Forget Apple. This Dominant Tech Company Could Be a Better Bet for the Next Decade. – Motley Fool

Apple is one of the best companies ever. It has been a front-runner in the technology sector ever since its early days and its products have helped propel its stock price, making it one of the largest companies in the world by market cap.

Despite its already massive size, Apple continues to report growth. Still, Apple’s size is weighing down on its growth rate and if the recent growth trend continues, it’s unlikely that Apple’s share price performance for the next decade can match the past.

Fortunately, there are many other leading tech stocks with better prospects than Apple that investors can consider. One of them is Tencent Holdings (OTC:TCEHY).

A smiling woman holds an armful of dollar bills

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The rise of a major tech company

Tencent is the No. 1 player in China across multiple business segments: online games, mobile messaging, online video, online payment, and music, just to mention a few. Its flagship social media app, WeChat, has 1.2 billion monthly active users (MAUs), behind only Facebook, which has 2.7 billion MAUs.

It didn’t begin as a sure-win business. It started as a one-product company focusing on QQ — an instant messaging software — in the late 1990s and early 2000s. The product became a hit among users, making it the de facto instant messaging software in China during the PC era. Tencent then went on to provide additional services — online games, entertainment,