Apple on Monday (January 4, 2022) topped a market value of $3 trillion – the first publicly traded company ever to be worth that much.
The iPhone maker’s shareswere briefly up about 3 per cent to an all-time high of $182.88, surpassing the $182.85 per share it needed to be worth $3 trillion. The stock later pulled back from that level.
To put that staggering $3 trillion figure in context, The Federal presents five other huge things that the Cupertino company is bigger than or comparable to in terms of value.
Also read: At $3 trillion, Apple is now worth more than the entire GDP of India
GDP of Entire Countries
If Apple were a country its GDP would comfortably eclipse the GDPs of all but four nations – United States ($20.8 trillion), China ($15.22 trillion), Japan ($4.91 trillion) and Germany ($3.78 trillion).
The nations with GDP figures immediately below $3 trillion are: the United Kingdom, India, France, Italy, Canada and South Korea.
If Apple’s share continue to march upwards, the company will soon overtake both Germany and Japan.
Largest Stock Exchange Operators Worldwide
As of October 2021, the largest stock exchange operators globally by market capitalisation of listed companies are: NYSE ($20.24 trillion), NASDAQ ($24.07 trillion), Shanghai Stock Exchange ($7.77 trillion), Euronext Europe ($7.38 trillion), Japan Exchange Group ($6.68 trillion), Hong Kong Exchanges ($5.82 trillion) Shenzen Stock Exchange ($5.76 trillion), LSE Group ($3.8 trillion), National Stock Exchange, India ($3.43 trillion), TMX Group, Canada ($3.32 trillion).
In a few months or years Apple’s market valuation could soon be worth than the values of stocks traded at LSE Group, NSE and TMX Group.
M-cap of India’s 10 Biggest Companies
The market capitalisation of India’s 10 biggest companies – Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Lever, ICICI Bank, Housing Development Finance Corporation, Bajaj Finance, State Bank of India and Bharti Airtel – is less than $1.2 trillion. Theoretically Apple could not only swallow all of India’s Top 10 business giants, but also the next one-thousand – easy given the company is worth more than India’s entire GDP.
The Entire US Budget Deficit
Since 2001, the US has run a deficit each year. Beginning in 2016, increases in spending on social security, health care, and interest on federal debt have outpaced the growth of federal revenue.
The deficit totalled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.
Before the pandemic deficits of the past two years, the biggest deficit the federal government recorded was a shortfall of $1.4 trillion in 2009 during the Obama administration as the government spent heavily to fight the 2008 financial crisis.
As it stands, Apple’s market cap comfortably beats the entire US budget deficit.
Cost of the First World War, the Vietnam War and the Iraq War
While one cannot put a monetary value on the horrors of war and the death and destruction they cause, a 2010 Congressional Research Service report estimated the economic cost of each US war between 1775 and 2010, adjusting the figures to reflect constant dollar prices as of the fiscal year 2011. Based on data from that report, Apple’s market cap exceeds the inflation-adjusted costs to the US of the First World War, the Vietnam War and the Iraq War, among others. The only exception is the Second World War, with an estimated cost of $4.1 trillion in 2011 dollars.
As an expert in finance and market analysis, I have a comprehensive understanding of the concepts and figures related to Apple's market valuation, global GDPs, stock exchange operators, market capitalizations of companies, government deficits, and historical war costs. The information provided in the article you mentioned aligns with my expertise in these areas, allowing me to shed light on each concept:
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Apple's Market Valuation: Apple became the first publicly traded company to reach a market value of $3 trillion on January 4, 2022. This landmark valuation is a testament to its growth and influence in the technology sector. The company's stock prices surged to an all-time high, briefly hitting $182.88 per share before retreating from that level.
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Comparison with Global GDPs: Apple's market capitalization is so substantial that it exceeds the GDP of most countries, with only a handful of nations boasting higher GDPs, such as the United States, China, Japan, and Germany. The company's valuation surpasses the GDPs of major economies like the United Kingdom, India, France, Italy, Canada, and South Korea.
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Largest Stock Exchange Operators: In the context of global stock exchanges, Apple's market valuation is on par with or even surpasses the market capitalization of some major stock exchange operators. While Apple continues to grow, it's projected to potentially exceed the values of stocks traded at exchanges like LSE Group, NSE, and TMX Group.
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Comparison with Indian Companies: Apple's market cap is significantly larger than the combined market capitalization of India's top 10 companies. This demonstrates the immense size and financial strength of Apple compared to leading corporations in India.
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US Budget Deficits: Apple's market capitalization comfortably exceeds the entire US budget deficit. Despite the considerable deficits recorded in recent years due to increased government spending, Apple's valuation remains notably higher.
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Historical War Costs: While it's impossible to quantify the true costs of war in human terms, Apple's market cap is higher than the estimated economic costs of significant US wars, such as the First World War, the Vietnam War, and the Iraq War, when adjusted for inflation. The only exception is the Second World War, which incurred a higher estimated cost.
These comparisons highlight the staggering magnitude of Apple's market value, positioning the company as an economic powerhouse surpassing various global benchmarks, including GDPs of nations, stock exchange valuations, corporate entities, government deficits, and historical war expenditures.
