Ten years ago, if you asked 1,000 investors to pick out 5 stocks that would be possibly the biggest company in the world, I doubt very much Apple would be even on any of the shortlist. Now Apple looks likely to be near enough to overtake Exxon Mobil. Its fascinating, one company has billions in real assets in the ground and millions of tons of expensive heavy machinery. The other just have Steve Jobs. Now both are jostling for the bragging rights to be the world's biggest company in market cap.
One would have thought Microsoft had a shot 20 years ago, or even Google had a shot 3 years ago. Don't worry, you will know exactly when Apple overtakes Exxon .... all the media will be blaring out that momentous occasion.
Bespoke Investment Group: A year or so ago, Apple (AAPL) eclipsing Microsoft (MSFT) in size was starting to look possible. It became reality a few months ago. Now Apple has its sights on Exxon Mobil (XOM) as the biggest company in the world. Below is a chart of the market caps for Apple and Exxon Mobil going back to 2000. As recently as 2008, the comparison between the two was laughable. Now they're nearly on par with each other and rank as the #1 and #2 biggest companies in the world. A move into the $300s for Apple and some sideways action for Exxon would make Apple #1.
Imagine the question mark that would have popped up in your head had someone said 10 years ago that Apple would be the biggest company in the world but still have less than 10% of the PC market? There isn't a "pc" in "biggest," but there surely is an "i".
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