Saturday, July 31, 2021

Apple is a Massive Company

Apple is the biggest company in the world with a market capitalization with $2.4 trillion, as of yesterday. That's a lot of company. How much is a couple of trillion of dollars? This chart from the Visual Capitalist puts Apple's size into context:


In fact, Apple's market cap is bigger than the economies of all but seven countries, according to the IMF:


And it's not just the company's market cap that's hard to contextualize. The company just generates so much cash...it's a veritable money machine. As of Q1 2021, Apple was sitting on ~$200bn of cash and bonds!! Again, how big is that? How many companies can Apple buy?... Umm, Apple's cash pile can be used to buy 460 of the S&P 500 companies!



All the more reason this story about Elon demanding to be Apple CEO in return for receiving rescue financing to save Telsa is just so outrageous, but also just so "on brand" for Elon.

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Love Me Some Eminem

 President Obama living his best life ...at a rally for Harris. Lose yourself in cool.