Report has it that the company Steve Jobs left behind, Apple Inc is now more valuable than the entire US energy industry, including the trio of ExxonMobil, ConocoPhillips and Chevron.
According to the report, Apple is now valued more than the entire US energy sector, according to analysts at Bank of America - Merrill Lynch.
The report has it that the tech giant closed Thursday transaction with a $1.17 trillion market capitalization, which enabled it to maintain its position as the world’s most valuable publicly quoted company.
In contrast the S&P 500 Energy index closed with a $1.13 trillion market cap, dragged lower by ExxonMobil, Chevron, and ConocoPhillips.
The iPhone-maker’s stock surged after impressing investors with its fiscal fourth-quarter earnings