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Apple once again becomes world's most valuable firm

January 26, 2012 - Washington

Apple has once again became the world's most valuable company, after reporting its best quarter ever for revenue, earnings and sales of iPhones, iPads, Mac computers.

The technology giant reclaimed the title from an American multinational oil and gas corporation Exxon Mobil.

Apple has a market cap of about 419 billion dollars while Exxon Mobil has a market cap of about 415 billion dollars, ABC news reports.

According to the Wall Street Journal, Exxon Mobil claimed the title of biggest public company from Apple on October 27.

Apple's shares, however, jumped minutes after the start of trading following record first quarter earnings reported on Tuesday afternoon.

The company smashed Wall Street projections with net income of 13.06 billion dollars on revenue of 46.33 billion dollars in the three-month period ended December 31.

The tech giant sold 37.04 million of the devices, by far eclipsing its iPhone sales record of 20.3 million set in the April to June quarter.

It sold 15.43 million units of iPad, over four million more than it had sold last quarter in its previous quarter.

Apple also sold 5.2 million Mac computers, beating its mark of 4.9 million, also set last quarter.


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