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Apple, Google and Microsoft Worth More than Australia’s Stock Market

Apple, Google and Microsoft Worth More than Australia’s Stock Market
The total value, also known as market capitalisation, of Apple, Alphabet and Microsoft totals US$1.69 trillion as of October 2016.
Oct 26, 2016 By Simon Herrmann Tags: International Stocks, ASX, Analysis

The three largest companies by market capitalisation Apple Inc, Google parent Alphabet Inc. and Microsoft Corporation are worth more than Australia’s top 500 companies.

As of October 2016, the most valuable companies in the world are technology companies listed on the tech-heavy Nasdaq. The Nasdaq Stock market is the second-largest exchange in the world by market capitalisation behind the New York Stock Exchange.

 

Apple’s Market Cap Tops US$600 Billion

Despite the recent share price volatility, Apple's market cap remains well above US$600 billion. Apple's annual revenue fell for the first time in 15 years as iPhone demand slowed in a saturated smart phone market. With iPhone sales accounting for roughly two-thirds of revenue, Apple's flagship product is crucial to support the company's high valuation. Apple's services arm showed strong growth as revenue grew 24 per cent.

The total value, also known as market capitalisation, of Apple, Alphabet and Microsoft totals US$1.69 trillion as of October 2016.

 

Company

Market Cap in Billion

Apple Inc (AAPL.NAS)

US$ 640bn

Alphabet Inc (GOOGL.NAS)

US$ 574bn

Microsoft Corp (MSFT.NAS)

US$ 475bn

Total Market Capitalisation

US$ 1,689bn

 

As a comparison, the total index market capitalisation of the All Ordinaries, which is comprised of Australia’s 500 largest companies, is A$1.68 trillion which equals roughly US$1.3 trillion in US Dollar terms.

The ten largets companies listed on the ASX are worth only a fraction of Apple's market capitilisation. Find below a list of Australia’s 10 largest companies by market capitalisation:

 

Code

Company

Sector

Market Cap

Weight(%)

CBA

Commonwealth Bank of Australia

Financials

A$128.6m

7.63

WBC

Westpac Banking Corporation

Financials

A$102,9m

6.11

ANZ

Australia And New Zealand Banking Group Limited

Financials

A$82,8m

4.92

NAB

National Australia Bank Limited

Financials

A$75.2m

4.46

BHP

BHP Billiton Limited

Materials

A$75,2m

4.46

TLS

Telstra Corporation Limited

Telecommunication

A$61.9m

3.68

WES

Wesfarmers Limited

Consumer Staples

A$51,2m

3.04

CSL

CSL Limited

Health Care

A$48.6m

2.89

 

The ‘big four’ banks are the four most valuable companies on the ASX with a total market cap of nearly A$390 billion, making up over 23 per cent of the entire index.

The sector breakdown of the All Ordinaries illustrates the weight of each sector on the entire index. Financials is by far the largest sector followed by Materials and Real Estate. Information technology is the smallest sector in Australia. As a comparison, the sector with the strongest weight on the U.S. stock market is Information Technology.

Apple is Bigger than the Entire 1977 US Stock Market

Apple Inc is the most valuable company in the world as of October 2016. On 27th July Apple announced that it sold its 1 billionth iPhone which was originally launched in 2007. It took Apple less than a decade to cross the one billion mark.

With Apple’s market capitalisation now more than $600 billion, the website ‘Things Apple is worth more than’ (thingsappleisworthmorethan.tumblr.com) has compiled an interesting list to illustrate the enormous size of the technology giant. While this list may not account for inflation, we believe it is still amusing.

Some of the ‘things’ that are smaller than Apple include:

  • The entire 1977 US stock market
  • The United States Aircraft Carrier Fleet
  • The global coffee industry
  • The GDP of Denmark

 

Sources: Iress, www.allordslist.com, www.thingsappleisworthmorethan.tumblr.com

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Simon Herrmann Author: Simon Herrmann Oct 26, 2016

Simon is a financial analyst at independent research firm Wise-owl who wants to change the world by disrupting the cliché approach to investment decision making with convergent thinking. Wise-owl’s goal is plain and simple: Find the best opportunities for our members by following a proven methodology and to create long-term value through high-quality advice, innovation, technology and education. We combine industry experience and the agile mentality of a start-up. Wise-owl is the future of stock market investing.

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