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Apple regains status of world’s most valuable company

August 02, 2013, 11:38 UTC+3
Apple’s value is now $2.6 billion bigger than of the ExxonMobil
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Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

MOSCOW, August 2 (Itar-Tass) - Apple has regained the world’s most valuable corporation status according to the results of recent NASDAQ trading session. Capitalization of iPhone and iPad maker increased by 0.95% to $414.89 billion, the value of its securities increased to $456.68 per share.

Apple’s value is now $2.6 billion bigger than of the ExxonMobil oil and gas group that ranked first among the most expensive companies since the beginning of 2013. Capitalization of Exxon following the last session on the New York Stock Exchange fell by 1.09% to $412.31 billion.

The oil and gas company held the first place in terms of capitalization from 2006 to 2011. Then it several times lost to Apple, but since the end of January 2013 it held the status of world’s most valuable company.

Capitalization is one of the main reference points for companies, managing collective investment funds. In particular, among institutional investors, working with ETF funds (units of such funds are traded on the stock exchange) the Large Cap strategy - investments in corporations with maximum capitalization, is popular.

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