‘Apple is worth as much as all euro zone banks’August 19, 2011 11:29 pm
We spotted this today:
“Technology company Apple is now worth as much as the 32 biggest euro zone banks.
That’s the stark result from a steep fall in the share price of banks including Spain’s Santander, France’s BNP Paribas, Germany’s Deutsche Bank and Italy’s Unicredit, compared to a steady rise in Apple’s valuation, according to Thomson Reuters data.
Earlier on Friday the DJ STOXX euro zone banks index fell 4 percent, valuing its 32 members at $340 billion. That’s based on the market capitalization of their free-float shares, which for some French banks in particular is less than 100 percent.”
Statistics Source: Reuters