Apple Still Leader With Market Capitalization of $661.67 Billion

Thanks to a dramatic drop in oil prices, Exxon Mobil has now slipped to #3 on the list of the world's most valuable companies.

Taking over the #2 position is Microsoft, which now has a market capitalization of $408.93 billion. Microsoft has increased nearly $100 billion in value so far this year as investors have continued to cheer Satya Nadella's fresh vision for the company.

As mentioned, Exxon Mobil Corporation is now #3 on the list with a market capitalization of $400.84 billion. Shares of the company have been on the retreat thanks to a dramatic drop in oil prices and a desire from many investors to increase holdings in large cap technology stocks, which has come at the expense of "boring" holdings such as Exxon Mobil.

-

The 800 pound gorilla of the list continues to be Apple Inc. Shares of the company closed at $112.82 on Thursday afternoon, which is a new all-time high. This gives the company a monstrous valuation of $661.67 billion, which puts it over $250 billion ahead of its next closest competitor, Microsoft.

Apple is in the midst of a strong product cycle right now, which means that the odds of it being caught anytime soon are likely very slim.

Filed under: General Knowledge