Apple became the first company to surpass the $3 trillion market capitalisation on Monday, with its shares soaring up as much as 3 per cent to hit a record high of $182.88 on the Nasdaq, according to the data from the stock exchange. As Apple achieved this feat, the market capitalization of the world바카라™s most-valued company has become either equivalent or more than the Gross Domestic Product (GDP) of several major countries, including that of India whose GDP is $2.72 trillion and the United Kingdom whose GDP is $ 2.83 trillion.
According to the data by International Monetary Fund, only four countries바카라” the USA, China, Japan and Germany have higher GDP than Apple바카라™s $ 3 trillion market valuation. The GDP of the USA stands at $20.72 trillion, whereas China바카라™s GDP is $ 13.4 trillion, Japan바카라™s GDP is $4.97 trillion and Germany바카라™s GDP stands at $ 4 trillion, respectively. Apart from India and UK, other major countries with lesser GDP than Apple바카라™s market capitalization include France, Italy, Brazil and Canada.
Apple shared the $2 trillion club with Microsoft Corp, which has a market valuation of $ 2.5 trillion. Apart from these two tech giants, the market valuation of Alphabet Inc is $ 1.92 trillion, the market valuation of Amazon.com is $ 1.73 trillion and Tesla Inc has a market value of $ 1.21 trillion. The Saudi Arabian Oil Company, Saudi Aramco, has a market valuation of $ 1.9 trillion.
Apple which was founded by Steve Jobs is known for its hallmark, iPhones, which have become a sensation across the globe, ever since their launch in 2007. The company also offers products like Macbooks, iPads, and air pods among others. After Apple바카라™s current CEO Tim Cook took over the company in 2011 following Jobs death, a sharp surge in the company바카라™s revenue was witnessed from video streaming and music services.
