Apple’s market cap is larger than South Korea’s GDP

If Apple’s market cap (currently $2 trillion) doubles from here, it’ll be larger than the German economy. *
(and Amazon and Microsoft aren’t too far behind)

Today, Apple’s value is already larger than economies of Italy, Brazil, Canada, Russia, Spain or South Korea.

It’s already nearly double that of Australia’s GDP.

Many speak about “big tech” being overvalued and perhaps so, but a more pertinent reason to consider before buying shares in such behemoths at today’s prices is the LAW OF LARGE NUMBERS.

And a couple years ago, I thought Exxon Mobil was a Goliath at $350 billion market cap…..

Investors may find more interesting investment ideas in the Mid Cap market. FYI, the average market cap of a stock in the S&P 400 Mid Cap Index is about US$4.7 billion.

* Germany’s annual GDP is $3.7 trillion.

p.s. we know that GDP isn’t an equal measure to market capitalisation, but it made me raise an eyebrow.

#aapl#amzn#nasdaq#midcaps

September 29, 2020
by Rob Zdravevski
rob@karriasset.com.au

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