As Apple claws to $1 trn mark, ghost of past giants who tumbled haunt it

Apple may be first to $1 trn, though GE spent more years in the top spot

Apple Inc may not have surpassed $1 trillion in market value in the wake of this week’s solid results, but it remains the world’s biggest company -- for now.

The iPhone maker’s shares jumped to $201.50 on Wednesday, leaving it about $27 billion short of the milestone. At that price, Apple is still holding on to its ranking as the largest firm on Earth, for a seventh year, trailing only General Electric Co. for time at the top. GE’s two runs during the 1990s and early 2000s totaled 11 years.

Room at the Top

Apple may be first to $1