Apple Poised To Become World’s Most Valuable Corporation

Apple has already been named the world’s most valuable brand, and now the Cupertino-based company is poised to become the world’s most valuable corporation based on market cap value. Apple is still quite shy of the world’s current most valuable corporation, Exxon Mobil, but continues to show tremendous growth year-over-year. As of market close on Friday, Apple had a market cap valuation of just under $365 billion, while Exxon Mobil led the way with about $422.5 billion of their own.

Apple’s market cap increased by $60 billion in June alone, and there’s no reason to believe that this growth won’t continue. Recent and upcoming product launches out of Cupertino such as Mac OS X Lion, iOS 5, iCloud, new MacBook Airs and Minis, and potentially a new iPhone will more than likely put Apple much closer, if not ahead, of Exxon Mobil in market capitalization.


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