Apple’s market capitalization hit $700 billion during Tuesday morning’s trading session, which is a lot of moolah. It’s more than the value of the entire Russian stock market combined. It’s more than the annual gross domestic product of Sweden, home to such powerhouse companies as Ikea, Volvo, Ericsson, H&M, Spotify, Astra Zeneca and Assa Abloy, the world’s leading lock brand.
The Cupertino-based company also now towers over ExxonMobil, which used to be the world’s most valuable company. Poor Exxon is stuck at around $400 billion.
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