Apple's Market Cap Now Exceeds the Value of the Entire Russian Stock Market

[dgstorm]

Here's a fun factoid for mobile "fruit" fans. Apple's market cap value is now larger than the entire Russian stock market! Now, of course, it's important to note that not all of that is just because Apple is the most ridiculously successful tech company in the world right now. Part of that is because the Russian stock market has been taking a massive beating lately. This is partly because of the many sanctions Russia is under from the Western world over the shenanigans going on in the Ukraine. It is also because one of Russia's most important exports is oil, which is seeing a large decrease in global demand and price.

Regardless of the reasons, it's still an amazing figure. Apple's total market cap value sits at $652 Billion as of November 12, after rising by $147 Billion this year. In contrast, the whole of the Russian stock market has fallen this year by $234 Billion and is down to $531 Billion. Here's a quote that takes that valuation comparison even further,

If you owned Apple Inc. (AAPL), and sold it, you could purchase the entire stock market of Russia, and still have enough change to buy every Russian an iPhone 6 Plus.

The CHART OF THE DAY shows the total market capitalization of all public companies in the world’s largest country slipped below that of the world’s most-valued company for the first time on record. The gap, at $121 billion on Nov. 12, is about the price of 143 million contract-free 64-gigabyte iPhones, based on Apple Store prices.

Source: Forbes

 

[scifan57]

It'll be interesting to see if Apple becomes the first Trillion Dollar Company.

 

[iDan]

Wow, that's incredible.. where is the top in this stock!?

 

[Pinkpoison]

Love the golden apple.....Yes, I'm being a woman