I did some quick research about Apple Inc.'s financials earlier today and figured I might as well post it here before closing those tabs:
Market Capitalization (aka marketcap) is the value of one share of a company multiplied by the number of shares in existence.
Apple's marketcap is currently sitting around 3.358 Trillion USD [1].
For context, this is approximately 183% of the marketcap of Alphabet (Google), which is 1.835 Trillion [2], or roughly 216% the expected 2025 budget of the US military
[3]As of the end of Q2 2024 Apple had 25.565 Billion USD in cash or cash equivalents
[4][1]: companiesmarketcap.com/inr/app…
[2]: companiesmarketcap.com/alphabe…
[3]: en.wikipedia.org/wiki/Military…
ansuz / ऐरन
in reply to ansuz / ऐरन • • •Earlier this year the EU issued apple a fine of 1.8 Billion Euro (~1.98 Billion USD) for abusive practices
[1]Google just lost an appeal [2] for a fine of 2.4 Billion EUR (~2.65 Billion USD) which was originally issued in 2017.
Meanwhile, another case has been going on with Apple since 2016 concerning 13 Billion Euros (~14.35 Billion USD) in back taxes owed to Ireland
[3][1]: ec.europa.eu/commission/pressc…
[2]: bbc.com/news/articles/cjw3e1pn…
[3] irishtimes.com/business/2024/0…
ansuz / ऐरन
in reply to ansuz / ऐरन • • •