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Technology company Apple is now worth as much as the 32 biggest Euro Zone banks..
That’s the stark result from a steep fall in the share price of banks including Spain’s Santander, France’s BNP Paribas, Germany’s Deutsche Bank and Italy’s Unicredit, compared to a steady rise in Apple’s valuation, according to Thomson Reuters data.
In contrast, Apple’s market capitalization has soared to $340 billion on the back of the success of innovative technology products like iPods, iPhones and iPads.
First Exxon Mobile, now 32 Euro Zone banks? Apple appears to be breaking a new market capitalization record once a week.
NeilS – I’m not sure if this is more of a commentary on Apple’s uncanny ability to produce a line of goods that have insatiable demand even in a terrible economy, or how bad the world banking system has become. Either way, I thought this might be a nice piece of quirky weekend news for our readers.
Apple is worth as much as all euro zone banks | Think on That!
That’s the stark result from a steep fall in the share price of banks including Spain’s Santander, France’s BNP Paribas, Germany’s Deutsche Bank and Italy’s Unicredit, compared to a steady rise in Apple’s valuation, according to Thomson Reuters data.
In contrast, Apple’s market capitalization has soared to $340 billion on the back of the success of innovative technology products like iPods, iPhones and iPads.
First Exxon Mobile, now 32 Euro Zone banks? Apple appears to be breaking a new market capitalization record once a week.
NeilS – I’m not sure if this is more of a commentary on Apple’s uncanny ability to produce a line of goods that have insatiable demand even in a terrible economy, or how bad the world banking system has become. Either way, I thought this might be a nice piece of quirky weekend news for our readers.
Apple is worth as much as all euro zone banks | Think on That!