iPad maker Apple has lost its crown as the world's most valuable publicly traded company after its shares continued to fall.
Oil giants Exxon Mobil has regained the top slot after Apple shares fell 2.4%, following a 12% drop on Thursday. Apple, which posted disappointing iPhone sales figures on Wednesday, has seen its shares fall 37% since their record high last September.
Exxon became number one in 2005, traded places with Apple during 2011, and had been number two since early 2012. At the close of trade, Apple had a market value of $413bn (£261bn), against Exxon's of $418bn.
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