Did you know that Apple is now worth more than the entire Russian stock market?

Steve Jobs showing former Russian president Dmitry Medvedev the iPhone 4

Steve Jobs showing former Russian president Dmitry Medvedev the iPhone 4


If you’re following the stock market and the current fluctuations of the world economy, you might have noticed how the world’s biggest company in terms of market share, Apple, has grown even larger recently. At the same time, Russia, one of the world’s biggest economies, seems to have entered an era of steady decline with sanctions being enforced from pretty much the whole Western world.

What you may not have noticed, though, is that these two trends have created a rather interesting phenomenon: the market value of Apple now exceeds the value of the whole Russian stock market, a fact first noticed by Bloomberg.

Interestingly, Apple is now so highly evaluated that its market cap surpasses the value of the Russian stock market with enough money left over to buy every single Russian a new iPhone 6 Plus.

“If you owned Apple Inc. (AAPL), and sold it, you could purchase the entire stock market of Russia, and still have enough change to buy every Russian an iPhone 6 Plus,” according to Bloomberg.

Put in monetary terms, as of last week, the gap between Apple’s market valuation and that of the entire Russian stock market amounted to $121 billion.

source: Bloomberg via Forbes

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49 Comments

1. android_hitman unregistered

This is incredibly stupid. Good for Apple then-again

2. Hashed unregistered

This could mean only one thing, we have way too many sheep in this world.

4. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

You mean samsung sheeps? Cause so far they are the only users that buy constantly samsung phones that can be also considered sheeps when samsung owns 60% of worlds smartphones unlike the 12% of Apple. Not to mention how mediocre samsung phones look compared to any iphone, HTC, motorola or even LG.

5. Hashed unregistered

I agree, choosing a phone is a matter of personal opinion, buy whatever suits you best.

10. Lithium-ion

Posts: 5; Member since: Sep 25, 2014

You just contradicted what you said earlier.

12. Hashed unregistered

No I didn't, choosing a phone is a personal opinion, but most people buy apple/samsung products because they see these phones in other people's hands. That's what is causing harm to good brands, like HTC, Nokia, Sony....

17. Lithium-ion

Posts: 5; Member since: Sep 25, 2014

It's people's preference to buy iPhone. They buy iPhone because it works perfectly to their needs. Many people buy iPhone because iPhone is really a great phone. iPhone's best selling part is actually its OS not the physical phone itself. So don't be surprised if the bend gate issue doesn't affect their decision to buy iphone, and the bend issue can also be solved by simply using a case. :) That's business Hashed, competition is always there. There are companies who lose and there are companies who win. It's part of any business since the beginning of mankind.

27. Finalflash

Posts: 4049; Member since: Jul 23, 2013

Not really, then you could justify the sales of heroine and cocaine along the same lines. Just because people buy it doesn't automatically make it the perfect whatever. People are known to do stupid and self-harming things for the sake of intangibles such as fame or fitting in. Not saying the people buy the iPhone are in the same boat but a lot of them buy it to fit in or appear wealthy. Apple actively pushes that image ("premium") even though their phones have very recently proven to be of average or sub-par material and design. Same thing applies to a lot of other brands but Apple is well known for it.

31. Hashed unregistered

Yeah FinalFlash,, you made good points, apple products are a social symbol. and you Lithium-ion, why spend a 1000$ on a phone and just hide it in a 20 or 30$ case? I'm using a Lumia 630 with no case or screen protector, and I don't see it getting bent any time soon, and iphones don't work perfectly, they've got their issues. So chill out my friend and have a good day.

32. Lithium-ion

Posts: 5; Member since: Sep 25, 2014

I said "perfect for their needs". It's different from being perfect in general. When we say perfect for someone's needs, it means it works perfectly for his particular personal needs, regardless of issues that others see on that iphone, his needs are different to other's. Price should not always be the basis of purchase specially if someone can truly afford such device. The experience is priceless. It's like those people who buy expensive supercars, even if cheaper brands offer the same performance. The satisfaction it gives is what makes someone happy. One last thing, please refrain from using sheep. Using "sheep" to call a group of people is offensive.

38. roldefol

Posts: 4744; Member since: Jan 28, 2011

I agree with you wholeheartedly, but you're wasting your breath. I've tried to make this exact argument before, and the Apple haters don't want to hear it. As far as they're concerned, iPhone buyers only like them because they're a status symbol (they're not; you can buy one on contract for as little as a penny) or because of an imagined lack of intelligence (smart people buy iPhones; smart people buy Androids; it's all a matter of priorities.) The iOS user experience means nothing to them because it's not the user experience _for them_. So as far as they're concerned, an iPhone is an expensive phone without an OS. Me, I think iPhones are well-rounded pieces of hardware. They're not for me, but I don't put anyone down for buying one. Apple isn't trying to impress power users and tech nerds. They're making phones for the masses, and there's nothing wrong with that.

35. Commentator

Posts: 3722; Member since: Aug 16, 2011

What costs $1000?

33. Lithium-ion

Posts: 5; Member since: Sep 25, 2014

Who are we to judge those people who buy iPhones? Isn't it the money they use to buy whatever they want is not ours? Let's say 90% of those who buy iphone are just trying to fit in, it still doesn't affect our personal lives. Some people these days have something in common, they seriously advocate their choice of phone and fight those who are in opposite side.

36. wilsong17 unregistered

I'm a proud sheep owner of both note 3 and 4 getting the best not over price feather which only cost$ 205 to built

44. androtaku

Posts: 246; Member since: Dec 12, 2013

best comment ever i'm also one of the sheep who happened to help samsung filling their 60% market share those apple sheep with pathetic 12% market share is nothing compare to us

28. cnour

Posts: 2305; Member since: Sep 11, 2014

And you are one of them. Go to a Doctor and solve your inferiority feeling against iPhone fans.

29. tiara6918

Posts: 2262; Member since: Apr 26, 2012

Apple is something like nokia in the past. People would buy nokia and you could see almost everybody owning one and they ignore other brands, now they are replaced by apple

30. cnour

Posts: 2305; Member since: Sep 11, 2014

Apple like Nokia!!!! Oh my god, how stupid are you??????

43. KillgoreTroutTime

Posts: 433; Member since: Jan 06, 2014

How stupid are you cnour? He was comparing popularity and nothing else.

49. laughmi

Posts: 283; Member since: Oct 28, 2014

The world is sheepinizing!!

6. mobi_user

Posts: 152; Member since: Jun 18, 2013

Victor, don't worry. you will be hammered by samesong fanboys first.

7. Denco

Posts: 118; Member since: Mar 25, 2014

And Russia's answer to the crippling economic sactions (rightly deserved for its pointless expansionist misadventures in Ukraine) is to be flexing military muscles by flaunting its nuclear weapons. Talk of a cowardly bully who should use its brains to find a logical way to avert its economic depreciation relying on military brawn to resolve conflicts. What a shame: Apple is now worth a lot more than Russian economy.

26. RaKithAPeiRiZ

Posts: 1488; Member since: Dec 29, 2011

i guess the Ukraine crisis is a result of Nato getting too close

8. smdpa

Posts: 25; Member since: Oct 06, 2014

Bhahah! Muzhikistan(a.k.a. Russia) - a third world country! :))))

9. lazarus_26

Posts: 38; Member since: Sep 29, 2014

Great job tim cook.

11. DeusExCellula

Posts: 1389; Member since: Oct 05, 2014

Who the hell cares...

20. PapaSmurf

Posts: 10457; Member since: May 14, 2012

Clearly people (like yourself) who took the time to read the title, did not even read the article and decided to post a comment. Enjoy your day!

13. Pattyface

Posts: 1658; Member since: Aug 20, 2014

While I completely disagree with how Russia handles itself this seems like sad news. Didn't realize apple was worth that much in comparison

15. HugoBarraCyanogenmod

Posts: 1408; Member since: Jul 06, 2014

Because Russian population can't catch up against iMutton

50. laughmi

Posts: 283; Member since: Oct 28, 2014

Should be iLamb instead since Mutton::Goat what Lamb::Sheep

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