Apple, Exxon, and Microsoft Atop the Largest US Companies List
With Exxon-Mobil (NYSE:XOM) reporting second quarter earnings that underwhelmed, Apple (NASDAQ:AAPL), which recently broke the bank in its best quarter ever, looks increasingly well-positioned to usurp the title of the world’s most valuable company. While Exxon-Mobil is constrained by the supply of oil and natural gas resources that it sells to generate revenue, Apple’s productive capacity is limited only by the ingenuity of the brightest minds the Cupertino, CA based business can put to use in crafting new products. Apple’s ability to produce revamped and renewed versions of its existing products gives it a major growth edge over energy companies. There will probably have been ten different versions of the iPad released five years from now, while crude oil supply is nearing peak production levels. It is for these reasons that a investor with a long-term outlook will likely come to the conclusion that Apple and other technology stalwarts such as Google (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT) have the potential to grow vastly. Financial writers have already begun to speculate that Apple (NASDAQ:AAPL) could be the first trillion dollar public company by 2020.
For now though it still ranks #2, as we take a look at the top ten largest publicly traded companies in the United States by measure of market capitalization.
1. Exxon-Mobil (NYSE:XOM). Market Cap: $405 billion.
2. Apple Inc. (NASDAQ:AAPL). Market Cap: $364 billion.
3. Microsoft (NASDAQ:MSFT). Market Cap: $229 billion.
4. International Business Machines (NYSE:IBM). Market Cap: $216 billion.
5. Chevron Corp. (NYSE:CVX). Market Cap: $212 billion.
6. Google Inc. (NASDAQ:GOOG). Market Cap: $196 billion.
7. General Electric Co. (NYSE:GE). Market Cap: $192 billion.
8. Wal-Mart Stores Inc. (NYSE:WMT). Market Cap: $185 billion.
9. Berkshire Hathaway Inc. CL B (NYSE:BRKB). Market Cap: $185 billion.
10. Johnson and Johnson (NYSE:JNJ). Market Cap: $179 billion.