Apple is in Exxon's rearview, but for how long?

This article talks about how Apple Inc. might be the largest company by market capitalization. It will soon pass Exxon Mobile if they keep on the same track that they are going now. If this happens it will also take to top spot on the S & P 500 index, which is the market index that is most used by professional money managers. Exxon will most likely see the price of its shares fall if this happens as Apple will see the price rise. This would be a huge accomplishment for Apple because not many company's have had the oppertunity to hold the top spot on the S & P 500. General Motors, GE, and AT&T are a few that have in the past. Apple moving to the top spot shows that consumers are spending there money on technology and entertainment rather than traditional manufacturing. For this to happen though Exxon will have to stay flat and Apple's stock will have to rise 12% to take the top spot. Apple has a good thing going for them. During this recession many people have down sized there house and stopped taking vacations, but they have not stopped purchasing devices like the I Phone. Apple has convinced people that they need to have one of there devices. They are doing something right and if they keep on the same path they will eventually be the biggest company.