AfterDawn: News

Apple now worth as much as all the euro zone banks

On the back of strong iPhone and iPad sales, Apple is now worth as much as the 32 largest euro zone banks.

Over the past month, following a market crash in Europe, Asia and the U.S., banks have been notably crushed, even relatively steady banks like Santander, Deutsche Bank and Sociale Generale.



The 32 members of the DJ STOXX euro zone banks index are valued at $335 billion compared to Apple's current market capitalization of $335.25 billion.

Overall, the euro zone banks have lost 75 percent of their value since 2007, and have lost 33 percent since July after making marginal recoveries in 2009 and 2010.

Earlier today, the WSJ reported that Apple was set to release the iPad 3 in early 2012, and the iPhone 5 in September.

Written by: Andre Yoskowitz @ 19 Aug 2011 14:01

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• 7 comments

• LordRuss

  So when does Apple get with Disney & Ted Turner and plot to rule the world?
  
  
  

  http://onlyinrussellsworld.blogspot.com

  19.8.2011 14:35 #1

• Ben79

  Originally posted by LordRuss: So when does Apple get with Disney & Ted Turner and plot to rule the world?
  
  Right after they overthrow the US Government, and start charging for the oxygen you breathe.

  19.8.2011 16:46 #2

• toked

  HAHA you guys are on a roll with these pictures!
  

  19.8.2011 20:14 #3

• KillerBug

  Originally posted by LordRuss: So when does Apple get with Disney & Ted Turner and plot to rule the world?
  
  With a bit of luck, Steve won't last long enough to do that...and once Steve dies, Apple's stock will fall like skylab.
  

  
  

  19.8.2011 21:44 #4

• LordRuss

  Originally posted by KillerBug: With a bit of luck, Steve won't last long enough to do that...and once Steve dies, Apple's stock will fall like skylab. That or I have visions of this old horror movie, "They Saved Hitler's Brain" dancing through my skull. They'll (Apple elitist money whores) will probably freeze dry Stevie Boo-boo & shuffle his dead ass around the touring circuit like a giant marionette BS-ing people into purchasing even more expensive Apple branded merchandise.
  
  That or I'm missing a dosage or two of my meds...
  

  http://onlyinrussellsworld.blogspot.com

  20.8.2011 09:20 #5

• xnonsuchx

  And with any luck, KillerBug won't last long enough to complain about the next Apple-related story!

  21.8.2011 06:04 #6

• ZeusAV

  Originally posted by KillerBug: Originally posted by LordRuss: So when does Apple get with Disney & Ted Turner and plot to rule the world?
  
  With a bit of luck, Steve won't last long enough to do that...and once Steve dies, Apple's stock will fall like skylab. That's a pretty terrible thing to say.

  21.8.2011 08:09 #7