A very interesting chart going back as far as 1990 depicts market capitalization comparisons between Apple and Exxon Mobile.
Deep in an underground illegal combat ring lie two opponents. In one corner of the cold iron wrought cage we have Apple and in the other, Exxon. The prize is the title of "World's Largest Company." Unfortunately this is a private fight so I'll just give you the follow-up chart, courtesy of Bespoke Investment Group:
As you can clearly see, Apple's market cap has been rising at an almost geometric rate over the past few years. Currently, Apple's market cap is at $555.7 billion while Exxon sits quite far below at $403.2 billion. gone parabolic over the past few years, and it has really widened the gap on Exxon over the past few months. At the moment, Apple's market cap sits at $555.7 billion, while Exxon is at $403.2 billion.
I suppose proud proponents of technology could in a way be gloating over oil right about now - that is until they stop for a refill at a gas station. Then again, if Apple were to come out with its own brand of electric or hybrid vehicles, it would just be kicking a man when he's down. Tisk tisk tisk.
Over and Out,
- PeterRealMoneyReport.com Sponsored by Leland National Gold Exchange
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