What if Apple was a country?
The company’s $178 billion—$178 billion! —puts it on par with the gross domestic product of a country like New Zealand, surpassing the GDPs of Vietnam, Morocco, and Ecuador, according to the most recent World Bank data. If Apple were a country, it’d be the 55th richest country in the world.
What companies could Apple buy?
Thus, let’s take a look at seven companies that Apple should buy as it aims to be net cash neutral over the next few years.
- Netflix (NFLX) The most obvious M&A use of Apple’s huge net cash balance is an all-in acquisition of streaming giant Netflix (NASDAQ:NFLX).
- Spotify (SPOT)
- Disney (DIS)
- Shopify (SHOP)
- iRobot (IRBT)
What is Apple’s 2020 worth?
Munster’s price target for Apple is $350 for 2020, 15% higher than current levels. If Wall Street were to come around to his target multiple (and that’s a big if), that would bring Apple’s market cap to approximately $1.7 trillion.
How much does Apple contribute to the US economy?
The following statement was in the press release “Combining new investments and Apple’s current pace of spending with domestic suppliers and manufacturers — an estimated $55 billion for 2018 — Apple’s direct contribution to the US economy will be more than $350 billion over the next five years…”
What countries is Apple richer than?
Apple’s massive cash hoard makes it richer than 141 countries. All hail the Apple Empire. In fact, Apple would be the world’s 55th richest country right now, according to the latest data from World Bank.
Who is richer Disney or Apple?
Disney makes the Marvel and Star Wars movies and owns all those theme parks, but its market capitalization is just $113 billion. In order to get to Apple’s $1 trillion value, you’d have to add the rest of the U.S. media industry, including Comcast and Netflix, to reach $956 billion, according to The New York Times.