Its hard understand a million dollars and what that is for many of us, a billion dollars is even harder. When you start to think about $400 billion, a headache is assured. For a bit this week, Apple had a market cap of $400 billion. It dropped back to $398 billion later that day.
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While it was at the $400 billion mark, it was worth more than the GNP of many smaller countries of the world. For instance, it was worth more than the country of Greece, Austria, Argentina, or South Africa. That is incredible to me for one tech firm to be worth more than some countries.
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Apple continues to grow as well. The sales for the company are expected to grow 45% for the past quarter compared to the same quarter of the previous year. The numbers will be announced next week. I wish I had a bunch of Apple stock!