There are dozens of headlines recently about the fact that Apple could be the first company to have a $3 trillion market cap. These miss the point. What is more telling is how Apple’s market cap relates to those other public companies with market caps over $1 trillion.
Apple’s current market cap is $2.98 trillion. The third largest company based on a market cap is Alphabet, owner of Google and YouTube, at $1.52 trillion. In fourth place, Amazon has a market cap of $1.31 trillion.
Why is Apple’s market cap so much higher?
This post originally appeared on 24/7 Wall Street.