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Home Illinois News

Apple is nearly 40% more valuable than the city of Chicago

Illinois Review by Illinois Review
May 22, 2017
in Illinois News
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If Apple Chief Executive Officer Tim Cook wanted to, he could make the Windy City his new corporate headquarters—all of it.

Technology companies have grown so large that they’ve surpassed the economic value of major American cities, according to data from Bank of America-Merrill Lynch, which compared company market capitalizations to metropolitan gross domestic product.

At current levels, Apple Inc’s market capitalization of about $803 billion is 38% larger than Chicago, which had a real GDP of $581 billion in 2016. Apple isn’t the only one to top Chicago, either. Google parent Alphabet has a market capitalization of $657.9 billion, making its pockets about 13% deeper than the home of deep-dish pizza.

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