Apple is now the most valuable Public Company in the World

Apple is now the most valuable Public Company in the World

While everyone expected this to happen before the end of the year, we weren’t quite prepared for Apple to become the most valuable company in the world so soon. Apple haters all around the world were seen in tears after Apple skyrocketed their way past Exonn thanks to a ridiculous plunge the markets have been on as of late. When you think about it, it’s pretty amazing that Exonn was valued at over $60 billion more than Apple just 3 weeks ago, and now Apple is apparently worth more than a billion dollars more than Exonn.

That goes hand in hand with what we reported not too long ago about Apple now having more money than the US Government (no surprise with their spending habbits in all fairness), but it just adds to the amazing and rapid rise of the Apple Juggernaut. Furthermore, if you remember our article a few days ago, we said Apple is now also the biggest smartphone manufacturer in the world. Is it just us, or is it really scary to think how powerful Steve Job and his company is getting. Movies depict companies running governments in the future, is this what our future holds? Probably not, but who are we to predict the future!

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A look at the table above really shows how far Exonn have fallen, while Apple’s stocks have generally held out better (for obvious reasons). To add insult to injury, this market crisis has left Exonn $25 billion in the red on their market cap today, and it could get worse. Until then, it seems to be a one way traffic for Apple all the way to world domination.

Source: Tech Crunch


Founder and Chief Editor of Techin5, currently based in Melbourne Australia. Has always had a deep appreciation of Technology and how it helps people, which led to the birth of Techin5. You can follow me on Twitter at @jubbing and on Instagram