Apple Is Bigger Than France's Economy and India's Entire Stock Market.
It can be difficult to grasp just how big Apple's ascent to a $3 trillion valuation really is.
The iPhone maker's market cap makes it bigger than France's economy and double the size of India's entire stock market.
Here's what else Apple is now bigger than after it became the first company to reach the $3 trillion milestone.
Top editors give you the stories you want — delivered right to your inbox each weekday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy
Apple's ascent to a $3 trillion valuation makes it the highest valued company in the world, but that size can be difficult to grasp given just how big that number is.
That's 3,000 billions, or 3 million millions. That's also slightly bigger than France's annual gross domestic product, and its nearly double the size of India's entire stock market.
To fully appreciate just how big Apple's current $3 trillion valuation is, Insider compiled a list of the different economies and country stock markets that are now eclipsed by the size of one single American company.
The massive size of Apple is backed up by its underlying business of selling high-tech products that have a massive ecosystem built around it, making it more and more difficult for its customers to leave for a competitor. Apple is on track to generate $400 billion in annual revenue and $100 billion in annual profit.
While the iPhone makes up the bulk of Apple's business, even Apple's AirPods are estimated to generate enough annual revenue that would make it a Fortune 500 company if it were a standalone business.
Here's what else Apple is now bigger than after it became the first company to close above a $3 trillion valuation on Friday, according to data from Bloomberg and Dimensional Fund's 2023 Matrix Book.
8. Germany's Entire Stock Market
REUTERS/ Michael Dalder
Number of companies: 255
Combined value: $1.33 trillion
7. India's Entire Stock Market
Indian Muslim families gather in the compound of Jama Masjid to break their day-long fast in New Delhi, India, Wednesday, June 14, 2017. AP Photo/Altaf Qadri
Number of companies: 1,242
Combined value: $1.44 trillion
6. Italy's Entire Economy
Tourists at the Colosseum in June 2022. Riccardo De Luca/AGF/Universal Images Group via Getty Images
Italy's 2022 GDP: $2.01 trillion
5. Canada's Entire Economy
Walter Bibikow/Getty Images
Canada's 2022 GDP: $2.14 trillion
4. China's Entire Stock Market
Beijing, China. Martin Puddy/Getty Images
Number of companies: 2,119
Combined value: $2.53 trillion
3. The United Kingdom's Entire Stock Market
A man holds a Union flag umbrella as a rainbow is seen outside of Buckingham Palace on September 8, 2022 in London, England. Samir Hussein/Getty Images
Number of companies: 595
Combined value: $2.62 trillion
2. France's Entire Economy
The Eiffel Tower in Paris, France. Antoine Antoniol/Getty Images
France's 2022 GDP: $2.78 trillion
1. The Combined Value of Bottom 200 Companies in the S&P 500
Roy Rochlin / Getty Images
Combined value: $2.92 trillion
Source: Markets Insider
