Apple is the World’s Biggest Firm

Come next year and Apple is going to become the world’s biggest and the most valuable firm in the world. According to analysts, Apple in 2012 is going to propel itself to the top which means Exxon, which at the moment is worth 263 billion dollars and at the top will have to slip to the second place. According to analysts Apple’s sales, especially in the US are amazing which would increase the share price of Apple by 32 percent, thus taking its worth to 269.5 billion dollars. Exxon, which is basically an oil based company might not see the same rise in its share prices like Apple.

If a technological firm like Apple would top the list of corporates, then this is definite welcome change. The toppers of the corporate sector up to now have mostly been form banking, mining or the retail sectors.