- Shares of Apple touched an all-time high this week at about $197.
- The company's $3.08 trillion market cap is higher than the GDPs of every country in the world except the top six.
$4 stock breached $4, bringing its market capitalization back above $3 trillion.
On Friday, it was at $3.066 trillion as shares dipped 0.4% to $197.27. That means the company's valuation is larger than the GDPs of all but six of the world's biggest economies.
According to 2022 GDP data from the $4, the economies that are bigger than the iPhone maker's market cap include the US at the top ($25.5 trillion), followed by China ($18 trillion), Japan ($4.2 trillion), Germany ($4.07 trillion), India ($3.4 trillion), and the United Kingdom ($3.07 trillion).
France, the seventh largest economy, has a GDP of roughly $2.78 trillion, and Russia at eighth boasts about a $2.24 trillion economy.
The market cap of Apple is also approaching that of the entire Paris stock market, which hovers at about $3.2 trillion and is powered by companies like luxury-goods makers LVMH and Hermes, according to Bloomberg.
Apple stock has jumped 55% so far this year, but it was only this month that it regained the $3 trillion threshold. Putting it over the top was the Federal Reserve's meeting on Wednesday, when policymakers signaled the potential for $4, sparking a big stock market rally.
Apple is now on track to end the year as the $4 for the fifth time in a row and is outperforming the $4 as well as other major benchmarks.