What Goes Up….
I continue to be astounded by Apple stock’s ability to defy gravity. Trendy and fashionable, this company is breaking records every day. But what happens when it goes out of fashion?
Just some perspective.
AAPL closed above $637/share today, giving the company a market value just shy of $600 Billion.
Which makes Apple, in relative stock value, equal to…
…Exxon ($396B) and Chevron ($204B) combined.
…Wells Fargo ($177B), JP Morgan ($168B), Citigroup ($100B), Bank of America ($93B), and Goldman Sachs ($57B) combined.
…Proctor & Gamble ($184B), Coca-Cola ($165B), PepsiCo ($103B), Kraft Food ($66B), Starbucks ($43B), General Mills ($25B), and Sara Lee ($13B) combined.
…Comcast ($79B), Disney ($75B), NewsCorp ($47B), TimeWarner ($34B), Viacom ($25B), CBS Corporation ($21B), Gannett ($3.5B), New York Times ($946M) and - oh - MICROSOFT ($262B) combined.
…Walmart ($205B), General Electric ($203B), McDonald’s ($100B), and VISA ($97B) combined.
I guess that makes sense, too. After all, we’re talking about the company that makes the iPad 3!
Dotcom Bubble TWO POINT OHHHHH
In the 90s, it was still a lot of big investors driving the action. Now, it’s every retail customer with an iPhone buying stock through Instagram.
Apple is bigger than the combination of America’s five largest banks. What do you idiots consider a “red flag?” I’m curious.
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