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Apple Now Worth More Than All of Poland

Wednesday, 29 Feb 2012 09:50 AM

Apple's market capitalization has topped $500 billion, making it the largest company in the world.

Now it's bigger than most countries in the world, and not third-world ones either — Apple is worth more than the gross domestic product figures in Poland, Belgium, Sweden, Saudi Arabia, or Taiwan, CNNMoney reports.

Apple becomes the fifth company to make it to the half-trillion-dollar club, with past members including Microsoft, ExxonMobil, Cisco and General Electric.

Exxon broke $500 billion in 2007, when oil prices were rising, while Microsoft, Cisco and GE were granted access to the club in 1999, at the height of the tech boom.

Microsoft topped $600 billion in the past although the tech giant's market cap today stands at about $267 billion, CNNMoney adds.

Apple, it appears, isn't ready for a breather, either.

"Despite its size, Apple is still one of the fastest growing technology companies. The company reported in January that its sales grew 73 percent last year. It also posted the second-most profitable quarter in history for a U.S. company," CNNMoney reports.

Apple shares are trading well above $500 a share.

"One way to look at it, investing $10,000 into Apple in 2000 would be worth about $966,667 today. Even since December 2010, just a little over a year ago, Apple has increased by $230 billion, almost 98 percent," writes Chris Dumont, a financial research analyst and contributing author at Investopedia.com.

"Although still far from Microsoft's record, set in late 1999 at $600 billion, at Apple's current growth, it might not be too long before it holds that title as well."

Still, view the stock with some caution, Dumont adds, as the passing of Steve Jobs may hamper the company's famous innovation, while competitors won't stand idly by and applaud the company's success.

"Although not overpriced, it is not the growth stock it once was. It's not without its risks, so investors may be wise to hold onto it in hopes of a dividend and see where the ride takes them."

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2012-50-29
Wednesday, 29 Feb 2012 09:50 AM
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