Apple has become the most valuable firm in the US with its market capitalisation surpassed the oil giant Exxon Mobil, noted on Tuesday.
It is the first time Apple has managed to stay on the spot light of the Wall Street.
Apple market share
fell 2.8% to end at $363.69, giving a market cap of $337bn (£209bn), but still managed to dethrone Exxon who is now worth $331bn after it fell 4.4% and former dominant company since 2005.
Apple had been in
second spot since May last year when it overtook Microsoft.
Whereas Exxon has limited growth prospects, because it is reliant on oil prices and new oil discovery, Apple can continue to come up with new technology products.
Apple tends to introduce a new product roughly every three years, which would mean a new gadget in 2013 after the launch of the iPad in 2010.