Apple's market capitalization, as of the market's close today, is about $347 billion. Exxon Mobil's market capitalization is $348 billion. Does this mean people need iPads and iPhones more than oil? Now, don't get me wrong. I love all of Apple's products. I have them. But please, Exxon sells a product that people need. Apple sells a product that people want.
The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Tuesday, August 09, 2011
Apple is about to Pass Exxon as the Most Valuable U.S. Company
Apple's market capitalization, as of the market's close today, is about $347 billion. Exxon Mobil's market capitalization is $348 billion. Does this mean people need iPads and iPhones more than oil? Now, don't get me wrong. I love all of Apple's products. I have them. But please, Exxon sells a product that people need. Apple sells a product that people want.
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