Apple's Market Cap Is Higher Than The Combined GDP Of 140 Countries
Portfolio Pulse from Rounak Jain
Apple Inc. (AAPL) stock reached a new all-time high last week, reclaiming its $3 trillion market cap despite a current ban on some Apple Watch models. Apple's market cap surpasses the combined GDP of 140 countries, positioning it as the equivalent of the world's seventh-largest country by GDP. Apple's stock has surged over 57% in 2023, outperforming the S&P 500 and Nasdaq, and is set to close the year as the largest company by market cap, ahead of Microsoft Corp. (MSFT) with a market cap of $2.774 trillion.
December 21, 2023 | 12:08 pm
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NEUTRAL IMPACT
Microsoft Corp. trails Apple with a market cap of $2.774 trillion, as Apple is set to close the year as the largest company by market cap.
While the article mentions Microsoft's market cap, it does not provide specific news or events that would directly impact Microsoft's stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Apple's stock reached a new all-time high, reclaiming a $3 trillion market cap. The stock has seen a significant surge in 2023, outperforming major indices and maintaining a lead over Microsoft.
The all-time high and $3 trillion market cap signify strong investor confidence and market performance. The stock's surge and outperformance of indices suggest a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100