Tech, Particularly Apple, Still Dominate Market Cap List

Investing

Published: April 6, 2016 6:57 am

Last Updated: January 13, 2020 11:07 am

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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