That’s crazy. Apple is worth more than the entire US retail sector. Apple’s market cap is now at $542 billion. That means that that the company is worth more than the entire US retail sector (which according to S&P is at 500).
We’ve said it before and we’ll say it again. It’s good to be Apple right now. Things only seem to go up for them with every new product announcement. As ZeroHedge says, that’s quick something for a company whose value depends on the success of two products: the iPad and the iPhone.