In the big scheme of the last 10 years it makes sense that Exxon $XOM is the largest company in the world and Apple $AAPL is the second largest.
That said, Apple has passed some amazing companies to get into second spot and really are not far from top dog.
Apple sells personal and computer electronics to a fraction of the world while Exxon is a Global 130 year old oil company. That’s mind blowing. Everything Apple, builds, ships and sells is made possible by oil.
What does this say about the potential for Apple, what does this say about the future of oil?
Is Peak oil in process cutting into Exxon’s long-term value?
In a stable market it would seem that Apple should pass Exxon in the next year and those that argue Apple can grow based on law of large numbers will be proved wrong.
It seems to me that Apple will take over and hold top spot for years to come.
It would be cool to see the next number 3 Company emerge as a cloud company to bring things full circle from the underground (oil) to the open sky ‘cloud’.
It will probably be Facebook.
Disclosure – Long Apple