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Apple’s Colossal Market Cap as it Hits $3 Trillion

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Apple’s Colossal Market Cap in Context

In January of 2019, Apple’s market capitalization stood at $700 billion.

While this was perceived as a colossal figure at the time, when we fast forward to today, that valuation seems a lot more modest. Since then, Apple has surged to touch a $3 trillion valuation on January 3rd, 2022.

To gauge just how monstrous of a figure this is, consider that Apple is no longer comparable to just companies, but to countries and even entire stock indexes. This animation from James Eagle ranks the growth in Apple’s market cap alongside top indexes from the UK, France, and Germany.

Let’s take a closer look.

Apple Takes On Europe

The three indexes Apple is compared to are heavyweights in their own right.

The FTSE 100 consists of giants like HSBC and vaccine producer AstraZeneca, while the CAC 40 Index is home to LVMH, which made Bernard Arnault the richest man in the world for a period of time last year.

Nonetheless, Apple’s market cap exceeds that of the 100 companies in the FTSE, as well as the 40 in each of the CAC and DAX indexes.

Stock/IndexMarket Cap ($T)Country of Origin
Apple$3.00T🇺🇸
FTSE 100$2.90T🇬🇧
CAC 40 Index$2.76T🇫🇷
DAX 40 (Dax 30) Index*$2.50T🇩🇪

*Germany’s flagship DAX Index expanded from 30 to 40 constituents in September 2021.

It’s important to note, that while Apple’s growth is stellar, European companies have simultaneously seen a decline in their share of the overall global stock market, which helps make these comparisons even more eye-catching.

For example, before 2005, publicly-traded European companies represented almost 30% of global stock market capitalization, but those figures have been cut in half to just 15% today.

Here are some other approaches to measure Apple’s dominance.

Apple’s Revenue Per Minute vs Other Tech Giants

Stepping away from market capitalization, another unique way to measure Apple’s success is in how much sales they generate on a per minute basis. In doing so, we see that they generate a massive $848,090 per minute.

Here’s how Apple revenue per minute compares to other Big Tech giants:

CompanyRevenue Per Minute
Amazon$955,517
Apple$848,090
Alphabet (Google)$433,014
Microsoft$327,823
Facebook$213,628
Tesla$81,766
Netflix$50,566

Furthermore, Apple’s profits aren’t too shabby either: their $20.5 billion in net income last quarter equates to $156,000 in profits per minute.

How Apple Compares To Countries

Lastly, we can compare Apple’s market cap to the GDP of countries.

Country (excluding Apple)Total Value ($T)
Apple$3.0T
Italy$2.0T
Brazil$1.8T
Canada$1.7T
Russia$1.7T
South Korea$1.6T
Australia$1.4T
Spain$1.4T
Mexico$1.3T
Indonesia$1.1T

What might be most impressive here is that Apple’s market cap eclipses the GDP of major developed economies, such as Canada and Australia. That means the company is more valuable than the entire economic production of these countries in a calendar year.

That’s some serious scale.

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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Visualizing Google’s Search Engine Market Share

Google’s dominant search engine market share has prompted the U.S. Justice Department to file a lawsuit over anticompetitive practices.

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Visualizing Google’s Search Engine Dominance

Google is ubiquitous in the daily lives of billions of people around the world, with leading positions in online search, maps, and other services.

In fact, Google’s dominance is so far-reaching, it has led the U.S. Justice Department to launch a civil antitrust lawsuit for what it believes are examples of anticompetitive and exclusionary conduct.

This graphic, which uses data from Similarweb, shows the scale of Google’s lead over major search engine competitors like Bing and Yahoo.

Global Search Engine Market Share

The data we used to create this graphic is provided in the table below. It is global search engine market share as of June 2023, across all platforms (desktop, mobile, and tablet).

Note that this analysis does not include China, where Google and other American tech firms are currently banned, or Russia, where Google has ceased operations.

Search EngineGlobal Market Share (%)
Google90.7%
Bing3.2%
Yahoo3.2%
Other2.9%

The largest player included in “Other” is South Korea’s Naver (0.48% global market share), which is similar to Google in that it offers a plethora of online services like search, video, and mobile payments.

Google Prepares for its U.S. Lawsuit

In January 2023, the U.S. Justice Department announced a civil antitrust lawsuit against Google for monopolizing digital advertising technologies.

Today’s complaint alleges that Google has used anticompetitive, exclusionary, and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising technologies
Merrick B. Garland, Attorney General

The Justice Department originally made several antitrust arguments. Potential actions that were deemed red flags include setting Google as a default mobile browser on Android phones, designing search results to disadvantage competitors, and the company’s ongoing partnership with Apple for its Safari browser. That said, some of the less substantial claims have since been dismissed by Judge Amit Mehta.

Google’s court case will begin in mid-September, marking the biggest tech monopoly trial since United States v. Microsoft Corp in 2001. Google is expected to argue that it simply offers a superior product.

Can Bing Challenge Google on Home Turf?

To answer this question, let’s look at U.S. market share over the past 12 months ending June 2023.

US Search Engine Market Share

From this chart we can see that Bing maintains a slightly higher 5.5% U.S. market share (versus 3.2% globally).

The biggest takeaway from this chart, though, is that Bing does not appear to have gained any traction in 2023, even after releasing its latest AI-powered version in February.

The new Bing is the result of Microsoft’s $10 billion investment into OpenAI at the beginning of 2023, which allows the tech giant to incorporate the immensely popular GPT-4 into its various products and services.

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