Apple Has Lost More Money Than These Countries Make

What good is an enormous number without any context?

Since September 19, 2012, Apple (NASDAQ:AAPL) has lost $290 billion in market cap. Between then and April 18, 2013, the stock is down just over 44 percent, from $705.07 to $392.05 per share. During that time, the company ceded the title of world’s largest publicly-traded company back to Exxon Mobil (NYSE:XOM) — a market cap of $390.6 billion for Exxon versus $369.0 billion for Apple, as of April 19.

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Apple’s loss was greater than the current market cap of every Dow Jones Industrial component except Exxon.

All told, it’s pretty sad stuff. The fall has hurt a lot of investors and catalyzed a vehement debate over the company’s future and its role in the ever-changing technology industry. But that conversation isn’t the concern of this article. Here, we’re going to take a look at the staggering size of the loss itself.

Here are five high-income countries that had 2011 gross domestic product worth less than the size of Apple’s loss…

1) Ireland: Ireland ranks 44th in nominal GDP. The nation supports a services- and industry-based economy that produced a GDP of $217.3 billion in 2011.

2) Portugal: Portugal ranks 42nd in nominal GDP. The nation supports a services- and industry-based economy that produced a GDP of $237.4 billion in 2011.

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3) Singapore: With a labor force of only about 3.2 million people, Singapore supported an economy of $239.7 billion in 2011.

4) Israel: America’s ally in the Middle East has a labor force of about the same size as Singapore, and supported an economy of $242.9 billion in 2011.

5) Finland: The home of Nokia (NYSE:NOK) supported an economy of $263.0 billion in 2011.

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