Exxon Mobil Corp. on Friday reclaimed its place as the largest U.S. publicly traded company by market value roughly one year after losing it to Apple Inc. as shares of the tech giant extended their fall.


Apple’s market capitalization has fallen by about $250-billion (U.S.) – roughly the market value of Google Inc. – since hitting a high last September, when the stock traded above $700.


Source: http://www.theglobeandmail.c om/glo...rticle7861038/

All those economists that were saying not to short apple stocks are looking really dumb now...

People keep expecting Apple to throw something awesome in their face every year. So what is Apple did not create some all might great new iPhone that does everything for you, this was still their best Quarter and they are one of the few companies that are able to make 13 Billion profits on 50 Billion revenue.

This is mostly due to the panic created by analyst.

Performance is based purely on meeting expectations. It just so happened Apple's expectations were ridiculously high. Their actual performance compared to the rest of the world was still incredible.