Apple Is Basically a Small Country Now – The Atlantic.
It’s good to be Apple. Really good. As of this week, in fact, $700 billion worth of good. Apple’s closing price of $122.02 per share on Tuesday made it the first American company ever to cross that market-cap threshold.
Apple is also now selling bonds in Switzerland, which is probably a smart way for the company to buffer its ginormous pile of cash. (As The Wall Street Journal points out, this means Apple can use proceeds from debt sales to reinvest in itself without getting taxed the way it would if it used money brought back from overseas.)