Apple could swallow the entire Russian stock market whole

“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,” Srinivasan Sivabalan reports for Bloomberg.

“The value of Russian equities has slumped $234 billion to $531 billion this year, while Apple gained $147 billion to $652 billion, according to data compiled by Bloomberg,” Sivabalan reports. “The technology company’s innovation and brand value attract investors, while Russia’s political conflicts, sanctions and the threat of economic stagnation next year make them nervous, according to Vadim Bit-Avragim, a portfolio manager who helps oversee about $4 billion at Kapital Asset Management LLC in Moscow.”

“Russia faces a 70 percent chance of recession in the next 12 months, economists surveyed by Bloomberg project. The country is buckling under sanctions punishing its involvement in Ukraine, while a plunging ruble stokes inflation and the sinking oil price erodes export revenue,” Sivabalan reports. “Russia, the 20th largest among the world’s major markets, is not the only one Apple has surpassed. The company, which forecasts a record holiday-sales quarter and has $155 billion in cash, is also bigger than 17th-ranked Singapore and 18th-ranked Italy.”

Read more in the full article here.

Related article:
Apple is worth more than all euro zone banks combined – November 14, 2014

21 Comments

  1. I suggest you parse out the difference between the average citizen and the corrupt government under which they suffer.

    The Russian stock market is essentially the same as the ill-gotten wealth of friends of Putin and company. The real wealth of Russia is its natural resources, the value of which dwarfs Apple. Putin sits on a gold mine, and countries like China are happy to buy fuel & timber & uranium from Russia no matter how evil Putin is. The USA should put tariffs on Chinese imports since they refuse to honor the embargos that the democratic world has agreed to levy on evil governments, including Russia, Syria, and so forth.

    1. tales a lotta chutzpah to call any government evil with the likes of the present administration….I don’t think bombed families in Iraq, Afghanistan and Syria from undeclared US wars would agree with your assessment of who is evil.

    2. Putin is evil, but, to be fair, not because of international issues. He has saves USA from war in Syria last year by initiating and brokering chemicals deal with Assad (according to Obama’s own admission, it was Putin’s idea), and in Ukraine Putin acts very rightfully so, protecting people of South-East of Ukraine against illegal “government” that has send neo-Nazi gangs to murder “subhuman” (Nazi term) people there: http://www.youtube.com/results?search_type=search_videos&search_query=Nazi+in+Ukraine&search_sort=relevance&search_category=0&page=

      In fact, Putin actually does too little against Kiev’s puppet regime, not too much.

      1. Your synopsis of the Ukraine situation is twisted and just the type of bullshit Putin uses to try and justify his aggression against them. Under Putin, Russia is no longer a functioning democracy (if it ever was), with journalists jailed or murdered when they speak out, defectors murdered after they leave, annexation of Crimea, the murder of the passengers and crew of MH17, the list goes on. The use of the term “Nazi” to describe the people of Ukraine is just propaganda from a Russia that would like to be a USSR again.

        1. ANYONE can look through the link I cited and watch the Nazis with their own eyes. Nothing to do with Putin.

          Besides, you did not point our where exactly my synopsis is “twisted”/

          Crimeans have voted to reunite with Russia with observers from tens of countries watching (no guns or anything), it was not annexation (look at Saddam’s attempt to annex Kuwait in 1990 for example of actual annexation).

  2. “There are no nations! There are no peoples! There are no Russians! There are no Arabs! There are no third worlds! There is no West! There is only IBM and ITT and AT&T and Dupont, Dow, Union Carbide and Apple. Those are the nations of the world today, Mr.Beale.”

    – The movie “Network”. Almost.
    (…now I gotta go watch it tonight)

    1. The P/E of AAPL is 17.7 which is still lower than the S&P 500. AAPL also has a higher earnings growth rate than the market which means it is still undervalued and has much more room to run.

  3. If Apple could buy Russia, they could get rid of Putin, bring peace to Ukraine, compensate families who lost loved ones in the MH17 disaster AND give everyone an iPhone.

    Who’d be president? I’m sure Jony Ive would be up for it.

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