Apple & Google are worth more than the entire Russian stock market

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Apple & Google are worth more than the entire Russian stock market

Post by Admin on Mon Feb 27, 2017 12:59 pm

The news is from 2014 but there is an important lesson to be learnt. How companies can surpass an entire country's stock market and Economy in value.



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17/11/2014 - 17:52:53Back to Business Home

Russia has been hit with a range of political sanctions recently, while Apple products remain pretty popular.
In fact, both of these things are so true that Apple stock has now surpassed the value of the entire Russian market combined. The gap is so big that the money left over would be more than enough to buy every single Russian a 64 GB iPhone 6 Plus contract-free.
This is according to Bloomberg, who got their calculators out and used their Chart of the Day to show the difference between the two.
According to the financial news site the gap was $121 billion on November 12. and this happened in the wake of the Russian market losing more than $230 billion in value this year – put down to political conflict and the resulting sanctions placed on Russian business.

Apple on the other hand has gained $147 billion in a year where the Cupertino-based firm has introduced two new iPhones, two new iPads, the mobile payment system Apple Pay and announced the upcoming Apple Watch, their first piece of wearable technology, which will go on sale early next year.

While Russia is perhaps the most notable market that Apple has surpassed, it has also gone past the markets in Singapore and Italy, who happen to be the 17th and 18th biggest markets in the world respectively.
Shows what record iPhone sales of 40 million can do.
KEYWORDS: Apple, Russia, stock market
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Re: Apple & Google are worth more than the entire Russian stock market

Post by Admin on Mon Feb 27, 2017 1:06 pm

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RUSSIA
Google Is Now Worth More Than the Entire Russian Stock Market
Justin Worland
Dec 18, 2014
Google is now more valuable than the entire Russian stock market. Russia's stock market is now worth $325 billion while Google is valued at more than $340 billion, according to Bloomberg.
The news comes as Russia's currency, the ruble, continues to stumble under pressure from declining oil prices and western sanctions. Russia's gold reserves have also declined to their lowest point since 2009.
Google joins an elite list of companies, including Exxon Mobile, Microsoft and Apple, worth more than the entire Russian market.
A subway themed conference room where Googlers can video conference with other Google offices around the world.
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Eric Laignel—Google
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