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Apple no longer Wall Street’s most valuable company

Apple’s stock continued to take hits even after the company posted a record breaking financial result for Q1, 2013. The drop in the stock’s price was so severe that it resulted in Exxon Mobil surpassing Apple’s market cap value, to become the most valuable Wall street company once again.

Apple’s market cap is currently at 413.06B against that of Exxon’s 418.23B. Apple, held the leader position since August 2011, but now it had to give it back to the petrol giant.

However, some analysts expect Apple to come back on top in the next few weeks, and say that the reaction to the Cupertino-based company missing on its iPhone sales’ target has been exaggerated. Only time will tell, we guess.

Via

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