Apple Hits Oil Slick as World's Former Top Company

[Michael Essany]

Apple is no longer the world's most profitable company. Instead, Exxon Mobil - the company bumped to second place in global profitability by Apple more than a year ago - has reclaimed its crown.

With shares of AAPL now trading at $440, Apple's market cap took a dive this week after a less-than-rousing earnings report from the most recent quarter.

As a result, Exxon Mobil is once again the most valuable company by way of its market cap. Forrester analyst Charles Golvin doesn't seem surprised given the widespread lower expectations Apple is generating today.

"It's a reality check on inflated expectations," Golvin says of Apple's diminished market cap. "I don't think it's a portent or a harbinger of diminished impact of Apple on the market." Golvin suggests that Apple may no longer be as far ahead of the competition as it once was.

"While they are still an 800 pound gorilla and bringing tremendous innovation and new experiences to consumers," he concludes, "others are starting to catch up to them a little bit and having some influence where they didn't before."

Source: Time

[BhadKarma]

they gotta pick up the pace. Period. Started off strong now just redoing what they've done

[ThuD Muffin]

they gotta pick up the pace. Period. Started off strong now just redoing what they've done

Yup! I feel like iOS7 is going to have to seriously wow for that to happen. Their hardware is great. Now take their software to the next level and they're good.

[*T*]

Time for the fing TV

[hogcia]

Don't worry folks. iPhone 5S will change everything.

[mlee19841]

Don't worry folks. iPhone 5S will change everything.

Lol. I can see that being the slogan. "iPhone 5s sorta like the iPhone 5 just a wider screen" in all serious ness they are starting to slip. Yea they have the quality apps and fluidness down. People want customization now a days. Or that's what it seems like by looking at google/android sales. Hopefully they pick it up I still love my 4s.

[Mrteacup]

I honestly wonder how they figure out what the "top company" is without using categories. It is WAY to broad.. there are still hundreds of companies that are worth 20x both of these companies

[subywrex]

I honestly wonder how they figure out what the "top company" is without using categories. It is WAY to broad.. there are still hundreds of companies that are worth 20x both of these companies

Like what?

[Pinoy]

I honestly wonder how they figure out what the "top company" is without using categories. It is WAY to broad.. there are still hundreds of companies that are worth 20x both of these companies

No their is not. Lol. That's pure nonsense. You clearly have very little to no knowledge on this. The market determines their value. Current stock value on apple even having dipped represents like 400 billion in market capitalization. Only company close or challenging is Exxon as the article suggests. Then way below that is IBM, then Walmart I believe. They use one universal category "money". Opinions are great. When formulated on some knowledge. Just sayin.

[aidanharris]

This just in "Apple buys Exxon Mobil. Once again the most profitable company"...

[hogcia]

This is what happens when you don't give people what they want. It's very simple.

[subywrex]

This is what happens when you don't give people what they want. It's very simple.

What do you mean? It's not like they are being beat out by other cell companies. They lost the top spot to Exxon.

No their is not. Lol. That's pure nonsense. You clearly have very little to no knowledge on this. The market determines their value. Current stock value on apple even having dipped represents like 400 billion in market capitalization. Only company close or challenging is Exxon as the article suggests. Then way below that is IBM, then Walmart I believe. They use one universal category "money". Opinions are great. When formulated on some knowledge. Just sayin.

But bro there are HUNDREDS of companies that are worth 20x apple and Exxon

Lmao

[jOnGarrett]

Lol. I can see that being the slogan. "iPhone 5s sorta like the iPhone 5 just a wider screen" in all serious ness they are starting to slip. Yea they have the quality apps and fluidness down. People want customization now a days. Or that's what it seems like by looking at google/android sales. Hopefully they pick it up I still love my 4s.

dude, Android is so much more than customization. when I switched from iOS to Android in Nov 2011 I was a bit hesitant at first. I had a ****** phone (the LG Thrill which was anything but thrilling) and wasn't sure Id like it as a phone as much as I liked it on my tablet which I had 5 months earlier. I swapped the LG Thrill for the Galaxy S2 and and found Android to be a world better than iOS--and not for customization but because of how flexible and unrestricted it is. also for how easily 3rd party apps seamlessly integrate into Android OS.

[cmay227]

No their is not. Lol. That's pure nonsense. You clearly have very little to no knowledge on this. The market determines their value. Current stock value on apple even having dipped represents like 400 billion in market capitalization. Only company close or challenging is Exxon as the article suggests. Then way below that is IBM, then Walmart I believe. They use one universal category "money". Opinions are great. When formulated on some knowledge. Just sayin.

You have no clue...Their are state owned company's worth trillions. This is just showing publicly traded company's. stop trying to sound smart, it's not working.

[Pinoy]

You have no clue...Their are state owned company's worth trillions. This is just showing publicly traded company's. stop trying to sound smart, it's not working.

That's what the article is talking about. I'm not trying to sound smart. I invest my money. Do you? Your probably a boy. So I'll just concede to ignorance.

[cmay227]

What do you mean? It's not like they are being beat out by other cell companies. They lost the top spot to Exxon.



But bro there are HUNDREDS of companies that are worth 20x apple and Exxon

Lmao

do some research..

[cmay227]

That's what the article is talking about. I'm not trying to sound smart. I invest my money. Do you? Your probably a boy. So I'll just concede to ignorance.

Your were putting someone down for stating their are a ton more company's who are more valuable than apple or exxon. and acting like he's stupid for saying that. yet their are many that are more valuable so you sound stupid. prove my ignorance wrong.

[Pinoy]

Prove your ignorance right son! It's not my job to chase your false accusations. Nor explain the context of the article which you are nowhere near! The first paragraph of the article outlines the topic. It doesn't say anything about state owned anything. But since your persistent post some. Forget hundreds as you suggest. Post one 20x more valuable.