Apple Tops US Rich List, Ousts Exxon

A file photograph dated 09 January 2007 shows Apple Inc. CEO and co-founder Steve Jobs with the new Apple iPhone after his keynote at the Macworld Expo in San Francisco, California. EPA/BGNES

Technology firm Apple has become – for the firs time, though briefly - the most valuable company in the US, overtaking Exxon Mobil.

The company stayed in the top spot at the close of Wall Street for the first time before falling 2.8% to end at USD 363.69, giving a market cap of USD 337 B. Exxon is now worth USD 331 B after it fell 4.4%.

Exxon, which had been the most valuable company since 2005, saw its stock fall 4.4% to close at USD 68.03.

Apple had been in second spot since May last year when it overtook Microsoft.

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