Wednesday, February 29, 2012

Apple Worth More Than Poland

For the first time ever, in early morning trading, Apple's stock (AAPL) value reached over $500 billion. This makes Apple one of only five countries to ever be worth half a trillion dollars. This causes Apple to have a net worth higher than that of several third world countries' GDPs, even such countries as Poland, Belgium, Sweden, Saudi Arabia and Taiwan . Apple even has more cash-on-hand than the United States government. Despite the sheer size of the companies wealth Apple is still one of the world's fast growing companies growing 73% last year, a feat better than any tech company in history and second most of any U.S. company ever. To put this in perspective Apple was only worth $10 billion at the beginning of the last decade. Along with being one of the U.S. markets fastest growing companies, Apple is also relatively undervalued as compared to projected earnings  for 2012, even at it's current $543 per share. Much of this is in part to the companies innovative i-product line. iPods, iPhones, and iPads have set industry standards and are the highest selling among their product lines. Mp3 players were largely unheard of until the release of the ipod. For a look at other things Apple is worth more check out Things Apple Is Worth More Than.
Apple Worth More Than Poland











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