“This past week was a monumental time for Apple Inc.,” Jon C. Ogg writes for 24/7 Wall St. “With a close of $101.32 and a whopping $606.7 billion market cap… the market valuation now puts Apple at worth more than General Electric Co. and Wal-Mart Stores Inc. combined — with an extra $100 billion in market cap to boot!”
“GE is the top conglomerate, outside of Berkshire Hathaway, and Walmart is the world’s largest retailer. Apple made more than GE and Walmart combined in net income last year, despite sales expectations being less than half of Walmart and only about 20% higher than GE,” Ogg writes. “Apple’s employee headcount is one-sixth that of GE and one-40th that of Walmart.”
Read more in the full article here.