A Cautionary Tale for Apple, World’s Largest Corporation

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Apple continues to grow and the technology giant recently reached an exalted spot, becoming the world’s largest corporation, as measured by market capitalization (the total value of all of a company’s tradable shares).

A lot of stock experts say Apple’s stock is ripe for picking – still undervalued – but James B. Stewart, business columnist for The New York Times, considers what happens to companies that hit number-one on the market-cap tally board. He looks at market history and wonders if Apple isn’t destined to shrivel, at least a little bit.