Forbes has released its annual list of the world's most valuable companies and (un)surprisingly the table is topped by Apple. The magazine/website values the iPhone maker at a whopping $124.2 billion, a number that is more than double any other company on the list and much more than Cupertino?s rivals.
Forbes said Apple increased by 19% thanks to increased product sales and continued demand for the iPhone. Microsoft was the nearest of Apple's rivals in second place, but trailed far behind Cupertino at $63 billion, itself a 13% increase. Other tech companies include Google in third place ($56.6 billion), IBM in fifth ($47.9 billion), and Samsung in 8th ($35 billion).
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