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In Forbes' 2016 ranking of the world's most valuable companies, Apple Inc. topped the list with a valuation of US$154.1 billion. The California-based company also reported the highest revenue, reaching US$233.7 billion.
Apple's valuation surpassed that of Google, ranked second, by 87 percent. Google, a subsidiary of Alphabet, held a valuation of US$82.5 billion. Microsoft, Bill Gates' technology company, secured third place with a valuation of US$75.2 billion.
The success of Apple, employing 92,600 people, is driven by global sales of its iPhone smartphones and Mac computers. The presence of several technology companies among the highest-valued firms marks the end of the oil companies' previous dominance.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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