Apple to soon take world's largest company title

An Apple Inc. logo is displayed outside the exterior of Apple headquarters in Cupertino, Calif.

July 21, 2011 10:41:45 PM PDT
Here's a smashing success story. ABC7 reported about Apple's record $28 billion in revenue in its third quarter.

At the rate it's going, analysts believe Apple will soon overtake oil giant Exxon-Mobile as the world's largest company by market value.

As of Thursday, the Cupertino company had a market value of $350 billion. Exxon is at $420 billion.