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The Reformed Broker

The Big Apple: Innovation drives Apple to the top

By Joshua M. BrownGuest blogger / March 31, 2010

Apple Store on Broadway at 67th Street, New York City.

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Apple ($AAPL) now has a market cap of around $215 billion. Incredible, and it couldn't have happened to a more deserving company - they've changed the world.

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More astonishing than the number itself is the list of companies whose market caps have been eclipsed by the tech king...

Apple is now bigger than Berkshire Hathaway, General Electric, Proctor & Gamble, Johnson & Johnson, Google and JPMorgan Chase.

The only companies larger right now are Microsoft, ExxonMobil and Wal-Mart.

One other thing to consider - it all started with a device shaped like a deck of cards that was created to compete with the Sony Walkman - The iPod. Think of how many millions of devices sold as a direct consequence of the triumph and mass adoption of iTunes and the iPod. The dollar value created on the back of that product pairing is absolutely mindboggling.

For the details of who stands where by market cap, click the link below.

Source:

The Most Valuable Companies in America (Fortune)

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