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JAN 25, 2013 - Forbes

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Apple Loop: Exxon Tops Apple, China Labor Woes, Steve Jobs' 'Nose' Photo

Not as valuable. Apple’s reign as the world’s most valuable company has ended – at least for now. After CEO Tim Cook announced earnings that disappointed investors on Jan. 23, Apple’s shares have plummeted 14 percent. They were trading at $514.01 right before the earnings report. Today they closed at $439.88. That translates into a market capitalization of $413.04 billion – putting Apple behind Exxon Mobil Corp., which at $418.23 billion, reclaimed top honors in market value. But why do I say for now? Because the market is fickle/irrational when it comes to Apple, as anyone who has covered ... Read More

Tags: Apple Loop: Exxon Tops Apple, China Labor Woes, Steve Jobs' 'Nose' Photo,  Ipad Latest News