Apple drops to 2nd most valuable company
It might not come to a shock for some people, but Apple has lost its title to Exxon for being the most valuable company in the world, through the decline of their shares.
For almost a year, Apple held the title by reaching the $470 billion market cap – until recently when it all the way down to a near $400B. To be specific, Apple currently has a total worth of $413.06 billion with $439.88 per share – while Exxon fared at a close $418.23 billion.
The fruit company has peaked with the launch of the iPhone 5, yet ironically it’s declining. We can’t help but wonder if this will continue or not, as Apple isn’t really impressing anyone with their present moves such as the iPad Mini, the 4th-Gen iPad and the iPhone 5. While still being great devices, all of them seem to be keeping up with the trends and release cycles of current leaders in the market.
Is it because of the loss of Steve Jobs? Or their stale product line? It feels like they won’t be introducing not much new stuff to the world for quite some time, although there is the rumored Apple TV – but again, that is just a rumor.