FOX News: Apple no longer the world's most valuable company

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Apple no longer the world's most valuable company Jan 25th 2013, 17:01 Published January 25, 2013 FoxNews.com Exxon has surpassed Apple as world's most valuable company after tech company's stock falls. Apple's stock has been falling since an earnings report on Wednesday. It fell another 1.8 percent on Friday to $442.60 for a market capitalization of $415.6 billion. Exxon Mobil Corp. was mostly unchanged and has a market capitalization of $416.2 billion. Shares of former tech darling Apple tumbled 12 percent Thursday in their largest selloff since the 2008 financial crisis, FoxBusiness noted, as Wall Street worries that the iPhone maker's incredible growth pace may be over.  The bad day for Apple came after the company disappointed shareholders on Wednesday evening with gaudy quarterly results that failed to meet Wall Street's lofty expectations.  Read more about Apple's struggles at FoxBusiness.

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