Apple loses crown as world’s most valuable company

Apple Inc, makers of the improbable iPhone have lost one of their most memorable titles. ‘The world’s most valuable company’ no longer belongs to the tech-makers, as it now reportedly belongs to Exxon Mobile — at least according to Mashable.

Since then, however, Apple’s stock has been plagued by iPhone 5 sales concerns, a shakeup in the company’s executive leadership, and increasing competition in the smartphone and tablet markets, most notably from Samsung,” writes Mashable‘s Seth Fiegerman. Adds an analyst: “It’s a reality check on inflated expectations.”

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• Exxon Mobil Passes Apple as No. 1 Company (newser.com)
• Exxon surpasses Apple as world’s most valuable company (kmov.com)
• Exxon More Golden Than Apple Again (wnyc.org)
• Exxon passes Apple as most valuable company (utsandiego.com)
• Exxon Mobil Passes Apple to Become World’s Most Valuable Company (mashable.com)
• Exxon passes Apple as most valuable company (sacbee.com)