Apple increasingly queen. The market capitalization of the Cupertino giant reaches 700 billion dollars for the first time, driven by the rally in stocks which has already risen by 49% this year. Apple is worth 1,7 times more than Exxon, the second largest company, stuck at a market capitalization of $40,6 billion.
It is the Tim Cook effect which, three years after his appointment at the top, has led the company to double its capitalisation. The current threshold has never been reached before by an American company. The opening on Wall street is up slightly, +0,8%, but it is enough to distance even more the second largest company in the world, Exxon with its 406 billion dollars. To push Apple is the demand for iPhone and iPad. what penalizes Exxon instead is the reduction in oil prices.
