A Cautionary Tale for Apple, World’s Largest Corporation
Friday, March 16, 2012
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.