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August 09, 2011

Intraday Apple was most valuable company in the world

1. The recent decline in stock prices had Apple decline less than Exxon Mobile. During the day Apple was more valuable than Exxon Mobile.

Apple ended the day worth $346.7 billion and 348.3 billion.



Apple reported having short-term marketable securities worth $16.3 billion and long-term marketable securities worth $47.8 billion. If you add the cash, cash equivalents, short-term and long-term marketable securities, you get $76.2 billion. Apple has a AAA corporate credit rating and many websites were quoting that Apple had more cash than the US government.

2. Separately. China yuan strengthened to 6.415 to the US dollar

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