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Tech, Particularly Apple, Still Dominate Market Cap List
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The worries about slowing growth among major tech companies have not kept them from dominating the list of public corporations by market capitalization, according to The Online Investor.
Apple Inc. (NASDAQ: AAPL) leads the list, despite anxiety about the growth of its iPhone franchise. Exxon Mobil Corp. (NYSE: XOM), the largest energy company in the world, holds the second spot. The balance of the list includes America’s two large conglomerates, Berkshire Hathaway Inc. (NYSE: BRK-A) and General Electric Co. (NYSE: GE). The list also includes a number of consumer electronics public corporations and some of America’s large banks. Few if any tech companies would have made the list half a century ago.
Whether AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) are tech companies is a matter for debate. Land-line businesses continue to disappear, replaced by cellular and fiber to the home, fundamentally tech distribution operations.
The Online Investor list:
Large Cap Company Ticker Market Cap
($in billions)
Apple Inc AAPL 672.46
Exxon Mobil Corp. XOM 404.86
Microsoft Corporation MSFT 397.47
Alphabet Inc GOOGL 371.20
Alphabet Inc GOOG 364.30
Berkshire Hathaway Inc. BRK.A 349.70
Johnson & Johnson JNJ 304.43
Wells Fargo & Co. WFC 276.81
Wal-Mart Stores, Inc. WMT 273.88
General Electric Co GE 270.34
Procter & Gamble Co. PG 239.76
JPMorgan Chase & Co JPM 226.53
Chevron Corporation CVX 220.18
Verizon Communications Inc VZ 209.52
Facebook, Inc. FB 204.40
Coca-Cola Co (The) KO 193.69
Pfizer Inc PFE 191.79
AT&T Inc T 183.46
Oracle Corp. ORCL 181.33
Bank of America Corp. BAC 179.41
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