Written byShiladitya Ray
Just prior to Apple's landmark achievement, the company announced strong Q3 results, and said that it was sitting on a colossal cash reserve of $250bn+.
These are mind-boggling figures, but what do they mean? Exactly how rich is Apple?
Let's start with the US.
The 2018 US budget accounts for estimated revenues in the range of $3.6 trillion and expenses of $4 trillion.
That puts Apple's market cap at a quarter of the entirety of US federal operations for a year.
Meanwhile, with its $250bn+ cash reserves, Apple alone could run the US government for a considerable two weeks.
Moving on to the larger picture, where does Apple's $1 trillion market cap put it globally?
Well, for starters, Apple's $1 trillion market cap is larger than the GDPs of 174 countries in the world, including high-income nations like Switzerland, the Netherlands, oil-giant Saudi Arabia, and even the latest entrant in the trillion-dollar-economy club, Indonesia.
For perspective, the world has 195 countries.
Closer to home, Apple could, with its $250bn+ cash reserve itself is more than the market cap of India's two most valuable companies, Tata Consultancy Services ($110bn), and Reliance Industries ($108bn), combined.
Additionally, with its cash reserves, Apple could buy Reliance Industries, Maruti Suzuki, Infosys, and Airtel in an all-cash deal and still have enough left-over cash to buy every Indian a JioPhone.
Okay, Apple is bigger than major Indian businesses combined, but how does it compare to the government?
If the 2018 Union Budget's estimated total expenses of roughly $430bn is considered, Apple, single-handedly, could run the Indian government for a whopping seven months!
Additionally, Apple's market cap is equivalent to one third of India's expected $2.8 trillion GDP in 2018.
As an aside, how rich would you have been if you had invested in Apple?
Well, if you had invested $10,000 in Apple in January 1984 when the Macintosh was launched, your investment would have been worth $3.8mn today - a 380-fold increase!
A $10,000 investment, had it been made during the 2007 iPhone launch, would be worth $114,260 today - even that's considerable.
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