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Showing posts with label Tim Cook. Show all posts
Showing posts with label Tim Cook. Show all posts

06 March 2012

Apple is now more bigger than Microsoft and Google combined

Apple CEO Tim Cook: Apple's stock has soared to a market capitalisation of $460 billion this week, buoyed by results and rumours of new products. The company is now worth more than the entire U.S. Apple's stock has soared to a market capitalisation of $460 billion this week, buoyed by impressive results and rumours of new products around the corner. The tech giant's stock is worth more than the market capitalisations of rivals Google ($196.8bn)  and Microsoft ($256.1bn) combined.

Apple's profits recently passed $1 billion a week and the company now sells a million iPhones a day. Apple's market capitalisation only overtook Microsoft's in May 2010. 
Fortune magazine also pointed out the worthy statistics that Apple's stock is worth more than the gross domestic product of Sweden - $458 billion. Apple is worth more than all the gold in the American Federal Reserve - $350 billion, by Fortune's reckoning - and all the illegal drugs in the world, $321 billion. 

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