Apple closed as the most valuable company in the world

<img src="/sites/imore.com/files/images/stories/2010/11/Jobsipad.jpg" alt="Apple closed as the most valuable company in the world" title=Apple closed as the most valuable company in the world" width="400" height="224" class="aligncenter size-full wp-image-43950" />

While yesterday Apple only briefly passed Exxon to become the most valuable company in the world for a few minutes, today they managed to close that way. Whether they close that way tomorrow or not doesn't matter. Whether they continue to rack up these type of accomplishments or go on to yet again eclipse them, whether they continue to lay, an image of the splendor of Silicon Valley in glory undimmed before the introduction of the microprocessor, doesn't matter.

Today, Apple closed as the most valuable company in the world, by market cap.

And iPhone 5 hasn't even been announced yet.

What on earth is next?

Rene Ritchie

Editor-in-Chief of iMore, co-host of Iterate, Debug, Review, The TV Show, Vector, ZEN & TECH, and MacBreak Weekly podcasts. Cook, grappler, photon wrangler. Follow him on Twitter and Google+.

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There are 20 comments. Add yours.

iDavey says:

Richest company in the world?

Joe4621 says:

Most Valuable != Richest

iDavey says:

Um...valuable = worth.
Richest = money on hand.
Or at least that's how I see it. shrugs

LinuxLover says:

Except that the richest man in the world is supposedly Bill Gates, yet his wealth is measured in net worth? hmmmm

iDavey says:

shrugs I really don't care what the correct term is anymore. Said what I said, that's that.

dloveprod says:

At this years iPhone 5 event they should play Only Girl in the World as their theme song.

Johndoe says:

Steve Job becomes the next US President!

Greg Smith says:

Actually, what's next is that Steve Jobs announces that the new Apple Headquarters their creating is actually a ship that will be able to hover 150 feet in the air so he can get away from all of us infidels and really feel on top of the world.... true story.

Dumbledorf says:

Calm down you Jobs worshipers. The Church of Jobs hasn't been erected, yet. You still have the Christians to contend with!

JD says:

Who cares? When Exxon was the most valuable company I didn't run out and buy their gas and now that they aren't I'm still not going to run out and buy their gas. I bought an iPhone before Apple topped the list and now that they are, I'm not running out to buy another Apple product.

Gilbert Estes says:

I paid $21.87 for an iPad 2 32-GB and my girlfriend loves her Panasonic Lumix GF 1 Camera that we got for $ 38.76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $ 657 which only cost me $ 62.81 to buy. Here is the website we use to get it al from, http://to.ly/aUHr

Dumbledorf says:

I thought a "Whoopty Friggin Doo" was in order so there ya go!

Montana says:

Decline... it's inevitable..

sting7k says:

So despite my doubts it seems there is something more valuable than oil out there, iPads.

Crunch says:

I agree 100%. What an accomplishment and if I had to add anything to the superlative description of this article, I would point to how unbelievably, insanely fast Apple arrived at this point. And it's not like its momentum is slowing down one iota. This significant achievement will be all but a blip on the radar screen as soon as the company breaks other financial records.
Keep in mind that Apple still only has a small market share domestically and internationally as far as its Mac division goes. There is a lot of room for additional growth there.
Big corporations are usually disliked. I think it's fair to say that Apple has to be, by order of magnitude, the single most liked giant amongst giants in the corporate world.

cannedoscar74#IM says:

This is amazing because not that long ago Apple was at the bottom of its massive fall from consumer grace. Apple pulled itself back up the and increased its cash flow and stock worth the old fashioned way, they earned it. I highly doubt any bailed out company, in any country, will ever be able to match Apple's turn around.

DeLeon Hughes says:

The sky's the limit. So anything is possible.

Ruel Smith says:

Maybe they should close the doors and give the money back to the stockholders? ha ha! Yeah, right! Long live Apple!!!

Daniel says:

Its not the largest market cap in the world. Its the largest american company.