Nightly News | January 25, 2013
Exxon outpaces Apple as most valuable company
Apple has lost its position as the world’s most valuable company after a recent earnings report caused the stock to plummet. After a series of drops, Apple has now lost 37 percent of its value, bringing Exxon to the forefront. NBC’s Brian Williams reports.
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This content comes from Closed Captioning that was broadcast along with this program.
>>> these gains in the stock market have come despite a big-ticket name having a rough time. apple announced some rough earnings numbers earlier this week. their stock has now taken a punishing blow. in fact, today apple lost its spot as the world's most valuable company. title goes back to exxon now. since apple has lost 37% of its value from its high point of more than $700 a share back in september.