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.