Apple is worth more than all euro zone banks combined

“Let’s just all agree: Apple is enormous and taking over the world,” Jeff Cox repots for CNBC.

“How big?” Cox asks. “Here are some things that Apple, with a $668 billion market cap, is bigger than: All euro zone banks combined (and nearly the entire market cap of both the Latin American and EMEA (Europe, Middle East and Africa) MSCI indexes), according to Bank of America Merrill Lynch.”

Apple is worth more than “three times the total dollar value of beer consumed each year in the U.S.,” Cox reports. “[And] the equivalent of nearly eight months of what the Federal Reserve was creating during the third leg of quantitative easing.”

Read more in the full article here.

MacDailyNews Take: Beer? Did somebody say, “Beer?”

Good thing it’s always 5 o’clock somewhere!

[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]

23 Comments

  1. You and I are expected to pay our fair share of ‘taxes’, yet we are quick to laud and admire a company that has found a multiplicity of ways to avoid doing just that. We are indeed a morally sick society.

    1. Apple pays more US taxes than any American corporation; 1 out of 40 dollars paid to the IRS by corporations is paid by Apple. I suggest you focus your moral fury on GE, Verizon, Boeing, Exxon, Kraft, Dow, etc. who essentially haven’t paid any federal income taxes despite making countless billions of dollars in profits since 2008.

      1. Hey don’t forget Mr. Bezo. That billionaire only claimed something like $65k last year. Same with Stabucks owner and many other prominent business owners.

        Again, your comments are naive to how businesses and individuals get taxed and it depends on which state you live.

    2. Funny how Apple Haters focus on Apple and disingenuously ignore every other corporation doing business legally likewise. If you want to have any credibility please address the issue generally and stop picking on just Apple. You look like a prime doofus but I’m sure you’re used to that by now.

    3. What do you mean by “our fair share”? Please enlighten us by sharing your tax returns with us so we can see what your fair share is.
      By chance do you have a job where you work for a company? If so please make sure you include the taxes your company pays for you to work for them. Also, please include the business taxes they pay on their profits.

      This way we can compare what YOU pay and compare it to what your employer pays and/or Apple pays. Don’t forget Apple pays its investor as well. Billions upon billions and then those investors are taxed again.

      I think your comments might be a little naive. Legally you can’t tax one person or entity differently then the next because of prejudices. Not to mention, our laws csn not be inforced outside the USoA.

    4. This is the deal: statists like you abhor success and achievement. Since you don’t understand it, it’s your goal to destroy it and bring it down, it may well be the ugliest of all negative human traits.

  2. Huh?… I thought Beer o’clock was thirst related, not time related. Last Friday, it was at 3.30 and in plenty of time for ‘happy hour’…I take these things seriously.

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