The company with the largest market capitalization (or “market cap”) is currently Apple, Inc., whose market cap as of mid-2020 is over $2 trillion. Apple’s large market cap reflects its recent success in the consumer electronics and software markets. The company has become one of the most valuable companies in the world due to its focus on innovation, efficiency, and customer service.
Apple has also been able to leverage its brand name and strong presence in many countries around the world to maintain its position at the top of the market cap list. Other companies with large market caps include Microsoft, Amazon, Alphabet (Google’s parent company), and Facebook. Together, these five companies make up nearly 40% of the S&P 500 index. These five companies are some of the most recognizable names in technology and have been major drivers of innovation in the industry.