Things Apple is Worth More Than

Apple's Market Cap is Now Almost $500 Billion. What's Littler?
Curated by Downtown Josh Brown

Twice the Entire US Clothing Store Business

This one’s gonna mess you up…according to First Research, there are about 100,000 retail clothing stores in the US although it is a very concentrated industry.

The 50 largest companies - like TJ Maxx, Marshalls, Gap, Limited Brands, Abercrombie & Fitch and Ross Stores - account for about 65 percent of industry revenue.

The combined annual revenue for the entire apparel retail industry is around $150 billion. 

With Apple’s current valuation of $380 billion, it worth more than twice that.

- Josh

All the Gold at the New York Federal Reserve

As of August 1st, the New York Federal Reserve Bank in lower Manhattan (made famous in the Bruce Willis flick Die Hard With a Vengeance) was stocked with approximately 7,000 gleaming tons of gold.

The New York Fed is the largest store of gold bullion in the United States and in the world.  According to Alex Jones, this stockpile is worth some $350 billion USD.

And Apple, with its now $385 billion market cap is worth more.

The Entire Economy of Singapore

Singapore is one of the wealthiest countries in the world owing to a government that is hyper-friendly towards business yet very strict on corruption.

The country boasts an astounding $70,000 GDP per capita rate and has been minting millionaires by the truckload despite the global economic turbulence of the last decade.

Singapore’s national GDP in 2016 is projected at $318 billion…and Apple is worth even more.

The GDP of Denmark

Denmark has a powerhouse economy for such a small workforce (2.9 million workers). 

At $337 billion, Denmark ranks as the 32nd largest economy in the world (by GDP) and 5th in GDP per capita.

But Apple is bigger!

Apple is Worth more than 10 years of Silver Production

A little older article:

“Instead, I think it is about the fact that the Entire Freaking Global Supply (EFGS) of silver is less than a billion ounces per year, which would mean, at today’s paltry $30 per ounce, that a measly $30 billion could buy all the silver that the world produces in One Freaking Year (OFY)!

And thus a piddly $600 billion could buy all the silver that the world could produce for the next 20 years!!”

http://dailyreckoning.com/printing-enough-money-to-buy-the-worlds-silver/



The World’s Five Largest ETFs Combined

Apple is now worth more than the assets under management in the world’s five largest ETFs.  GLD has just surpassed SPY as the biggest today, as per Investment News:

SPDR Gold Trust’s market capitalization rose to $76.7 billion on Aug. 19, according to the most recent data compiled by Bloomberg, as the metal topped $1,881 an ounce for the first time. SPDR S&P 500 ETF Trust (SPY), which has been the industry’s largest exchange-traded fund since 1993, stood at $74.4 billion, now 3.1 percent smaller. At the start of the year, the Standard & Poor’s 500 Index-tracking ETF was 56 percent larger.

Rounding out the Top 5 are VWO, EFA and EEM (all emerging markets/world stock indexes) at roughtly $50 billion, $40 billion and $40 billion in AUM respectively.

Apple’s current market caps tops all of them combined.

Every Single Home in Atlanta, Georgia Combined

According to Zillow, the total value of all residential real estate in Atlanta, Georgia was $274.8 billion as of December 2010, making it the 8th largest housing market in the United States.

And Apple is worth more.