Apple’s market capitalisation reached $505.1 billion yesterday – joining only five other US companies have ever had market caps larger than $500 billion: Microsoft, Cisco, GE, Intel and Exxon Mobil. According to the Wall Street Journal:
Three of the five companies who surpassed the $500 billion level topped out during the Internet boom in 2000. Excluding Exxon, the others are shells of what they used to be. Microsoft’s value is less than half of what it was and Cisco is 1/5 of what it had been at its peak.
There are only 19 countries in the world with a GDP over $500 billion.
Microsoft, Facebook and Google – combined – are worth $567 billion.