Apple Is Almost Worth More Than Every Airline and Aviation Company Combined
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
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Choose to earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + the option to earn 4% back in Bilt Cash on everyday purchases |
Pros
- Choice to earn up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and the option to earn Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 90 days + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.