When Will Apple Be Bigger than ExxonMobil?
Via Barry Ritholtz:
Apple versus Exxon Mobil 2008-2012
(Projected Market Value panel/Actual Value lower panel)
[caption id="attachment_3369" align="aligncenter" width="589" caption="Data Source: Average Price Forecast, Bloomberg survey of analysts"]
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Ritholtz - 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. ($AAPL) will overtake Exxon Mobil ($XOM) 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.
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