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Apple's valuation surpasses entire Russian stock market

Apple surpases value of Russian economy, expect Russian planes to buzz Apple HQ soon
By: Paul Alcorn | Mobile Devices, Tablets & Phones News | Posted: Nov 15, 2014 4:56 pm

Things have been going quite well for Apple as of late. Apple shares closed at an all-time high yesterday, surpassing the value of the entire Russian stock market. Apples market cap has risen to $663.2 Billion, while the entire Russian stock market, the 20th largest market in the world, is valued at $531 Billion.




Russia isn't the only major market eclipsed by the venerable Apple. Singapore and Italy are also worth less than Apple, and as the iPhone 6 continues to be a major success Apple may surpass more countries. Apple has been plagued with Bendgate, iPhone 6 NAND issues, and also raised a ruckus this week by disabling support for third-party SSDs. Apparently this hasn't had much of an impact on the bottom line as they continue their meteoric rise.

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