Apple the legendary company as of today had surpassed Exxon mobile to become the world's largest company with market capitalization of $337 billion ahead of Exxon's $331 billion.Exxon has held the top spot since 2005. 15 months ago Apple passed Microsoft to become the world’s most valuable tech company.
Apple's fairytale rise begins when steve Jobs returns to Apple in 1997.Jobs borrowed $150 million from Bill Gates to turn around Apple into a profit making machine.The sucess story started with smart-looking, easy-to-use MP3 player known as iPod which went on sales in October 2001.Apple unveils iTunes store which revolutionized the way people listen to music. Today, iTunes is the world's biggest music store which also sells TV shows and movies in digital version. iTunes store creates billions of revenue for Apple and its paricipating Music companies.
Another innovative product that dramatized the word is the iphone with the app store.iphone is the only product in the world where demand is more than the supply. Apple app store has 500,000 apps and Over 15 billion apps have been downloaded from Apple app store so far. Apple's iphone is the world's largest selling smartphone and the world is eagerly waiting for the latest release of iphone5
Apple launced iPad in April last year which sold more than 25 million iPads so far. Apple is just 30 years where as most fortune 100 companies are atleast a century old. Apple is expected to become the first business to reach $1 trillion mark.
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