Apple to Overtake Combined Value of Companies in Spain, Greece, Portugal

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Posted April 11, 2012 at 8:46pm by iClarified | Please help us and submit a translation by clicking here | 5121 views

Apple's market value is about to overtake that of all the public companies in Spain, Greece, and Portugal combined which together make less profit than the U.S. company, reports Bloomberg.

The CHART OF THE DAY shows the equity capitalization of Cupertino, California-based Apple, the world's most valuable company, and that of the three European countries at the center of Europe's sovereign-debt crisis, according to data compiled by Bloomberg. The total market value of the nations' public companies in November 2007 was 11 times that of Apple's before $1 trillion was wiped off their shares.

Apple's net income during the past year was $33 billion, one billion more than the $32 billion of combined earnings reported by all the public companies in those three European countries.

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Comments (2)

Tdtran1025 - April 11, 2012 at 11:22pm

the upcoming line of iMac and MacPro will push them further into mainstream desktop. This would increase their revenue so much that it makes me sick. Looking further into future, if they rule the production efficiency by continuing investment in Chinese compamies, there's not a single company to compete directly. MS Win8 appears to be weak and both Linux Android are so fragmented to give any companies a clear advantage.

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Your-Moma - April 13, 2012 at 8:48am

Apple are top n we love it! Hope they gangbang google n Microsoft In the ass!

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