ExxonMobil Takes Over Apple As World’s Most Valuable Co.

Apple is no longer the world’s most valuable company. As of Friday, the coveted title is held by ExxonMobil.

The switch seemed to be caused more by a faltering on Apple’s part than a particular surge in ExxonMobil’s stock, as less than stellar iPhone sales, leadership shake-ups, and serious competition from fellow smartphone and tablet producers has impacted Apple since heroic CEO Steve Jobs resigned in 2011. Still, Jobs’s baby still leads Google and Microsoft as the most valuable tech company. Read more at Mashable.

{Matzav.com Newscenter}