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Apple Inc., the innovative and technology company, was briefly the world’s most company on Wednesday. It went and neck for the top spot with the oil giant Exxon. At one in the day’s trading, Apple’s shares went up six per cent on the Nasdaq exchange to put its capitalisation at $446 billion. This was than Exxon’s $417 billion valuation. However, at the of trading, Exxon was up a percentage point at $418 billion, slightly of Apple, which went down to $416 billion. Apple’s figures were buoyed by news of its profits in the last quarter of 2011. It made $13 billion in profit on $46 billion in sales. Analysts predict Apple will soon overtake Exxon.

Apple’s has been phenomenal. It was struggling to make a fifteen years ago but experienced an incredible of fortunes after co-founder Steve Jobs took over as CEO in 1997. He turned the company round with products like the iPod, iMac, iPhone and iPad, which helped the company’s profits . The past three months is one of the most profitable ever for an American company. In that , it overtook Hewlett Packard as the world’s biggest computer and took in more than Google. Apple’s profit per employee now $400,000 a year. The introduction of the iCloud and soaring demand for the iPhone 5 this year should see the company’s value continue to .