Technology News Alert: Apple again surpasses Exxon as most valuable U.S. company

	Wednesday, January 25, 2012 12:57:25 PM TECHNOLOGY NEWS ALERT Apple again surpasses Exxon as most valuable U.S. company Apple has again surpassed Exxon as the most valuable U.S. company after a huge fiscal first quarter. Apple Inc.'s stock is up nearly 7 percent to $448.79 in Wednesday midday trading, bringing the iPhone and iPad maker's market capitalization to about $418.5 billion. Meanwhile, Exxon Mobil Corp. shares are down 1 percent $86.23. That gives the oil company a market cap of about $413 billion. Apple said late Tuesday that net income in its most recent quarter more than doubled, while revenue was up 73 percent. Cupertino, Calif.-based Apple first topped Exxon as the most valuable company in August, then fell back to second place. The Irving, Texas-based oil and gas giant had held the top spot since 2005. Read more at: http://www.washingtonpost.com/business/industries/apple-again-surpasses-exxon-as-most-valuable-us-company-after-huge-1st-quarter/2012/01/25/gIQA9SmUQQ_story.html Or visit washingtonpost.com/business/technology. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy