Entire world is currently worried about the economic crisis, but there is one company in the U.S., which is going stronger despite the undesirable conditions. Yes, you guessed it right! It’s the Apple Inc.
Steve Jobs and other team members had started this company in a garage and now it has become the most valuable company in the world. With the overwhelming success over the last few years, Apple has beaten all the records set by its competitors and has almost stopped the criticism from analysts and research companies.
Today, Apple grabbed the no.1 place from ExxonMobil for the fraction of a period. Since the oil prices have dropped below $79 a barrel, oil companies are finding it difficult to sustain in the competition and that’s the reason why its market cap value has come down in recent months.
However, there is no need to celebrate Apple’s marginal success, as market will probably fluctuate until the U.S. government finds any solution to bring back the golden days. Even today, ExxonMobil managed to retain (XOM: $348.32 billion and APPL: $346.74 billion) the top place at the end of the day.
On the other hand, Apple looks pretty much stable and stronger than other IT companies. They are also going to launch new iPhone and probably an iPod Touch later this year, which will again bring more profit to them. So, now it’s just a matter of time. All new products and upcoming releases will definitely help the company achieve some more records and landmarks.
I agree when you say that Apple is one company that is not fazed with the US recession. Some even say (or joke) Apple is much richer than the US government! Kidding aside, I also cannot wait for their latest release. When exactly is the newest version of iPhone coming? They keep the thrill burning!
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