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With $2 trillion market cap, Apple tops GDP of Brazil, Australia, Canada and more

Apple now accounts for close to 7 percent of the S&P 500’s total market value. Its market capitalization is about to catch up with the combined values of the S&P 500’s 200 smallest companies.

August 20, 2020 / 10:23 PM IST

We are talking big money, seriously big—$2 trillion. iPhone maker Apple Inc on August 19 became the first US publicly listed company with a stock market value of $2 trillion, doubling its valuation in just over two years.

The company’s value is more than of the GDP of countries including Brazil, Australia, Canada, Russia, South Korea, Spain and Mexico, data collated from Trading Economics shows. These countries have a GDP of over $1 trillion each.

The list of GDP of more than $2 trillion is led by the US ($21 trillion). The European Union comes second with $19 trillion, China ($14 trillion), Euro Area ($13 trillion), Japan ($5 trillion), Germany ($5 trillion), and India (nearly $3 trillion).

Apple 20 Aug