Financial Mirror (Cyprus)

Apple vs. the world

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The list of the world’s most valuable companies is famously dominated by North America, with Apple currently sitting at the top of this prestigiou­s pile.

In the infographi­c, we pit Apple against the rest of the world to see how each continent’s biggest public company compares to the might of the tech giant. Apple wins, obviously, but the interestin­g part is the degree to which the most valuable companies of each region lose when comparing their market capitaliza­tion figures.

Asia produces the strongest contender. Saudi Aramco, aka Saudi Arabian Oil Company, weighed in with a market cap of $1.98 trillion at the beginning of February 2022 - that’s 69.5% of Apple’s $2.85 trillion. Next up is Europe. There, the fight already starts to become very one-sided, with the luxury conglomera­te LVMH looking great while entering the ring but failing to land any punches: Its $408 billion market cap is only 14.3% the size of its heavyweigh­t opponent’s.

The compatibil­ity of weight class (along with my desire to keep up the boxing analogy), ends here. Oceania’s most valuable, the Melbourne-based mining company BHP has a market capitaliza­tion equivalent to 8.5% of Apple’s, while Petrobras from South America reaches just 3%. Despite being the most valuable public company in Africa, South African publishing firm Naspers’ market cap is a mere 1.2% of the almost 3 trillion attributed to Apple Inc. (Statista)

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