Apple Inc. is a very well-known company today that manufactures countless innovative and popular products. Just how big is Apple Inc.?
Apple Inc. is the largest publicly traded company in the world in terms of market capitalization. Apple’s sales in 2011 totaled over $120 billion, which is more than the GDP of over 160 countries, including New Zealand. In the first three days following the release of the iPad, Apple sold eleven iPads per second, or over 40,000 every single hour.
In 2011, Apple Inc. reported that they had $82 billion in cash-on-hand, which was a higher figure than the government of the United States! Apple subsequently announced that they were to begin paying out a dividend to their stockholders of approximately $2.65 per share. All told, this dividend program amounts to Apple paying out approximately $10 billion to their shareholders per year These numbers help give you an idea of how massive the world’s biggest company really is.
Source: Best Computer Science Degree