How Apple has surpassed Apple (AAPL) as the world’s biggest company
Apple is now the world most valuable company by market cap (market cap) and the world largest company by value (equity), according to data from data company FactSet.
Apple (AAS) had risen to number four by market capitalisation in March 2016 and has risen again since then to number seven in January 2017.
Its market cap in 2017 stood at $86.8 billion.
Apple has risen from number two to number one for the fourth year running, FactSet said in a report.
It was Apple that overtook Google (GOOG) as India’s most valuable firm, according to a similar report released in January.
Apple has risen 10 spots to number six, up from the fourth spot last year.
The tech giant has gained market share in India, becoming the third largest company in the country.
It has gained 4,908,000 units in the last year, according the data firm.
In the US, Apple has gained nearly 2,700,000 shares in the latest quarter, FactSue data showed.
Google (S Google) gained nearly 1,000,000 in the same period.
Apple was the largest stock in India in 2016 and it rose in 2017 from the third spot in its position in the market to number two, the report showed.
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