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Slumping Apple Gives Market-Cap Crown Back to Exxon Mobil

Published on March 4, 2013
by John Paczkowski

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.

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