Stocks fall, Apple drops to disgraceful spot of world's No. 2 company1/25/2013
How the mighty have fallen. Apple, the company known for convincing consumers that purchasing its latest devices is the only way to transform life from a pitiful existence into a rich panoply of friends and culture, has lost its position as the world's most valuable company. Apple's stock has been taking hits over the past week, and finally on Friday, the value of all its issued stock shares (market cap) dropped below $420 billion. That event allowed your friendly massive neighborhood oil company Exxon to reclaim the top spot. But don't panic, Apple fans. Analyst Charles Golvin called the news "a reality check on inflated expectations," rather than an indication that the company is in financial trouble. [Source]
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