Apple has done it. It has reached the kind of rarefied spot once owned by American corporate giants like General Electric and Microsoft.
It has become the nation’s number one company by market value. It reached the milestone yesterday, surpassing Exxon Mobil in the process. That mean’s Apple’s stock on the open market is now worth more than any other company’s. Apple has enjoyed a substantial rebound since the 1990s, when it struggled to stay afloat before its co-founder Steve Jobs returned to take the helm. Since then it has become known for coming up with gadgets like the iPhone, iPad and iPod that people don’t think they want or need — until they either get their hands on one to play with, or see friends or relatives with one.