For a short time today, Apple’s rising stock price pushed its value past Exxon Mobil making it — for a time — the most valuable company on the planet. According to our colleagues over at CNBC, just before 2pm ET Apple’s stock price hit $365.10 bringing the company’s total market cap close to a whopping $338 billion. At the same time, Exxon Mobil (whose ads you’re likely to see here on our blog) was trading at $69.23 a share giving it a market cap of around $337 billion.
While Apple was back in the number two slot by the close of the trading day, some analysts told Reuters it’s only a matter of time before we see the tech giant take the top spot for good. And here’s some perspective from Bloomberg News… back on September 16, 1997 when Steve Jobs took over as CEO of the then-nearly bankrupt company, its stock was trading at $5.48. Wouldn’t you just love to go back in time and tell you of about 14 years ago that little piece of information?