Apple Market Cap Surpasses Several Countries’ GDP

| Apple Stock Watch

Following yesterday’s Education Special Event in New York City, Apple’s (AAPL) stock briefly rose to an all-time high of US$431.37, resulting in a market capitalization of approximately $400 billion, a larger number than the gross domestic product of Greece ($311 billion).

Apple Market Cap Larger than Greece GDP

Image of Greece flag provided by Shutterstock.

As CNN Money reports, although Apple’s market cap fell to $398 billion by the market’s close, its impressive value, second only to Exxon Mobile (XOM), is still higher than the GDPs of Greece ($311 billion), Austria ($376 billion), Argentina ($368 billion), or South Africa ($363 billion).

Reaching the $400 billion mark is yet another milestone for the Cupertino company, whose meteoric rise over the past decade has shown no signs of slowing.

Apple's 10 Year Market Cap

Apple’s (AAPL) 10-Year Market Cap Change. Chart by YCharts.

With Exxon Mobile’s market-leading $420 billion market cap within Apple’s reach, it’s interesting to note that Apple’s closest trailing competitor, PetroChina (PTR), trails with a relatively distant $270 billion in market capitalization while longtime Apple competitor Microsoft (MSFT) follows at $235 billion.

Apple will report its first fiscal quarter results next Tuesday, January 24, 2012 at 2:00 PM PST. As mentioned by Reuters, analysts are predicting that Apple will announce sales growth of 45% compared to last year.

Apple is currently trading in the pre-market at $426.20, down 1.55 (0.36%).

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Comments

geoduck

This reminds me of the series Metalocolypse where the band Dethklok was financially bigger than Belgium.

But then maybe that’s just me.

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