Full article here: Big Apple Dwarfs Entire Regions
Which matters more, next week’s rumored iPhone 5 launch or the European Central Bank rescue plan expected this Thursday? Speculation about an iPad Mini or the worsening economic slowdown in China?
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Only a wild-eyed camper queuing all night outside an Apple [AAPL 674.97 
9.73 (+1.46%) 
] store could argue the tech company’s plans mattered more to the economy. But in purely financial terms, the market value of Apple makes the question less silly.
9.73 (+1.46%) ] store could argue the tech company’s plans mattered more to the economy. But in purely financial terms, the market value of Apple makes the question less silly.
Apple became the world’s most valuable-ever company two weeks ago. It is worth $624 billion, more than all the listed companies in Portugal, Ireland, Greece and Spain together. The employer of 63,300 people – each valued at $10 million – is more valuable than all the shares available to investors in the MSCI China index [MCHI 39.36 
-0.39 (-0.98%) ], the international benchmark.
-0.39 (-0.98%) ], the international benchmark.
Apple is not as big as the domestic Chinese market. But the comparison is not silly: it is more than half as big as the free float of A shares, where foreign investment is restricted.
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