Just this week, Apple (AAPL) passed up Exxon Mobil (XOM) as the largest corporation in the S&P. That is incredible for a company that sells cell phones, computers and fancy walkmans. Their recent earnings, just like all the others, blew away estimates and surged beyond $400/share. However with the recent calamities in the global markets, and its impact on US stocks, not to mention the downgrade by the S&P, shares of AAPL have taken a pretty good hit.
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