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Apple dominated the world for a few minutes

Apple dominated the world for a few minutes

Apple’s market capitalization sharply surpassed that of the oil giant ExxonMobbil on Tuesday, becoming the most expensive company on the planet.

The market capitalization of the two groups was around $ 340 billion in the afternoon New York, said Gregory Volokhine, market manager for the portfolio management company Meeschaert New York. That of Apple temporarily went over that of ExxonMobil around 19:20.

Under the leadership of its charismatic boss, Steve Jobs, Apple has multiplied in recent years the resounding product launches, allowing the group to record significant profits.

Energy stocks have been among the most attacked in recent days on the stock market in the face of fears of a global economic slowdown.

Oil prices have fallen sharply since the end of July, the barrel changed New York dropping more than 20 dollars.

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(AFP).