Washington, United States (4E) – Exxon Mobil has replaced Apple as the world’s most valuable publicly traded company after latter’s shares continued to decline.
Apple’s shares fell 12% on Thursday and again fell further 2.4% on Friday, allowing the oil company to regain its top slot.
Exxon claimed No one spot in 2005, exchanged places with Apple during 2011. Since early 2012, it had been No two.
Apple had a market value of $ 413 billion on Wall Street at Friday’s closing while Exxon was at $ 418 billion.
Although Apple recorded huge profits, but its last Wednesday’s disappointing iPhone sales figures, sparked fears about its future growth.
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