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World's Largest Company 2012
|Published on: 23-February-2012|
Do you want to know the largest company in the world this year 2012? This company made it for the first time in history. In the previous years, a gas and oil company Exxon Mobil Corporation led the world largest company ranking. But this year, a computer and IT company makes the lead in terms of market capitalization.
The name of company?
It's Apple, Inc., which was founded by Steve Jobs, Steve Wozniak and Ronald Wayne in April 1, 1976.
It’s a multinational corporation that manufactures and sells computer software, personal computers and other consumer electronics.
It's best-known product lines are the Macintosh computers, iPad, iPhone and iPod.
The new era of Apple, Inc. - as the "World's Largest Company" (photo:Reuters)
The company’s headquarters is located in Apple Campus, 1 Infinite Loop, Cupertino, California, USA.
With over 357 retail stores worldwide, it generated US$ 108.249 billion gross revenue in 2011.
How Apple become the World’s Largest Company in 2012
Last year (2011), Exxon Mobil Corporation ranked as the world’s largest company by market value. Financial Times reported its market value worth US$ 417.167 billion during the year-end of 2011.
But in this year (2012), Apple succeeded Exxon Mobil as the world’s biggest company.
As of this writing, NASDAQ reported Apple’s market value worth US$ 476.824 billion while Exxon Mobil’s market value is worth US$ 416.608 billion.
Apple’s market value is US$ 60.2 billion higher than Exxon’s.
The upward trend of Apple’s market value is brought mainly by the rising product sales.
Reports said that over 37 million iPhones were sold during the last quarter.
In August 20, 2012, BBC News reported that Apple is now the most valuable company of all time due to its market value which increases to approximately $623 billion.
Can Apple hold onto its first position as the world’s largest company for long?
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