The first in the information and high tech industry not paying dividends to grace the top spot of the S&P 500 list is Microsoft and that was in the late 1900s. Traditionally, the top spot on this prestigious list has always been cornered by companies in the natural resources, business clients, or the manufacturing industry and very rarely on end consumer sales. The impressive registry of the firms that held the top spot of the S&P illustrious list include AT&T, General Motors, General Electric, and IBM to name a few. However, if things go well with the current prices, Apple may join Microsoft and become the second non dividend-paying tech company to be placed on the number one spot on the list.
Last Friday, Exxon, the incumbent market cap leader, was surpassed by Apple by twelve percent on the trading floor. If the trend continues, Exxon may slip further and the sudden unprecedented shift may greatly affect the stock value of Exxon and Apple may eventually find itself the biggest firm in the world when it comes to market capitalization. Currently, Apple’s shares are down by almost $4 but understanding how volatile the market can be and things suddenly resume on an upward trend for Apple, surpassing Exxon Mobil’s total share value is inevitable for Apple and that would lead to the latter getting the top position on the S&P 500 index.
This amazing feat, if realized, would really be astoundingly startling to the retail world since it would take massive amounts of sales and popularity to match the stability of such huge companies such as Exxon Mobile which deals with oil, which we all know commands a greater need to run industries, one of which is Apple. And for a consumer sales company to unseat an enormous oil company from the S&P 500 driver’s seat is really an incredible achievement.
Microsoft’s ascent to the S&P top of the list was inevitable since at that time, and even at present, all types of industries use computers and with computers come software and with it comes Microsoft. At present, Microsoft still enjoys a comfortable lead in terms of computer sales against Apple and that is the reason why if ever Apple reaches the top spot on the A&P 500 index, then it has not only surpassed Exxon Mobile but at the same time Microsoft in the stocks and bonds arena.
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