Fact: Apple Is Now Worth More Than The Entire Russian Stock Market

Discussion in 'The Bar' started by dawg, Nov 17, 2014.

  1. dawg

    dawg In The Dog House Staff Member

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    It might seem a little odd that one single company is now worth more than the entire publicly traded market of a major economy. But that’s what has happened to Apple AAPL -0.18% just recently: that one single firm is now worth more than the entirety of the Russian stock market. However, this isn’t so much a story about how wonderfully Apple is doing (the valuation of Apple is still quite low going by the traditional numbers like EPS and so on), rather, it’s more of a story about how appallingly bad Russian public policy is.

    Here’s the Telegraph commenting upon it:

    Apple is now worth more than Russia’s stock market, new data have revealed.

    The US technology giant’s market capitalisation has overtaken the combined value of all Russian public companies for the first time in history, Bloomberg reported.

    Apple, the world’s most valuable company, has added $147bn to its market cap this year and was worth $652bn as of November 12. The shares closed up 1.2pc to $114.18 each on Friday.

    Russian equities have fallen $234bn to $531bn in the same period, Bloomberg data stated.

    http://www.forbes.com/sites/timwors...th-more-than-the-entire-russian-stock-market/
     
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  2. Shivvy

    Shivvy 100k Post Club

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  4. Sea Slob

    Sea Slob Well-Known Member

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    FYI that Russian dude is the richest person in the world no matter what Forbes says :grad:
     
  5. Dirty South

    Dirty South Large Member

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    In Russia, stock market trade you.
     
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  6. baltimore mike

    baltimore mike I wear panties 24/7 364

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  7. RenchFries

    RenchFries Official Dawgshed Dutch representative Gold

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    Holy shit.

    Apple should declare war on Russia.
     
  8. Stew Nod

    Stew Nod Hello VIP

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    Smoke and mirrors
     
  9. larryluncg

    larryluncg Empty VIP Gold

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  10. Lou Loomis

    Lou Loomis Feel the Gern

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    Let's buy all their beautiful, subservient women

    :lo5:
     
  11. Capn Crud

    Capn Crud The Pride of Cucamonga VIP Gold

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    Got in on AAPL at around $400 :yes:
     
  12. Vyb

    Vyb serial chiller Gold

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  13. beatlejaws

    beatlejaws nowhere poster

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  14. Droog

    Droog Well-Known Member VIP

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    I thought Russia was poised to take over the world because the US has become so weak. They sure hit the Olympics out of the park with that state of the art Olympic village. I can see why everyone is so worried about Russia.
     
  15. Chief2Kick

    Chief2Kick I'm all sixes & sevens & nines Staff Member

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    Apple stock - grotesquely over-valued.
    Russian stock - grotesquely over-valued.
     
  16. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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  17. Birddog

    Birddog Well-Known Member

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    I dated a russian broad for a few years in my 20's. Unbelievable sex drive and an awesome body. Like dating a bipolar chick without the crazy.
     
  18. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    The entire Russian economy, and therefore Russia's power in the world, is tied to the price of oil.

    I am sure that when Russia invaded the Ukraine one of the first phone calls from DC was to Riyadh, to tell them the price per barrel needed to start tanking.

    Once they build a pipeline from the PA fracking lands to the Atlantic Ocean, and start floating natural gas to Europe, Russia is gonna get fucked hard and the price of crude will go up again.
     
  19. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    "If they don't beat you, they don't love you". What Russian women would tell each other about Russian men.
     
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  20. Popeye Saavedra

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    You're the first Mexican that I ever knew who reads Forbes. Congratulations.
     
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