Tesla chairman Elon Musk had run-ins with apple inc AAPL in the past. That didn’t stop the billionaire from lending where it’s due.
Musk responded to a World Of Statistics tweet with the Twitter handle @stats_feed said Apple’s market cap is worth more than the combined market caps of 11 blue-chip companies that are fixtures in their respective sectors. The named companies and their market capitalizations as of Friday’s close are as follows:
- Coca-Cola company KO: $259.82 billion
- Starbucks Corp. SBUX: $120.57 billion
- Nike, Inc. NKE: $196.33 billion
- Walmart, Inc. WMT: $379.01 billion
- ExxonMobil Corp. XOM: $466.81 billion
- AT&T, Inc. T: $137.05 billion
- Visa, Inc. v: $475.00 billion
- Walt Disney Company DIS: $188.71 billion
- McDonald’s, Inc. MCD: $196.71 billion
- Ford Motor Company f: $49.85 billion
- Netflix, Inc. NFLX: $152.42 billion
All but four of these companies are constituents of the Dow Industrials Average — an index that includes 30 blue-chip stocks representing key sectors.
The combined market capitalization of these companies is currently $2.62 trillion. That compares to Apple’s current valuation of $2.18 trillion. Since the tweet was posted, it’s not clear whether the market cap was referring to Thursday’s closing price or the intraday value.
“Wow,” Musk said in response to the tweet.
See also: The best tech stocks right now
Why it matters: Apple is the most valuable company in the world and has consistently demonstrated fundamental outperformance. The company’s products combine utility and aesthetics.
It derives about half of its revenue from iPhone iOS powered smartphone, that was his cash cow despite its existence for a decade and a half. Macs and iPads are also popular Apple products. The company’s huge installed device base has helped grow the service business built around its hardware products.
Apple is touted as an all-weather stock and is doing well…
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