Originally published on Mon January 28, 2013 4:23 pm
A salesperson demonstrates the Apple iPhone 4 in New Delhi, India. While mobile device use is growing rapidly in emerging markets, Apple's current product line may prove prohibitively expensive for many consumers.
In this Oct. 20, 2012 photo, people line up to enter a newly opened Apple Store in Beijing. Exxon has once again surpassed Apple as the world's most valuable company after the iPhone and iPad maker saw its stock price falter.
Credit Andy Wong / AP
Apple stock has dropped sharply since it announced earnings that disappointed analysts. Now the tech tastemaker is paying another price, losing its crown as the world's most valuable company to Exxon Mobil.
Exxon's market capitalization, the total value of its outstanding stock, was about $417 billion Friday. Apple's was about $413 billion.