As Google, Exxon Mobil and Microsoft fight for second place, Apple Incorporated dominates as the most valuable company in the world. According to Yahoo Finance, Apple is worth double or more than any other competing businesses today.
After releasing the financial results for the fiscal 2015 first quarter, participants in the stock market jumped on Apple shares. The data shows iPhone unit sales at 74.5 million, a new record.
Apple – $710.74B
Founded by Steve Jobs, Ronald Wayne and Steve Wozniak Apple Incorporated is a multinational corporation that sells laptops, desktops and cell phones. Worth roughly $300 billion more than the second richest company in the world, Exxon Mobil, Apple reached the billion sales mark for iOS devices last November. Over the past three months, Apple production has reached an all time high profit sending it over the $700 billion mark, breaking world records Tuesday. Headquarters are located in Cupertino, CA where current CEO Tim Cook plans the Apple Watch debut, set for April.
Exxon Mobil – $382.33B
This American business is the largest integrated oil company in the world, valued at roughly $150 billion ahead of its top competitor, Royal Dutch Shell. The corporation both manufactures and markets a large inventory of petrochemicals. Less than $20 billion ahead of the next most valuable company, Exxon Mobil is struggling to stay in the lead. Current decreasing stock is no help.
Google – 365.21B
The third richest company in the world, Google, is famous for the search engine, but it offers many other services to its consumers. This multinational corporation sells services and products that are designed to correspond with the Internet. This can be anything from online advertisement to cloud computing to software. Larry Page and Sergey Brin founded Google in September 1988. Since then headquarters have been moved to Mountain View, CA. Page is still the CEO of the company and is in preparation for his biggest event of the year, which will be held May 28-29. The event usually features the release of a new version of Android.
Microsoft – 349.48B
Not only is Microsoft competing against Apple to become the biggest electronic sales outlet, but it also fights in the largest valued company race. Ranked at number four, Microsoft stock was steadily increasing until the turn of the New Year. Numbers continued to go down throughout January until the final week when shares dropped to the lowest price seen in six months, according to Google Finance. Since the start of February things have picked up, pushing the company closer to their closest competitor, Google. However at the rate that Google is increasing in value, Microsoft is not expected to catch up. Bill Gates and Paul Allen founded the corporation in April 1975, just one year before Apple. Since then they have produced and updated Windows, a system processor for a PC.
Facebook – $210.46B
Facebook is a social media site founded by Mark Zuckerberg and launched in early February 2004. As a college student looking for ways to connect with students on other campuses Zuckerberg invented what is now the largest social network company in the world. Headquarters are in Menlo Park, CA where Zuckerberg and fellow founders, other Harvard University students, collaborate on new ideas. According to Wikipedia, the company draws a current net income of $1.5 billion.
This is a really interesting article, yet not surprising at all. I definitely knew that Apple was the richest business in the world, and why shouldn’t it be? I’m a huge fan of Apple products and would never switch over to another company. One thing that did surprise me was that Exxon Mobile was richer than Google.