Apple is Now, the World's Most Valuable Company
Image via CrunchBase
After briefly surpassing Exxon Mobil during Tuesday’s trading day as the world’s most valuable company, Apple took over the number one spot again yesterday and stayed in the lead for the first time at the close of a trading day. This change in the overall market value leader prompted me to re-run the world’s 25 most valuable companies now and compare it the top 25 from our 2011 Forbes Global 2000 (published in March). The latest rollercoaster ride in global markets not only put Apple in the driver’s seat, but has shuffled the deck.
Despite the recent downturn on Wall Street, Apple’s stock is up 3% since March while Exxon Mobil is down 17% over the same time period. Since then, Apple has also seen its latest twelve month sales eclipse the $100 billion mark. The question now is how long will Apple stay at the top.
In the current list of 25 most valuable companies, the market value winners are all Swiss-based companies. Nestlé, Novartis and Roche Holding, saw double-digit growth in market value over the past six months. Novartis, up 20% and Roche Holding, up 16%, showed the biggest gain in market value and jumped into the elite group of the world’s 25 most valuable companies. The other newcomer to the list is U.S-based Coca-Cola. The loser of the group is General Electric, falling 12 spots to number 20 after taking a 26% haircut in market value.
Taking a look back at the top 25 from the Global 2000, Brazil’s Petrobas,China Construction Bank and General Electric saw the biggest decline in market value and fall in rank since March, but are still among the current top 25. Russia’s Gazprom, U.S. banks’ JPMorgan Chase and Wells Fargo, fell out of the top 25 with double-digit declines in market value.
The tables below show the both looks at the world’s 25 most valuable companies: now and six months ago with % change in market value and change in rank.
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