Apple’s blowout numbers this week got tongues wagging about the tech juggernaut. David Wilson at Bloomberg charts the answer to the question as to when Apple Inc. will overtake Exxon Mobil as the world’s most valuable public company. Apple is currently at ~$358.7 billion, a mere 13%behind Exxon Mobil at $410.3 billion.
Short answer: At the current pace, less than 12 months.
That assumes analysts’ share-price estimates are on target; so far, they have been too low in terms of earnings and revenue forecasts.
Apple versus Exxon Mobil 2008-2012
Apple Exceeding Exxon Foreseen by Analysts: Chart of the Day
By David Wilson and Michael Tsang
Bloomberg 2011-07-21 04:01:00.9 GMT