Apple world’s most valuable company at $2.4 trillion

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Hyderabad: Apple emerged as the world’s most valuable company, up 15 per cent to $2.4 trillion (tn) as of 15 July 2021. The ‘World’s Big Four’ comprising Apple, Microsoft, Amazon and Alphabet created a value of $4tn, driven by the growth in cloud services amid a maturing of the digital economy, as per the second edition of the Hurun Global 500 list.

Facebook and Tencent added $700bn, semiconductor giants Nvidia and TSMC added $600bn, whilst Tesla led the EV sector, adding $500bn of value. Between them, these 10 companies added $6tn of value, one third of the $18tn total value created in the almost two years since the pandemic began.

India has 12 companies in the second edition of the list, up one, led by Reliance Industries with $188bn, up 11 per cent, and Tata Consultancy Services with $164bn, followed by HDFC Bank with $113bn.

The Hurun Research Institute released the 2021 Hurun Global 500, a…

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