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APPLE LOSES ITS SPOT AS WORLD'S MOST VALUABLE COMPANY

Jay YarowJan 25, 2013, 22:20 IST

Apple lost its spot as the world's most valuable company today to Exxon.

Apple's market cap is $413.06 billion versus $418.23 billion for Exxon.

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 an insane rate forever, the stock started to tank.

It's now more than 30% off its peak, giving Exxon its chance to regain the title as the most valuable company in the world.