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

    Reputations:
    107,804
    Joined:
    Aug 19, 2010
    Messages:
    135,281
    Likes Received:
    119,576
    View attachment 20418

    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/
     
    DarkFriday and DogStar69 like this.
  2. Shivvy

    Shivvy VIP Extreme Gold

    Reputations:
    175,299
    Joined:
    May 23, 2011
    Messages:
    145,037
    Likes Received:
    75,041
  3. Sea Slob

    Sea Slob Well-Known Member

    Reputations:
    35,427
    Joined:
    Apr 25, 2012
    Messages:
    28,084
    Likes Received:
    19,946
  4. Sea Slob

    Sea Slob Well-Known Member

    Reputations:
    35,427
    Joined:
    Apr 25, 2012
    Messages:
    28,084
    Likes Received:
    19,946
    FYI that Russian dude is the richest person in the world no matter what Forbes says :grad:
     
  5. Dirty South

    Dirty South Large Member

    Reputations:
    9
    Joined:
    Jul 16, 2012
    Messages:
    24,627
    Likes Received:
    25,058
    In Russia, stock market trade you.
     
    alittlebitcunty and ZosoHitler like this.
  6. baltimore mike

    baltimore mike Well-Known Member POTY The Bar Gold

    Reputations:
    18,355
    Joined:
    Nov 17, 2010
    Messages:
    74,300
    Likes Received:
    17,064
    I must break you
     
    NipplesAndToes23 likes this.
  7. RenchFries

    RenchFries Official Dawgshed Dutch representative VIP

    Reputations:
    71,618
    Joined:
    Apr 9, 2012
    Messages:
    28,567
    Likes Received:
    33,872
    Holy shit.

    Apple should declare war on Russia.
     
  8. Stew Nod

    Stew Nod Well-Known Member Banned User

    Reputations:
    9
    Joined:
    Feb 9, 2012
    Messages:
    56,805
    Likes Received:
    42,857
    Smoke and mirrors
     
  9. larryluncg

    larryluncg Fuck you, that's my name VIP Gold

    Reputations:
    54,965
    Joined:
    Jun 28, 2012
    Messages:
    14,821
    Likes Received:
    13,792
    Dance puppets
     
    Stew Nod likes this.
  10. Lou Loomis

    Lou Loomis Feel the Gern

    Reputations:
    9
    Joined:
    Aug 7, 2012
    Messages:
    17,244
    Likes Received:
    9,719
    Let's buy all their beautiful, subservient women

    :lo5:
     
  11. Capn Crud

    Capn Crud The Pride of Cucamonga VIP

    Reputations:
    25,391
    Joined:
    Dec 13, 2011
    Messages:
    68,847
    Likes Received:
    12,068
    Got in on AAPL at around $400 :yes:
     
  12. Vyb

    Vyb serial chiller Gold

    Reputations:
    5
    Joined:
    Sep 16, 2010
    Messages:
    43,535
    Likes Received:
    1,303
  13. beatlejaws

    beatlejaws nowhere poster

    Reputations:
    0
    Joined:
    Dec 13, 2011
    Messages:
    54,248
    Likes Received:
    5,623
    [​IMG]
     
    JumboWop and ZosoHitler like this.
  14. Droog

    Droog Well-Known Member VIP

    Reputations:
    19,599
    Joined:
    Jan 15, 2012
    Messages:
    17,607
    Likes Received:
    23,414
    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. Chief

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

    Reputations:
    30,549
    Joined:
    Sep 19, 2010
    Messages:
    47,865
    Likes Received:
    21,762
    Apple stock - grotesquely over-valued.
    Russian stock - grotesquely over-valued.
     
  16. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    204,546
    Joined:
    Jul 6, 2011
    Messages:
    199,164
    Likes Received:
    130,841
    [​IMG]
     
    JumboWop likes this.
  17. Birddog

    Birddog Well-Known Member VIP

    Reputations:
    586
    Joined:
    Jan 8, 2014
    Messages:
    1,887
    Likes Received:
    3,648
    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 King Maker VIP

    Reputations:
    111,676
    Joined:
    Jan 15, 2012
    Messages:
    54,769
    Likes Received:
    101,399
    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 King Maker VIP

    Reputations:
    111,676
    Joined:
    Jan 15, 2012
    Messages:
    54,769
    Likes Received:
    101,399
    "If they don't beat you, they don't love you". What Russian women would tell each other about Russian men.
     
    RenchFries likes this.
  20. Popeye Saavedra

    Popeye Saavedra Well-Known Member

    Reputations:
    0
    Joined:
    Jan 18, 2012
    Messages:
    37,710
    Likes Received:
    2,138
    You're the first Mexican that I ever knew who reads Forbes. Congratulations.
     
    RenchFries likes this.