Wednesday, March 31, 2010

What Makes America Great

The Big Apple

Apple ($AAPL) now has a market cap of around $215 billion.  Incredible, and it couldn't have happened to a more deserving company - they've changed the world.

More astonishing than the number itself is the list of companies whose market caps have been eclipsed by the tech king...

Apple is now bigger than Berkshire Hathaway, General Electric, Proctor & Gamble, Johnson & Johnson, Google and JPMorgan Chase

The only companies larger right now are Microsoft, ExxonMobilWal-Mart. and

One other thing to consider - it all started with a device shaped like a deck of cards that was created to compete with the Sony Walkman - The iPod.  Think of how many millions of devices sold as a direct consequence of the triumph and mass adoption of iTunes and the iPod.  The dollar value created on the back of that product pairing is absolutely mindboggling.

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