Apple lost its spot as the world's most valuable company today to Exxon.
This is a developing story we'll be keeping our eyes on.
As of this writing, according to Google Finance, Apple's market cap is $413.89 billion versus $416.50 for Exxon.
This is a fluid situation and we expect them to trade spots through the day.
Apple has been the world's most valuable company since August of 2011.
It comfortably held that position for over a year. But, as the world came to the realization that Apple wasn't going to forever grow its profits at 40% per year, the stock started to tank.
It's now more than 30% off its peak, giving Exxon a chance to regain its title as the most valuable company in the world.
Depending on how the day plays out, Exxon could be king again.
Please follow SAI on Twitter and Facebook.
Join the conversation about this story »
