A hat tip to colleague David Parr for this interesting item. With Russia being in the news over the Ukraine situation and President Putin coming under a lot of pressure at the G20 Conference in Brisbane (in fact he left early), the Russian stock market – number 20 in the world – was surpassed in value by the iPhone maker last week. According to Bloomberg’s Mark Barton Apple could use the change to buy every Russian a 16GB iPhone Plus.
The value of Russian equities = $531 billion
The value of Apple = $667.2 billion
Singapore and Italy are now worth less than Apple as well. And with Christmas approaching who will be next?