With its entry into the smartphone industry in 2007, Apple diversified its portfolio, and since then, its market value has increased dramatically. The business soon ate up the market shares of once-dominant smartphone manufacturers like Nokia and Blackberry, and it routinely outperforms Samsung, its main rival, in the luxury smartphone market. The corporation has been operating in developing nations like India, where the general populace has always preferred affordability over elegance. The performance of the US-based corporation on international stock markets also reflects the strength of its brand. The company’s market capitalization increased by about 942 billion dollars in 2023 alone. This is approximately ten times Mukesh Ambani’s (94.5 billion dollars) net worth, who is the richest person in Asia.

The market value of Apple exceeds $3 trillion. All countries in the world, with the exception of six, have GDPs that are lower than Apple’s. The only countries with a higher GDP than Apple are the US, China, Japan, Germany, the UK, and India.

According to ET, the market capitalization of Apple is $309 billion, Microsoft is $2514 billion, Alphabet is $1551 billion, Amazon is $1,339 billion, Nvidia is $1045 billion, and Tesla is $895 billion.

According to the newspaper, the US has a GDP of $1,01,003 billion, compared to China’s GDP of 17963 billion, Japan’s GDP of 4231 billion, India’s GDP of 3385 billion, Germany’s GDP of 4072 billion, and the UK’s GDP of 3071 billion.

The market capitalization of the corporation exceeds the GDPs of France, Saudi Arabia, and Canada combined.

Nearly 3.2 trillion dollars were added to the market caps of Apple, Alphabet, Microsoft, Amazon, and Nvidia in 2023, which is comparable to India’s 3.5 billion dollar market value.

The combined market value of these five corporations is $9.4 trillion.

India is one of the most important markets for Apple. The company has plans to make India a manufacturing and export hub for its product. Earlier this year,

Apple opened its two mega stores — in Delhi and Mumbai. The two stores have been recording sales way higher than what the company estimated before opening the store.

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