Apple Inc. briefly edged past oil major Exxon Mobil to become the most valuable company in the United States after days of volatile stock market action.
The market value of Apple rose on Tuesday to $341.5 billion, just above Exxon's at $341.4 billion, even as the oil major rakes in more than four times Apple's annual revenue.
At the same time, Apple continues to fight Android in court: this time, against Samsung – currently the number one vendor for Android smartphones and tablets:
Apple has been granted a preliminary injunction in a German court that bans the import and distribution of Samsung’s Galaxy Tab 10.1 Android tablet throughout the European Union, with the exception of The Netherlands, where a separate legal proceeding is under way. Apple sued Samsung in the Regional Court of Düsseldorf for patent infringement, and the company accused Samsung of copying the iPad and trying to trade off of its success.