Apple’s market cap is bigger than the combined market caps of all companies listed on African exchanges, including the JSE.
Apple, which is known for its iPhone and Macbook devices, is the world’s largest company, with a market cap of $2.21 trillion (R39 trillion).
To put this number in perspective, it is five times higher than South Africa’s gross domestic product (GDP).
Apple’s makes most of its money from the iPhone, with $205 billion (R3.6 trillion) in sales per year.
It also makes $78 billion from services, $41 billion from wearables, $40 billion from Mac sales, and $29 billion from iPads.
The company makes most of its money in the Americas, followed by Europe, China, Japan, and Asia Pacific.
Over the last year, Apple recorded a net income of $100 billion (R1.8 trillion).
Apple is currently larger than three other tech giants – Amazon, Google, and Facebook – put together.
Another way to express Apple’s size is to compare it to the market cap of all companies listed on the JSE and other African exchanges.
Apple is almost double the size of the entire JSE, which has a market cap of $1.14 trillion. If you add all other stock exchanges in Africa, it only gives you another $223 billion.
It means that Apple, with a market cap of $2.21 trillion, is larger than all the companies listed on African stock exchanges combined.
The table below shows the stock exchanges in Africa, with their values, compared to Apple’s market cap.
|Country||Exchange ($ million)||Apple ($ million)|