“It’s good to be Apple. Really good. As of this week, in fact, $700 billion worth of good,” Adrienne LaFrance reports for The Atlantic. “Apple’s closing price of $122.02 per share on Tuesday made it the first American company ever to cross that market-cap threshold.
“Apple has the financial influence of a not-even-that-small country at this point,” LaFrance reports. “The company’s $178 billion—$178 billion!—puts it on par with the gross domestic product of a country like New Zealand, surpassing the GDPs of Vietnam, Morocco, and Ecuador, according to the most recent World Bank data.”
LaFrance reports, “If Apple were a country, it’d be the 55th richest country in the world.”
Read more in the full article here.
Apple: $710 billion and counting – February 11, 2015
Apple hits new all-time high, becomes first $700 billion company – February 10, 2015