Worth $1.02 trillion, one Apple equals India's top 50 firms put together

World's top five tech firms - Apple, Alphabet, Microsoft, Amazon and Facebook - have a total market cap of $4.1 trillion, more than thrice India's Nifty 50, nearly twice India's total market cap

The value of one Apple Inc is now nearly the same as the cumulative value of India’s top 50 blue chip companies.  The iPhone maker's market capitalisation at $1.02 trillion is a few million away from Nifty 50 index’s value of $1.18 trillion and may soon surpass it if the Cupertino-based technology giant continues its stellar run on the bourses.

Apple posted revenues of $53.3 billion for its fiscal third quarter of 2018, up 17 per cent year-on-year. Net income stood at $11.5 billion, a 32 per cent surge over the previous year. Its shares closed at $207.4 apiece Thursday.