Apple is now America's most valuable company - KWWL - Eastern Iowa Breaking News, Weather, Closings

Apple is now America's most valuable company


Apple has surpassed Exxon Mobil as the most valuable company in the U.S.

Apple Inc.'s stock gained 3.2 percent to $364.60 on Tuesday afternoon, bringing the iPhone and iPad maker's market capitalization to about $338.0 billion.

The top spot was previously held by Exxon Mobil Corp.   Its shares, meanwhile, were trading at $69.45, down nearly 1 percent.  That gives the oil company a market cap of $337.7 billion.

Other big-name corporations, such as Wal-Mart Stores Inc. and General Electric Co., don't even come close.

Apple has been on a roll with the soaring popularity of its iPad tablet computer and strong sales of the iPhone.  Investors expect Apple to grow as long as it keeps making products that people want.


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