TEMPO.CO, New York - Apple is displaced from its position as the world's most valuable company as its shares continued to erode. His position was replaced again after the oil company Exxon Mobil shares of Apple fell 2.4 percent, following a decline of 12 percent on Thursday.
Apple, which announced disappointing iPhone sales figures on Wednesday, its shares fell 37 percent since September last year. This is a record high stocks decline after the death of Steve Jobs.
Exxon became number one in 2005, before Apple moved in 2011. However, earlier this year, the company regained its position.
At the close of stock trading on Wall Street, Apple counted a market value of U.S. $ 413 billion, while Exxon U.S. $ 418 billion.
Sales of Apple products continue to decline. Apple also faces onslaught from its main competitor, Samsung. According to Strategy Analytics, one of the four phones that shipped last year was owned by Samsung.
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