Apple market cap bigger than DAX, TSE

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Technology pioneer Apple’s current market capitalisation of $2.8 trln ranks it eighth in the world, surpassing the stock exchanges of Germany and Canada,

According to Stocklytics.com, the tech giant is ahead of stock exchanges in countries such as Germany (DAX) and Canada (Toronto Stock Exchange) in terms of stock market valuation.

“Apple’s remarkable market performance can be attributed to a number of factors, including strong consumer demand for its products, a loyal customer base, and a resilient business model,” explained Stocklytics Financial Analyst Edith Reads.

In terms of market cap, the United States, home to the NYSE and Nasdaq, leads the pack with a staggering $52.6 trln, followed closely by China at $11.5 trln and Japan at $6.5 trln.