Slumping Apple Gives Market-Cap Crown Back to Exxon Mobil
Apple’s declining stock price has finally cost it the title of most valuable company by market cap. Apple’s share price fell more than 2 percent to close at $420.05 Monday, dragging the company’s market value below $400 billion for the first time since January 2012. At $396.5 billion, Apple’s market cap is now less than that of oil giant Exxon Mobil, whose market capitalization remains just above $400 billion.
