Apple Is Almost Worth More Than Every Airline and Aviation Company Combined
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Yesterday, Apple made history. It became the first public company to hit a $1 trillion valuation. The company that almost went bankrupt in the 1990s is by far and away the most valuable in the world.
Its value is so high that it’s actually larger than the GDP of many large economies like Turkey and the Netherlands.
The New York Times did a fascinating study that compared Apple’s valuation to a variety of companies, including the big banks and auto companies.
There was a surprising tidbit in there — Apple is worth almost as much as all of the world’s major airlines and aviation companies combined. The combined value of all these companies, including massive aircraft manufacturers like Airbus, Boeing, Lockheed Martin, Northrop Grumman and major airlines like American, United, Delta, Alaska, Air China, Singapore and Southwest (the list goes on on) is about $1.01 trillion.
A few other numbers that may blow your mind: Apple employs about 123,000 people. Airbus alone employs about 129,000 people and Boeing pays about 141,000 people’s salaries. Throw in American (122,000), Delta (87,000) and United (88,000) and with just those five companies that’s about 567,000 workers.
Keep in mind that this is just the market’s valuation of Apple — and values can change overnight. Just last week Facebook lost 19% of its value ($119 billion) in one day. And, it takes a whole lot of iPhones to pay for a $437 million Airbus A380.
H/T: The New York Times
Featured image by GREG BAKER/AFP/Getty Images.
Welcome to The Points Guy!
Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees