The American multinational Apple is doing quite well in most of its activities. For non-Apple users, Apple is known for one thing, expensive. However, in all fairness, Apple products are not only expensive, but they are also of very good quality. Over the past few years, Apple has captured the hearts of many of its loyal customers. Most of Apple’s customers are very loyal to the company and think its devices are the best. There are also those who buy Apple products for “prestige”. With these, the company earns a lot of money.

The World Of Statistics, a market research company, made a very big claim in one of their recent tweets. According to the firm, Apple’s market capitalization exceeded the combined market capitalization of 11 blue chip companies, including Coca-Cola and Nike. Some of the companies that tweet lists are highly hyped and it’s hard to believe. In response to The World of Statistics tweet, Tesla and Twitter CEO Elon Musk replied, “Wow.”

The 11 companies include Coca Cola Company, Starbucks Corporation, Nike, Walmart, ExxonMobil Corporation, AT&T Corporation, Visa, Inc., The Walt Disney Company, mcdonalds, Ford Motor Company and Netflix, Inc.

Apple

The World Of Statistics was created in 2013 and initiated by the event of the International Year of Statistics (Statistics2013). It is a global network made up of nearly 2,360 organizations around the world, dedicated to:

  • Raising public awareness of the power and impact of statistics on all aspects of society
  • Make statistics a profession, especially among young people
  • Foster creativity and development in the sciences of probability and statistics

Apple’s market capitalization against the other 11

Below is the market capitalization of the 11 companies The World of Statistics claims Apple tops.

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  • Coca-Cola Company: $259.82 billion
  • Starbucks Corporation: $120.57 billion
  • Nike: $196.33 billion
  • Wal-Mart: $379.01 billion
  • Exxon Mobil Corporation: $466.81 billion
  • AT&T Corporation: $137.05 billion
  • Visa, Inc.: $475 billion
  • The Walt Disney Company: $188.71 billion
  • McDonald’s: US$196.71 billion
  • Ford Motor Company: $49.85 billion
  • Netflix, Inc.: $152.42 billion

All but four of these companies are part of the Dow Jones Industrial Average, which is made up of 30 blue chip stocks representing key industries. The combined market capitalization of these companies is currently $2.62 trillion. Apple is currently valued at $2.18 trillion. However, in all of these cases, it is unclear how The World Of Statistics arrived at its figures.

Apple to launch new products in January to boost Q1 earnings

Apple usually releases a plethora of devices every year. In January this year, the company launched the Apple home pod, a 14/16-inch MacBook Pro with M2 Pro and M2 Max chips, and a new Mac Mini. These recent releases may mean that the company will hold a special event in the spring of 2023, The second quarter of this year may not launch new hardware.

“There hasn’t been an equivalent number of new product launches in the second quarter of this year,” Bloomberg’s Mark Gurman wrote in the latest “Power On” newsletter. However, a few reports claim that Apple will launch a Mac Studio, Studio Display, and iPhone SE with support for 5G networks during its special spring event.

However, in Mark Gurman’s report, he reveals why Apple had to release these devices in January. Gurman claims that these Apple devices were released to the public in January because the company wants to increase its profits in the first quarter of 2023. If he waits for the special event in March, it means that the profits of these devices will be for the second quarter. . Wall Street now apparently expects the company’s first-quarter revenue to be $122.2 billion, down year-over-year but not “too ugly,” and the second quarter will remain stable at $97.5 billion.



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