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Apple poised to beat Exxon Mobil in market cap

updated 01:40 pm EDT, Fri July 22, 2011

Would make Apple most valuable corporation

In the near future, Apple may surpass Exxon Mobil as the world's biggest corporation in terms of market capitalization, says Gleacher & Co. analyst Brian Marshall. "Apple continues to defy modern principles of economics and delivered the investment community something never seen before (e.g., quarterly revenue of $28.6 billion growing 80 percent year over year)," he writes, referring to this week's third-quarter results. "We expect Apple will become the largest market cap company on the planet when the stock hits approximately $445."

Based on high share prices Apple achieved a $358.9 billion market value on Thursday. That left it with a comparatively small $62 billion gap with Exxon, which at the time sat at $421.5 billion. Marshall cautions though that for Apple to become the leader in market cap, Exxon shares must stay relatively flat. So far in 2011 they have grown by approximately 14 percent.

Apple added $60 billion to its market cap during the month of June. The company may be able to leapfrog Exxon if several planned products prove enough of a catalyst; these include everything from iCloud and a new iPhone, expected this fall, to the iPad 3, which will likely arrive next spring.

By Electronista Staff
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  1. Arne_Saknussemm

    Forum Regular

    Joined: Apr 2011


    And just as...

    as big oil companies.

  1. SockRolid

    Forum Regular

    Joined: Jan 2010


    This is just the beginning

    As Gruber has astutely pointed out, Apple is now what Microsoft combined with Intel could have been back in the '90s. Apple controls the best mobile OS and reaps the majority of the hardware profits.

    The difference being, of course, that the post-PC mobile era will create a far larger market than the legacy PC era ever did. And there is only one game in town in the "tablet" market. Because there really isn't a "tablet market." There is only the iPad market.

  1. MyRightEye

    Fresh-Faced Recruit

    Joined: Apr 2008


    Sorry Michael Dull?

    What was that again???

  1. lochias

    Fresh-Faced Recruit

    Joined: Aug 2009



    "Marshall cautions though that for Apple to become the leader in market cap, Exxon shares must stay relatively flat."

    That's a new rule to me: runner A may not overtake E unless E quits.

    Apple's growth rate sounds pretty fragile; forget all that you may have heard.

  1. Sosa

    Senior User

    Joined: Feb 2002


    Steve Jobs proved them all wrong

    My only regreat is that I passed up the opportunity to invest in Apple shares when they hit $80 in January of 2009.

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