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Apple, Alphabet, Microsoft, and Amazon were the top four in market value as of March 29 this year, according to the list. They are followed by Berkshire Hathaway, Facebook, and JPMorgan Chase.

Arm cores are very power efficient, which makes them ideal for mobile computing and also appeals to companies running massive arrays of data centers like AWS, given their monthly electricity bills. However, they can’t yet match the raw performance of chips from Intel and AMD.

As China's monetary policy is currently "neither too tight nor too loose," overall liquidity conditions in the banking sector are good, it said in an editorial published on Saturday.

Apple did not provide sales figures for its watches, but Cook said sales had risen 50 percent from the year before and that the Apple Watch was now the best-selling watch in the world.

Argentine officials and scholars said the outcome of the congress can have a positive impact not just on China, but also on the rest of the world.