In temporarily crossing the $400 billion mark during day trading yesterday, Apple has set a new record high for market value of technology companies. Exxon Mobile is the only company ahead of Apple with a value of $420 billion.
That means Apple has a higher gross domestic product of Greece, Austria, Argentina, and South Africa. The US is $13 trillion in debt, so in a certain sense, you can say Apple has more money than the States. In fact, we should just dissolve the government and have Apple govern us. iPads in every classroom!
Astonishingly, Apple is expected to announce that it sales increased by 45% this past quarter compared to the same period last year. And with iTV looming and its foreign investments thriving, Apple could catch Exxon very soon.
[via CNN]
