The world has been talking about Apple recently, as the company is making astonishing progress in more aspects than one. An updated tweet by The World Of Statistics recently revealed that Apple's market capitalization is now worth more than the combined market capitalization of 11 blue-chip companies, including Coca-Cola, Nike, and McDonald's.
Apple is Now Worth More than the Top 12 US Tech Companies Combined Together
This means that Apple is now, for all intents and purposes, worth more than the US top 12 tech companies combined. The tweet certainly surprised even the upper echelons of the tech community.
Tesla and Twitter CEO Elon Musk replied "Wow" to the tweet by The World of Statistics. Like many others, he was likely surprised that Apple had grown to such remarkable heights. Apple, for some time, has been known for being expensive.
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However, the company has captured the hearts of many loyal customers with its high-quality products. These customers buy Apple products because of their quality and out of a sense of "prestige"; this has helped Apple generate a tremendous amount of income.
The company also knows the importance of continuously releasing devices. Apple usually releases plenty of products almost every year. In January this year, it released a 14/16-inch MacBook Pro, new M2 Pro and M2 Max chips, and the new Mac Mini.
Apple is Expected to Launch Different Products Including the Mac Studio, Studio Display and More
Moreover, the company is expected to launch a Mac Studio, Studio Display, and iPhone SE that support 5G networks in March this year. Apple is eager to satisfy its loyal fans and ensure that its stocks remain afloat.
All of this is paying dividends, as evidenced by The World Of Statistics' tweet, and the company is now worth more than the sum of 11 blue-chip companies. This impressive feat was not only an eye-opener but also a reminder of the immense potential held by Apple.
Experts Estimate Apple to Rake in Q1 Revenue of $122.2 Billion
Though Apple doesn't release any financial information, Wall Street experts have predicted that the first quarter revenue will be $122.2 billion and $97.5 billion for the second, flat year-over-year.
According to their research, the companies Apple has surpassed in market capitalization are the following.
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Market Capitalization of the Top 12 Companies in the World
Coca-Cola Company: $259.82 billion,
Starbucks Corporation: $120.57 billion,
Nike: $196.33 billion,
Wal-Mart: $379.01 billion,
Exxon Mobil Corporation: $466.81 billion,
AT&T Corporation: $137.05 billion,
Visa, Inc.: $475 billion dollars,
The Walt Disney Company: $188.71 billion,
McDonald, $197.43 billion
Ford Motor Company: $49.85 billion
Netflix, Inc.: $152.42 billion
These 12 companies, as highlighted in an article by IT Home, combined achieved a market capitalization totaling a staggering $2.62 trillion. Apple's current market capitalization stands at $2.18 trillion.
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