(MENAFN) ExxonMobil has regained its once top position as the world's most valuable company, after Apple Inc saw its stock price fall, Reuters reported.
Apple's stock has been falling since the company's recent quarterly earnings report suggested that its fast growth phase, rare for a company of its size, may be coming to an end.
Apple's stock last dropped 2.4 percent to USD439.51 in mid-day trading on Friday for a market capitalization of USD412.7 billion.
That followed a 12 percent drop on Thursday, the biggest one-day percentage drop for the company since 2008.
This was because investors saw signs that the iPhone 5 was lagging from phones running Google's Android software, especially those from Samsung Electronics.
ExxonMobil gained USD0.22 yesterday to USD91.57 for a market capitalisation of USD417.5 billion.
Apple first took Exxon's crown place in the summer of 2011. Exxon then reclaimed the top position in the fall of the same year, until Apple surpassed Exxon for good in early 2012.
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