Posted by Sean Doyle, September 24, 2010.
It's official. Apple Inc.'s (AAPL) market cap is now larger than the GDP of Thailand! As of now, the stock market values Apple at $ 267 billion dollars. In contrast, the Gross Domestic Product of Thailand, a nation of 66 million people, comes in at $ 263 billion. (By the way, Apple has about 34,000 full time employees. So if you do the math, each Apple employee is 2000x more productive to the world economy than an average citizen of Thailand...)
This is a phenomenal success story for Steve Jobs and crew. (Especially for a company that 15 years ago looked dead in the water). Who knows? Maybe Apple will become the first trillion dollar company in World history. At this rate who's to bet against them?
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