Global technology giant Apple is a household name now, thanks to iPhone and other personal devices of the company. On Tuesday, its added another feather to its cap.
The company became the first in USA to have a market capitalisation of $800 billion or around Rs 51.4 lakh crore (at current conversion rate).
As insane as that may sound, let’s take it a notch up. The revenues that the world’s top tech companies generate today are astounding.
As technology penetrates into newer areas every second, here is a comparison of the revenues of top tech companies with countries around the world:
1) So, if Apple was a country, it would have been the world’s 17th largest economy.
2) Add the combined wealth of three tech giants – Apple, Alphabet (now parent company of Google) and Microsoft – it would make a staggering $2 trillion economy. Notably, the combined wealth of the 5400 companies listed on the Bombay Stock Exchange (BSE) is $1.9 trillion or say Rs 125 lakh crore.
3) As per the International Monetary Fund, the GDP of India (a country of 1.3 billion) stood at $ 2.2 trillion in 2016 – just a tad higher than the combined wealth of these three tech companies.
4) The combined GDP of 119 countries like Bulgaria, Yemen, Uzbekistan, Luxembourg and neighbouring Myanmar equals the combined revenue of these three tech giants.
Apple took a little more than two years to achieve the benchmark, after it crossed the $700 billion threshold in February 2015.
The tech giant's share price rose of as much as 33 per cent in 2017, and around 50 per cent after the presidential election in the country in November last year.