Apple — which started in 1976 with Steve Jobs and two friends assembling personal computers in his garage in Cupertino, CA — is now the most valuable company in the United States. Earlier today, the company's stock surged, pushing it past Exxon Mobile to the number-one spot.
As of 2 p.m. this afternoon, after a 3.4 percent increase in stock, Apple is worth $338 billion dollars. Exxon stock has been in a slump, and it may well pick up again to regain the top spot. However, for the moment — and for the first time ever — Apple holds the top spot.
In 1984, Apple ran a TV commercial during the Super Bowl that's since been called "the greatest commercial in the world" announcing its plan to offer Macintosh, a personal computer. The company's mainstream ascent started with the Macintosh, but it has skyrocketed in the last five years or so, after the introduction of the iPhone and iPad.
The 1984 ad (below) shows Apple as a spunky young upstart, saving the world from Big Brother-style monotony. That young upstart, it seems, is now king. Whether that means all CEOs will start wearing mom jeans and black turtlenecks has yet to be seen.