Apple may still be golden but it's black gold that is platinum.
Exxon Mobil on Monday overtook Apple -- whose stock has been steadily dropping in value -- in terms of pure worth, according to the San Jose Mercury News.
Exxon Mobil, one of the biggest oil companies in the world, is now the most-valuable American company in terms of pure stock market worth, according to the newspaper. At $88.95 per share, Exxon's tradeable shares are worth $400.5 billion; Apple, trading at $419.57 per share, worth a mere $394.5 billion, the newspaper reported.
Apple has been America's most valuable company for some time, despite its stock losing over a third of its value since September. In that time, Exxon has taken over the mantle of most-valuable once before prior to seizing it again on Monday.
Apple's worth has been hindered since its peak trading price of $705 a share by market doubts that it can continue to innovate and also produce products like the iPhone 5 that will continue to woo consumers.