As Apple Claws to $1 Trillion, Past Giants Haunt It
- iPhone maker rises toward milestone this week as earnings beat
- Microsoft, PetroChina held top rank for less than two years
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Apple Inc. may not have surpassed $1 trillion in market value in the wake of this week’s solid results, but it remains the world’s biggest company -- for now.
The iPhone maker’s shares jumped to $201.50 on Wednesday, leaving it about $27 billion short of the milestone. At that price, Apple is still holding on to its ranking as the largest firm on Earth, for a seventh year, trailing only General Electric Co. for time at the top. GE’s two runs during the 1990s and early 2000s totaled 11 years.