iPhone manufacturer’s market value dwarfs not just companies, but nations

With a market capitalisation (m-cap) of $3.03 trillion, the technology giant would have ranked 7th if it was a country. Currently, there are only three countries in the $3-trn market-cap club—India ($3.5 trn), France ($3.3 trn), and the United Kingdom ($3.02 trn).

The smartphone giant sits ahead of the UK ($3.02 trn) and Saudi Arabia ($2.9 trn)

$100 bn

Net profit clocked by Apple in 2022, on an income of $394 billion, makes it America’s most-profitable company. For comp–arison, the net profit of India’s most profitable firm—Reliance Industries Ltd (RIL)—is less than a 10th of Apple at $8 billion