Apple Doing It Bigger & Bigger...


Apple Third Largest on Wall Street, Again...

Apple (AAPL) is once again the third-largest company on Wall Street, as measured by market capitalization. Earlier this month, the company pushed past Walmart (WMT) as iPad anticipation bubbled. Positions then reverted, though Apple is third once again, thanks to rumors of an iPhone expansion beyond AT&T.

But this is still a horse-race with many laps ahead. At the closing bell on Wednesday, Apple finished at the nosebleed $235, and an accompanying cap of $213.1 billion. Walmart landed at $55.60, for a resulting cap of $211.56 billion.

So what's a few billion here and there? Perhaps the more important contest involves Microsoft (MSFT), whose second-place cap of $256.86 billion suddenly seems surmountable. Exxon Mobil (XOM) remains atop the roost, with a $316.23 billion valuation.

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