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Businesses United Kingdom Apple

Apple Is Bigger Than Almost Any Stock Market In the World (cnbc.com) 79

Posted by BeauHD from the size-comparison dept.
"My friend Ben Carlson pointed out that Apple's current market capitalization of about $2.7 trillion this week exceeds the entire market capitalization of the United Kingdom, the third biggest stock market in the world," writes CNBC's Bob Pisani. From the report: Dimensional's Matrix Book is an annual review of global returns that highlight the power of compound investing. It's a fascinating document: you can look up the compounded growth rate of the S&P 500 for every year going back to 1926. Buried on page 74 is a chapter on "World Equity Market Capitalization," listing the market capitalization of most of the world, country by country. No surprise, the U.S. is the global leader in stock market value. The $40 trillion in stock market wealth in the U.S. is almost 60% of the value of all the equities in the world.

Here's where it gets fun. [...] Not only is Apple bigger than all 595 companies that list in the United Kingdom, it's bigger than all the companies in France (235 companies), and India (1,242 companies). Apple is twice the size of Germany's entire stock market, with 255 companies.
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Apple Is Bigger Than Almost Any Stock Market In the World More

Apple Is Bigger Than Almost Any Stock Market In the World

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  • This is market malfunction (Score:5, Insightful)

    by sinij ( 911942 ) on Thursday May 11, 2023 @08:32PM (#63515297)
    While there is no denying that Apple is a very valuable company, its products are a luxury. Therefore, Apple valuation deeply depends on everything else essential to work and most people having leftover money to spend. This is probably why Apple sits on a huge pile of cash - to have enough to survive through a calamity, when most people stop buying luxuries.

    • Why would people stop buying luxuries?

      There is more wealth in both absolute and pure capital terms now by orders of magnitude than all previous human history combined. Short of a global catastrophe that bring civilization back to the Stone Age there will always be a huge desire for luxuries.

      As far as Apple is concerned, the smart phone, tablet, etc, are not luxuries in our high tech world.

    • Re: (Score:1, Troll)

      by Swampash ( 1131503 )

      > Apple is a very valuable company, its products are a luxury.

      They're only regarded as a luxury by people who don't use them.

      • Eh..... I'm a fairly screwed on apple user. I work on a macbook and own an iPhone. (Though I also play games on a windows machine and own an XBOX. And my servers are all linux, all of which I'm comfortable are best tools in class for purpose).

        Its a luxury of sorts. I *enjoy* using a macbook, and appreciate its build quality and ergonomics. But if my macbook got stolen, in a pinch I could move to a linux machine and might even grow to prefer it if my stay with it was extended enough to get used to it.

        Its a l

        • if my macbook got stolen, in a pinch I could move to a linux machine and might even grow to prefer it if my stay with it was extended enough to get used to it.

          Oh, you would, because it would actually work right. That's why OSX isn't a luxury. It's not that great. Also, you need it to run OSX programs, that's not luxury, it's a requirement. Having a desktop or laptop at all, that's a luxury for most people, who could get by with their phone.

          • That's why OSX isn't a luxury. It's not that great. Also, you need it to run OSX programs, that's not luxury, it's a requirement.

            OS X is deprecated and has been since 2020. macOS is now on version 13.

            • Well, thanks for the update, but they haven't really changed enough to justify one major version bump, let alone three. Not to say that Microsoft has, though there it's important to have version numbers for each of their changes anyway so that you know what specific kind of hell you're about to enter.

      • They are luxuries in the sense that there are much less expensive alternatives for likely everything that Apple offers. And they may not work as well or as efficiently in some views, or they may have fewer features, but they still can get pretty much any job done.

    • Re:This is market malfunction (Score:4, Insightful)

      by arglebargle_xiv ( 2212710 ) on Thursday May 11, 2023 @11:02PM (#63515473)

      Meh, Zimbabwe is even bigger than Apple, I have a stack of their $100 trillion dollar notes somewhere.

      When you're dealing with made-up numbers you can easily make everything louder than everything else.

      • Re: (Score:1)

        by jjb3rd ( 1138577 )
        Except, they're not made up numbers. It's a publicly traded company, so you can actually see the numbers in question.

      • You should find that stack and either put it somewhere protected or sell them. The $100 trillion notes were only printed for a short time and have become collectible as a result. They routinely sell for over $100 per note at the moment.

        • Ah, just checked and they're only ten trillion, not 100 trillion. That is, it's ten, ten trillion dollar notes, so a total of 100 trillion, not each note in that denomination.

          I've also given a couple away to friends as thank-you's for favours. Never let it be said I'm cheap.

  • 30 percent (Score:3, Informative)

    by dkman ( 863999 ) on Thursday May 11, 2023 @08:33PM (#63515299)

    But they absolutely *must* charge 30% per transaction or they just couldn't survive another agonizing day.

  • It needs to be broken up. (Score:3, Interesting)

    by Anonymous Coward on Thursday May 11, 2023 @08:33PM (#63515301)
    If this is not a fantastic illustration of why this company needs to be broken up into pieces, I do not know what is.

    • Re: (Score:2)

      by HiThere ( 15173 )

      Sorry, but this isn't a good illustration of why Apple needs to be broken up. There probably are good examples, but just being successful and wealthy isn't it. (I don't pay enough attention to Apple to be able to name good examples, but I assume that exist as almost all large companies provide good examples. Abuse of power being the main thrust of most of them.)

      Note that just having power is not a good argument for breaking up a company. It's an indication that it should be broken up, because it CAN abu

      • Re:It needs to be broken up. (Score:4, Insightful)

        by SleepingEye ( 998933 ) on Friday May 12, 2023 @12:39AM (#63515593)
        Are you suggesting Apple isn't abusing it's power? Are you on crack?

        • Re: (Score:2)

          by HiThere ( 15173 )

          No, I'm saying that just being wealthy and powerful isn't proof that you abuse your power. Pick real examples. I'm sure they exist.

    • If this is not a fantastic illustration of why this company needs to be broken up into pieces, I do not know what is.

      Why?

    • If this is not a fantastic illustration of why this company needs to be broken up into pieces, I do not know what is.

      They're not a monopoly though.

      They could vanish tomorrow and the world would continue just fine without them.

      • Re: (Score:2)

        by Merk42 ( 1906718 )
        Why does being a monopoly matter? As in, why was that specification made in the first place?

  • UK market worth 4.63 trillion dollars (Score:5, Informative)

    by anonymous scaredycat ( 7362120 ) on Thursday May 11, 2023 @08:51PM (#63515329)

    According to https://www.statista.com/stati... [statista.com] the total market capitalization of all companies trading on the London Stock Exchange (LSE) is about 3.7 billion pounds(approx 4.63 trillion dollars).
    I would not be surprised if the values mentioned in the article for other stock markets are wrong as well.
    It took me less than 1 minute to find this, does nobody do even basic checks before writing stories like this?

    • Flaw in above is that the LSE does not just list UK companies. Also many UK companies list on multiple exchanges worldwide. Not sure how to work this out.

  • My friend Ben Carlson pointed out that Apple's current market capitalization of about $2.7 trillion this week exceeds the entire market capitalization of the United Kingdom,

    Ben Carlson and Bob Pisani seem to be pretty confused. The United Kingdom isn't a traded company so it doesn't have a market cap. Maybe he means the total market cap of all the companies listed on the London Stock Exchange, which is about 4 trillion pounds... so um, no. Also, do either of them somehow imagine that there are only 600 comp

    • Yes, I thought the UK number was a bit low and found the value of the LSE to be about 3.7 trillion pounds but later realised that the LSE lists stocks from many countries not just the UK. Also UK companies are listed on other stock markets around the world(including US markets) which makes the whole exercise a great deal more complicated. It is not clear how the numbers in the article were calculated but I think they are somewhat dubious.
      I suppose Apple's $2.7T market cap is the one number given that is not

    • These numbers are correct... to an ifan. Anything to bump up their valuation.

  • Even at that valuation, Apple would just scrape into the top five wealthiest companies of all time. I doubt anything will ever topple the OGs of capitalism like the Dutch East India Company.

  • Does anyone truly believe that Apple is worth nearly 7% of the US market cap? And, by extension, if the US is 60% of the global market capitalization, that Apple makes up 4% of it?

    Bubble anyone?

  • As you know appstore revenues for apps on iThings are magic. There of course the iThing that is very popular and the new iThing XS SE BS coming out with more shinyness. $3 trillion. Another option is that it's a good company and a market leader but everyone has piled into it from degenerate daytraders to billioners and it's actually severely overvalued and has peaked.
  • And in other news, the Pacific ocean contains twice the volume of the Atlantic and two and a half times the volume of the Indian ocean.

    Postulate that Apple decides to move off the Nasdaq exchange and on to the Nikkei. The above story means what now?

    Numbers are fun but understanding numbers can be hard.

  • And thank you so much for bringing up such a painful subject. While you're at it, why don't you give me a nice paper cut and pour lemon juice on it?

    (sold off Apple Stock when it finally broke $19, doubling my investment in the '90s)

  • I’m old enough to remember when Microsoft saved Apple from bancarrota just to keep a competitor alive so MS weren’t going to be a monopoly.

  • 'nough said. ForEx (currency) mkt is FAR larger.

  • 95% investors SUCCUMB to advertisements/herd mentality;
    They'll not ESTIMATE the intrinsic value/durability of competitive advantage/margin of safety;

    https://www.google.com/search?... [google.com]

    Invest in Individual STOCK only if it can beat the INDEX in your analysis https://twitter.com/Irrational... [twitter.com]

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