Apple rides iPhone wave to top value chart at $800bn

2017-09-11 17:02 - Lee Miller, Bloomberg News
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Bangkok - Apple’s ambitious upgrade to the iPhone this week comes a decade after the smartphone was unveiled, when energy companies made up half of the top 10 businesses globally and Apple was ranked much, much lower.

Now, worth more than $800bn, Apple is the world’s most valuable listed company and stands atop a list that’s dominated by technology, e-commerce and social-media enterprises.

This table shows the largest companies by market capitalisation at the dawn of the smartphone era on June 29, 2007, when the iPhone was released, and where they rank now.

In between, there was the global financial crisis, while the rise of Alibaba and Tencent reflects China’s climb to become the world’s second-largest economy.

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