And, greater than the gross domestic product of Taiwan, Belgium, Sweden, Poland or Saudi Arabia say the many headlines trumpeting the Mac, iPhone and iPad maker’s latest share price rise. Whereas Apple isn’t the first company to go this high, Microsoft was valued at $600 billion near the end of the dot-com boom, everyone’s favorite Cupertino, California fruit company has nearly $100 billion in cash and is one of the world’s fastest growing companies.
What could you buy with $500,000,000,000? According to Things Apple is Worth More Than, the United States entire interstate highway system cost less to build.
Although Apple’s breathing rather rarified air, CNN Money notes that General Electric, ExxonMobil, Cisco and Microsoft have all lingered for vary lengths of time above the half-trillion mark.That said, it’s a truly pity Steve Jobs didn’t live and run for public office.
For what it’s worth, Exxon’s current dalliance with the $500 billion valuation level is largely due to the high, high price of oil. Likewise, Microsoft stumbled above $600 billion at the height of the dot-com bubble when the company was at the height of its monopolistic powers.
For the haters, these examples are all cautionary tales vis-a-vis Apple and its amazing rise from mid ’90s also-ran.
As we stand here on the eve of the iPad 3, do you think Apple’s run is over?
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