Apple's Market Cap Now Exceeds the Value of the Entire Russian Stock Market

Discussion in 'Apple iPad News' started by dgstorm, Nov 17, 2014.

By dgstorm on Nov 17, 2014 at 1:54 PM
  1. dgstorm

    dgstorm
    Expand Collapse
    Editor in Chief
    Staff Member

    Joined:
    Jul 27, 2011
    Messages:
    619
    Thanks Received:
    144
    [​IMG]

    Here's a fun factoid for mobile "fruit" fans. Apple's market cap value is now larger than the entire Russian stock market! Now, of course, it's important to note that not all of that is just because Apple is the most ridiculously successful tech company in the world right now. Part of that is because the Russian stock market has been taking a massive beating lately. This is partly because of the many sanctions Russia is under from the Western world over the shenanigans going on in the Ukraine. It is also because one of Russia's most important exports is oil, which is seeing a large decrease in global demand and price.

    Regardless of the reasons, it's still an amazing figure. Apple's total market cap value sits at $652 Billion as of November 12, after rising by $147 Billion this year. In contrast, the whole of the Russian stock market has fallen this year by $234 Billion and is down to $531 Billion. Here's a quote that takes that valuation comparison even further,

    Source: Forbes
     

Comments

Discussion in 'Apple iPad News' started by dgstorm, Nov 17, 2014.

Share This Page



Search tags for this page

apple shares exceed all-russian shares

,

apple value va russian market