Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)

Justice wanted

(2,657 posts)
Wed Feb 29, 2012, 08:02 PM Feb 2012

Apple worth MORE than the GDP of Poland and Saudi Arabia. [View all]

http://finance.yahoo.com/blogs/daily-ticker/apple-now-worth-staggering-500-billion-hit-1-172209227.html

Apple (AAPL) crossed an amazing milestone in after-market trading yesterday, when its market capitalization exceeded $500 billion for the first time. To put this in perspective, the tech juggernaut is now more valuable than the gross domestic product of Poland, Belgium, Sweden and even Saudi Arabia.

Apple is one of the only one of four companies in history to break this mark, and unlike others that have briefly traded in this neighborhood--Microsoft (MSFT) and Cisco (CSCO) --Apple has the potential to not only sustain this value but blow past it.

_______________________________________________________________________________

I'll be honest I got a C in economics in high school I understand the very general min. I mean I understand when our economy is effected and understand general concepts BUT this scared the HELL out of me.

You have a Company who is WORTH more money than a countries GDP. Something is either seriously wrong in the world or me.

Humble opinion here...Maybe this is part of the reason why we have the recession and situation we have in the world today.
14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»General Discussion»Apple worth MORE than the...