| SpartenOmega117 said: people are saying apple is the second largest company in the world. What is the first?? Microsoft? |
It depends on the measure. According to the Fortune 500, Apple is 56th:
http://money.cnn.com/magazines/fortune/fortune500/2010/full_list/
Wal-Mart is first, Exxon-Mobil second, and Chevron third.
I believe the "Apple is second" figure was based on market capitalisation, and is still wrong.
http://en.wikipedia.org/wiki/List_of_corporations_by_market_capitalization#2010
ExxonMobil, then PetroChina, THEN Apple (for Q3 2010). Microsoft's dropped to sixth for the quarter.
It's more a measure of investor confidence than actual company size, from what I've seen. It's authorised shares * share price. Apple's share price is enormous, but that doesn't make it a large company.
EDIT: I suppose it's also a measure of how much a company costs. But nobody's going to buy Apple. Apple also isn't going to buy Sony, which has a market cap of $24 billion (relatively low) and assets of $140 billion (triple those of Apple).











