Apple is now the most valuable company in the U.S. based on market capitalization. The feat comes after Apple experienced a whirlwind four-year growth that began with a 73% gain between 2018 and 2019. The following year, the market cap increased by 75%, from $1.287 trillion to $2.255 trillion. Although the tech company would see less of a gain in 2021, the market cap continues to surge.
The main source of Microsoft’s success is the iPhone, which has revolutionized several industries, including music, TV and film, and gaming, for instance. The added on benefit of Apple TV, Mac, Apple Watch, and AirPods have also done well to enhance continuous growth for the company.
Apple competes with some of the top, legendary businesses that have riddled business school case studies and imprinted U.S. history; founded by spearheads Bill Gates, Larry Page and Sergey Brin, Jeff Bezos, Elon Musk, and Mark Zuckerberg.
As it stands, Microsoft is nearing the $3 trillion milestone with a market cap that sits at $2.51 trillion. Alphabet, the parent company of Google, currently has a market cap of $1.93 trillion. Amazon is not far behind with $1.73 trillion. Musk’s Tesla is about $1.2 trillion, while Facebook’s Meta Platforms fluctuates around the $1 trillion mark with a market cap of $942.91 billion.
On a world scale, Saudi Arabian company Saudi Aramco, a natural gas and national petroleum entity, competes in the top 10 companies with the highest market cap at $1.9 trillion — making the oil producing institution the 4th most valuable company in the world via market cap.
