The four other contenders — Amazon, Microsoft, Google, and Facebook — will likely take longer.
"In its most recent fiscal year, Apple had $229.2 billion in revenue and $48.4 billion in earnings, roughly as much as the second- and third-most profitable U.S. companies, Microsoft and JPMorgan Chase, combined."
David Rolfe, chief investment officer at Wedgewood Partners, which manages $25 billion: "You have to go back to Rockefeller and Standard Oil to find a company so dominant in a business so large ... [I]n many quarters, Apple collects more than 80% of gross profit across the smartphone industry."
The Barron's takeaway: "We don't think the peak is near. Apple seems to be escaping its product supercycle peaks and troughs to post more-consistent year-to-year growth."