Stephen Rosenman submits:We predicted that Apple (AAPL) would pass Microsoft (MSFT) in market cap in an article last June, so it's time to push the envelope with the following prediction: AAPL will surpasses Exxon Mobil (
By ValueMax:Gas prices have gotten to the point where I dread looking at the pump when I need to refill my gas tank. A week ago I purchased gas for a personal record high of $4.55 per gallon. Today when I filled my gas tank I got a reprieve, only paying $4.35 per gallon.
Tech titan Apple reported a 24% increase in quarterly profit Thursday, but that figure failed to meet the sky-high expectations of Wall Street analysts. Sales of the company’s iPad tablet device fell short of analyst forecasts, as many consumers held off buying in anticipation of the new iPad Mini, which was released earlier this week. But now that the product has arrived to the market, along with the iPhone 5, which was introduced on Sept. 21, the holiday quarter is shaping up to be a monster for Apple.
By Stephen Rosenman:Which company -- Apple (AAPL) or Exxon Mobil (XOM) -- deserves to be the world's most valuable company? Old oil or new tech? Will Apple leave Exxon in the dust, just like it did Microsoft (MSFT)? The two battled for the top spot all week.
Stephen Rosenman submits: In July of 2009, I predicted Apple would surpass Microsoft's (MSFT) market cap (seekingalpha.com/article/151433-why-micr...). It did in March 2010. Today, only Exxon Mobil (XOM) exceeds Apple's capitalization.