Apple, the largest company in the world, has been dominating the stock market for a while now. With a market capitalization of $759 billion, Apple is nearly twice the size of the next biggest publicly traded company, Microsoft, which is worth $393 billion. By itself, Apple constitutes 4.1 percent of the value of the S&P 500.
But as the New York Times pointed out yesterday, it wasn't so long ago that there was a stock that was even more dominant. In 1985, IBM's market cap was $209 billion, which was more than twice the size of Exxon, then Number Two at $89 billion. At that point, IBM made up a whopping 6.4 percent of the S&P 500.
IBM's market cap is now $167 billion - which means that Apple is now four and half times the size of the company that once dominated not just the market but the computer industry.
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