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Apple Now the Most Valuable Corporation in the World


Marc Wielage

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These are strange times. Bloomberg just reported that Apple is now slightly more valuable (at least for its market cap) than Exxon/Mobil, making it -- technically -- the most valuable corporation in the world. Their stock is also at an all-time high, closing in on $400 a share. It wasn't that long ago that they were struggling at 1/10th that, not many years ago.

I know pundits could argue, "and if Apple just cut their prices about 15-20%, they'd sell more stuff, have more modest profits, and still be the #2 biggest company in the world."

I see good and bad with this, but I'm glad to see somebody's making money in this economy.

Full story at this link:

Apple Overtakes Exxon to be Most Valuable Company

--Marc W.

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