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The iPad Trumps Oil: Apple Is Most Valuable US Company Re


August 10, 2011
by ken

From Fox Small Business Center – August 10, 2011

STEVIE WE LUVS YA!!!!!

Investors seem to think you want an iPad more than oil, as Apple Inc. became the most valuable company in the United States, surpassing Exxon Mobil Corp. on Wednesday.

Apple briefly flirted with the top spot on Tuesday afternoon before settling back slightly below the oil giant. 

 

SAN FRANCISCO - JANUARY 27:  Apple Inc. CEO St...

Image by Getty Images via @daylife

Wednesday was the first time that Apple managed to stay No. 1 after the stock market closed.

Apple’s stock fell 2.8 percent to close at $363.69, which brings the iPhone and iPad maker’s market capitalization to $337 billion. Exxon’s stock fell 4.4 percent to close at $68.03. That gives the oil company a market cap of $331 billion.

Imagine if you’d been the dental company to glom onto the iPAD for marketing purposes when it first launched???!!!!!!!!!



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