Apple is now worth more than Russia’s entire stock market

By

AAPL's valude
AAPL shares are soaring. Photo: Buster Hein/Cult of Mac

AAPL shares closed at an all-time high yesterday, putting the company’s market cap at $663.2 billion. Never before has Apple been so profitable. In fact, Apple makes so much money, it’s now worth more than the entire Russian stock market.

Check out the chart below:

i0Y.1dwIjCz4

Russia, the world’s 20th largest major market, was surpassed in value by the iPhone maker yesterday, reports Bloomberg’s Mark Barton. And not only could Apple buy the entire Russian stock market, but it’d also have enough chump change to give every Russian a 16GB iPhone Plus.

Apple shares have risen steady over the last week, breaking Apple’s previous all-time value of $658 billion in September 2012. In a recent interview, Jony Ive downplayed the company’s value, stating that the focus is to desperately make great products.

The value of Russian equities have slipped to $531 billion, while Apple is now at $667.2 billion at the time of reporting. Russian is not the only country Apple’s topped recently though. Singapore and Italy are now worth less than Apple as well. And with holiday sales coming around the corner, I have a feeling a few more countries might get passed up pretty soon.

Source: Bloomberg

Deals of the Day


  • aardman

    Expect more provocative actions from Putin as he tries to scare up oil prices to counteract the price squeeze that the US is orchestrating courtesy of a quid-pro-quo with Saudi Arabia. (Crash oil prices and gut Putin’s ability to make mischief and we’ll take on ISIS)

  • CelestialTerrestrial

    What large corporations are based in Russia? Who’s their GE or Bosch, or Microsoft, or Intel, or Apple, or GM, Ford, McDonalds, etc. What products are made by Russian companies that are sold world wide? Smirnoff? Russia just doesn’t have a lot of large Global corporations in the top biggest industries.

    • Aannddyy

      They make weapons for despots ( the ones we don’t current sell to, much), and Russia also has a booming cold long stare industry… and porn, those last two go together.

    • Mykola

      Smirnoff is not a russian-made vodka, so they don’t even have that…

    • NoNonsense74

      remember they have top hackers there !!!! LOL !

  • Mark D’Andrea

    That is so F’n funny!!!! Cheers – Putin. Nobody likes a BULLY!!!!

    • Mykola

      Smirnoff is not a russian-made vodka…

  • Tallest Skil

    “Oh no,” cry the insane, “the United States is losing its position as the world’s most powerful economy!” And yet things like this prove the sheer dependence of the rest of the planet on us. Imagine if we had a tax holiday for all funds left to be repatriated. The foreign banks holding those funds would be completely destroyed. Can you say run?

  • Bilbo

    Holy bad grammar Batman