American multinational company, Apple, is doing quite well in most of its businesses. For non-Apple users, Apple is known for one thing, expensive. However, in all honesty, Apple products are not only expensive, but they are also quite high quality. Over the past few years, Apple has been able to capture the hearts of many of its loyal customers. Most of Apple’s customers are very loyal to the company and they believe that its devices are the best. There are also those who buy Apple products for “prestige”. With these, the company makes a lot of money.
The World Of Statistics, a market research firm made a very big claim in one of its recent tweets. According to the firm, Apple’s market capitalization has surpassed the combined market capitalization of 11 blue-chip companies including Coca-Cola and Nike. Some of the companies that the tweet lists are high profile and it’s hard to believe. In response to the tweet by The World of Statistics, Tesla and Twitter CEO, Elon Musk, replied “Wow”.
The 11 companies included The Coca-Cola Company, Starbucks Corporation, nike, Wal-Mart, Exxon Mobil Corporation, AT&T Corporation, Visa, Inc., The Walt Disney Company, McDonald’s Ford Motor Company Netflix, Inc.
The World Of Statistics was established in 2013 and initiated by the International Year of Statistics (Statistics2013) event. It is a global network composed of nearly 2360 organizations around the world, dedicated to:
- Raising public awareness of the power and impact of statistics on all aspects of society
- Fostering statistics as a profession, especially among young people
- Fostering creativity and development in the sciences of probability and statistics
Apple’s market capitalization against the 11 others
Below are the market capitalization of the 11 companies which The World of Statistics claims Apple exceeds
Gizchina News of the week
- Coca-Cola Company: $259.82 billion
- Starbucks Corporation: $120.57 billion
- Nike: $196.33 billion
- Wal-Mart: $379.01 billion
- Exxon Mobil Corporation: $466.81 billion
- AT&T Corporation: $137.05 billion
- Visa, Inc.: $475 billion dollars
- The Walt Disney Company: $188.71 billion
- McDonald’s: $196.71 billion US dollars
- Ford Motor Company: $49.85 billion
- Netflix, Inc.: $152.42 billion
All but four of these companies are components of the Dow Jones Industrial Average, which is made up of 30 blue-chip stocks representing key industries. The combined market capitalization of these companies is currently $2.62 trillion. Apple is currently valued at $2.18 trillion. However, in all of these, it is not clear how The World Of Statistics arrived at its figures.
Apple will release new products in January in order to boost its first-quarter earnings
Apple usually releases a plethora of devices every year. In January this year, the company released the Apple , a 14/16-inch MacBook Pro with M2 Pro and M2 Max chips, and a new Mac Mini. These recent releases may mean that the company will hold a special spring event in 2023, The second quarter of this year may not launch new hardware.
“There hasn’t been an equivalent number of new product launches in the second quarter of this year,” wrote Bloomberg’s Mark Gurman in the latest “Power On” newsletter. However, there are a couple of reports which claim that Apple will launch a Mac Studio, Studio Display, and iPhone SE that supports 5G networks at its special spring event.
However, in Mark Gurman’s report, he reveals why Apple had to release these devices in January. Gurman claims that these Apple devices hit the public in January because the company wants to boost its earnings in the first quarter of 2023. If it waits until the special sprong event in March, it means the earnings of these devices will be for the second quarter . Wall Street is now apparently expecting the company’s first-quarter revenue to be $122.2 billion, down year-over-year but not “too ugly,” and second-quarter will remain flat at $97.5 billion.