9 interesting facts about iPhone maker Apple, ‘the best business in Berkshire’s portfolio’

May 9, 2023

By: Rounak Jain

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World’s largest company by market capitalisation

Apple Incorporated is the world’s largest company by market capitalisation. Its current market cap stands at $2.75 trillion, much ahead of the second company on the list – Microsoft, which has a $2.31 trillion market cap.

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Share buyback worth $586 billion in last 10 years

Apple’s share buyback in the last 10 years stands at $586 billion – this is more than the market capitalisation of 493 companies on the S&P 500 index, which has 500 companies.

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Apple’s market cap is higher than the GDP of 208 countries

Apple’s market capitalisation of $2.75 trillion is higher than the nominal GDP of 208 countries. There are 216 countries in the world.

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Apple has more cash than the forex reserves of 153 countries

At $54 billion, Apple has more cash in hand than the forex reserves of 153 countries.

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Apple stock has beaten the S&P 500 over the last five years

Apple’s stock has been amongst the best performers in the large cap segment, delivering a compounded annual growth rate (CAGR) of 32.52 percent in the last five years. S&P 500’s 5-year CAGR stands at just 9.3 percent in the same period.

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Apple accounts for nearly half of Berkshire Hathaway’s holdings

The iPhone maker accounts for 46 percent, or $151 billion of Berkshire Hathaway’s holdings. The company’s chairman Warren Buffett has called Apple the best business in Berkshire Hathaway’s portfolio.

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iPhones are the top driver of Apple’s revenue

Launched in 2007, iPhones are now the top driver of Apple’s revenue. In the financial year 2022, iPhones brought in $205 billion of the company’s total revenue of $394 billion for the year.

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iPhones also dominate smartphone industry’s profits

iPhones also dominate the smartphone industry’s profits – while iPhones only have a 20 percent market share in terms of units, they account for 80 percent of the entire smartphone industry’s profits worldwide.

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iPhone revenue in 2022 was higher than 160 countries’ GDP

iPhone revenue of $205 billion in 2022 was higher than the nominal GDP of 160 countries. The combined nominal GDP of 51 countries is equal to the iPhone revenue of 2022.

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