Apple Now Twice as Big as the 2nd Largest Company in the World!

Apple stock has gained about 20% since the start of the year.

 

That may be cool, in-and-of-itself, but Apple's ever-expanding market cap continues to make headlines for other reasons. 

 

Last week, Bespoke tweeted that Apple's market cap surpassed the combined market caps of every single stock in the S&P 600 Small Cap index!

 

Moreover, Apple is also now more than twice as large as the second largest company (Exxon Mobil) in the world.  Below is a comparison of the market caps for Apple and Exxon going back to 2000.  

 

via Bespoke.

Just 15 years ago, Apple was struggling as a public company -- in December 2000 its market cap had dipped to just $4.65 billion.  15 years later, and Apple now has a market cap of $770 billion!

Below is a list of the 40 largest stocks in the S&P 500.  For each stock, Bespoke highlights its "Apple Multiplier", or the amount that each company would have to multiply by to reach the size of Apple.

 

 

As shown, Apple is currently 2.04x as big as Exxon Mobil -- the second largest company in the S&P.  Apple is more than 3x the size of companies like General Electric, Procter & Gamble, Facebook, and JP Morgan.  

Pretty staggering numbers.