Apple pipped by Exxon Mobil

Apple shares have fallen to such an extent that it has been overtaken by oil giant Exxon Mobil as the world’s most valuable publicly-traded company. Apple’s stock fell 2.4% to $439 a share for a market value of $413bn. Exxon’s value is currently around $418bn. Apple shares have fallen almost 40% since hitting a record $702 in September 2012.

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