There’s no doubt about it: Apple is worth a lot of money. So much, in fact, that Cupertino’s market capitalization is now worth more than some countries, according to Fortune.
Valued at $733 billion at the start of trading today, Feb. 12, Apple is worth more than:
- The gross national product of Switzerland ($685 billion)
- The entire Spanish stock market ($664 billion)
- Google ($365.46 billion) and Microsoft ($349.89 billion) combined
- Four Apollo Space Programs (total $680 billion)
- Twenty National Football Leagues (total $653 billion)
Earlier this week, Apple became the first U.S. company to be worth $700 billion.
How high will it go for Apple? That depends on how well the Apple Watch does out of the gate, in my humble opinion. Were the wearable device to defy expectations, the company’s stock price (and worth) will continue to rise. Otherwise, I wouldn’t be surprised to see a modest pullback for Apple stock, at least until the “iPhone 6s” is released this fall.
Note: Market capitalization is the value placed on the company by investors. It is calculated by multiplying the share price by the number of shares outstanding.