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TOP 20 MOST-VALUABLE TECH FIRMS
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Tech companies are proving themselves more resilient than others to the current concerns surrounding the global economic situation, with the sector outperforming the wider stock market. The success of the tech sector is highlighted in particular by one company – Apple. The firm’s value has soared since the end of 2004, when its shares were worth USD32.3, hitting a high of almost USD450 this month following its record-breaking Q4 earnings. It continues to bring out hit product after hit product and has made early moves into lucrative markets such as online music and apps. The firm remains far and away the largest US tech company by market capitalisation, having exceeded Microsoft in May 2010, with its value standing at almost USD422bn. That figure was high enough to see it overtake ExxonMobile last week to become the largest US company by market cap, with the two firms jockeying back and forth since August 2011, when Apple first surpassed the oil company.
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