CHART OF THE DAY: Apple Closes The Day As The Most Valuable Company In The World For The First Time Ever

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Apple has closed the day as the most valuable public company in the world knocking off Exxon Mobil.

It’s an incredible feat considering Apple was a broken company 15 years ago. In the world of technology, which evolves so rapidly, only a handful of companies have been able to reverse course and find new life.

Apple’s rise to the top happened rather suddenly. Just a year ago it passed Microsoft to become the biggest company in tech. At the start of the year it was still $75 billion behind Exxon. Today it’s $6 billion ahead.

But, a market crash coupled with Apple’s astounding earnings performance have vaulted it to the top of the heap.

chart of the day, apple, exxon mobil market cap, aug 2011

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