File this one under the “check back in 10 years” folder. This is a stat that
will blow your mind. Apple’s market cap is now bigger than the ENTIRE U.S.
retail sector.
Now, I wouldn’t short AAPL in a
million years, but these are the sorts of crazy stats that make you think “hmmm,
is this really sustainable?” Here’s more via CultofMac & Jim Cramer:
“Add
this to your list of things Apple is
worth more than. As the
Zero Hedge blog notes, “A company whose value is dependent
on the continued success of two key products, now has a larger market
capitalization (at $542 billion), than the entire US retail sector (as defined
by the S&P 500).” Nuff said.”
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