Apple becomes largest U.S. company

By Reuters
Tuesday, August 9, 2011 14:00 EDT
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SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc briefly edged past oil majorExxon Mobil to become the most valuable company in the United States after days of volatile stock market action.

The market value of Apple rose on Tuesday to $341.5 billion, just above Exxon’s at $341.4 billion, even as the oil major rakes in more than four times Apple’s annual revenue.

(Reporting by Poornima Guptaand Rodrigo Campos)

Source: Reuters US Online Report Technology News

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