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Tech Dominates World’s Most Valued Companies

American multinational technology company, Apple Inc., on Thursday hit the $1 trillion value mark.

The company, headquartered in Cupertino, California, became the first in the United States to achieve the trillion-dollar milestone after its stocks crossed $207.04 a share.

Its new all-time high is $208.38. The company is now up more than 20% this year.

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CNN reports that the tech giant rallied past the trillion level thanks to solid sales of the iPhone 8 and X — particularly in China and Japan — and surging services revenue from the App Store.

According to Market capitalization, here is a breakdown of the top-valued companies in the world.

As expected, Apple tops the standings with a little above $1 trillion market capitalization, cementing its place as the most valuable company in the world.

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Amazon (AMZN), Google owner Alphabet (GOOGL) and Microsoft (MSFT) have all rallied to near record highs this year, too. Amazon is worth $894.7 billion while Google and Microsoft are each now worth $857.8 billion and $825.8 billion respectively.

After suffering one of its worst trading days last week, plunging about 20 percent, Facebook is on fifth spot with a market capitalization of $509 billion.

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Completing the top 10, are billionaire businessman, Warren Buffet’s Berkshire Hathaway with $491.8 billion, E-commerce company, Alibaba ($473.3 billion), Chinese tech giant, Tencent ($428.4 billion).

Others are, American multinational investment bank, JP Morgan Chase, with $390.4 billion, and American pharmaceutical and manufacturing giant, Johnson and Johnson with a market capitalization of $352.1 billion.

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