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.