First Click: Apple's worth more than... everything
April 28th, 201570
Nothing is new, not even the proclamation that nothing is new is new. Yet here I am repeating it as a premise for giving you a list of things dwarfed by Apple’s financial scale. The construct has been regenerated so many times during Apple's meteoric rise that a tumblr called Things Apple is Worth More Than was created in 2011 when Apple was only worth a mere $340 billion, or about 45 days of global oil consumption.
In 2012 Apple’s market cap exceeded $500 billion causing CNNMoney to proclaim it more valuable than Poland. You know, the country.
By 2014 Apple’s market cap hit $668 billion. CNBC was “surprised” by seven things that Apple was more valuable than including 10,000 times the worth of Kim Kardashian. 9,000 times? Not surprising. But 10,000, whoa. Later that year when Apple’s market cap surpassed $700 billion, TheStreet.com was surprised by a full ten things that Apple was bigger than including Switzerland's GDP and four Samsungs.
This morning sees Apple stock at a new record high in pre-market trading pushing its market cap above $760 billion. That’s just shy of the combined value of Microsoft (passed by Apple in 2010) and Google (passed in 2008) worth $388 billion and $389 billion, respectively. Tim Cook’s Apple is now worth twice as much as Steve Jobs’ Apple three years after his death, with enough cash to buy all 319 million Americans a $599 stainless steel Watch.
Apple is by far the most valuable company on the planet. Even Exxon Mobil pales with a market cap of $364 billion. With China's help, Apple could quickly become the world's first $1 trillion company.
Now that would be something new.
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