In 1997, when Steve Jobs returned to Apple, the company was struggling to stay in business. Since the release of the iPhone and iPad, however, Apple's financials have looked like that of a blossoming start-up. Profits have soared every quarter. Example: In April of 2011, Apple announced a 95% increase in profits with second-quarter earnings of $5.99 billion. In that quarter the company sold 18.65 million iPhones, 113% more than it did the same time last year! Crazy. It was no surprise then that in August of that year, Apple, with a market valuation of $337.11 billion, beat out Exxon to become the world's most valuable company.
42. Apple Becomes World's Most Valuable Company