“Apple is notoriously deft in retail. Its stores bring in by far more dollars per square foot of selling space, on the average, than any other retailer. But, as Tyler Durden at the blog Zerohedge.com noted, Apple’s market cap is $14 billion away from being bigger than the entire U.S. retail sector,” Erik Sherman reports for CBS News.
“Oops, sorry, that was with a market cap of $558 billion yesterday. As of this morning, Apple opens nearly 3 percent up with a market cap of $568 billion. Better make it $4 billion, or another day of optimistic trading, away,” Sherman reports. “Even though U.S. retail sales are conservatively about 26 times as large as Apple’s entire revenue, Apple is considered a far more valuable company by the market than the entire retail sector put together.”
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