Andre Yoskowitz
19 Aug 2011 14:01
On the back of strong iPhone and iPad sales, Apple is now worth as much as the 32 largest euro zone banks.
Over the past month, following a market crash in Europe, Asia and the U.S., banks have been notably crushed, even relatively steady banks like Santander, Deutsche Bank and Sociale Generale.
The 32 members of the DJ STOXX euro zone banks index are valued at $335 billion compared to Apple's current market capitalization of $335.25 billion.
Overall, the euro zone banks have lost 75 percent of their value since 2007, and have lost 33 percent since July after making marginal recoveries in 2009 and 2010.
Earlier today, the WSJ reported that Apple was set to release the iPad 3 in early 2012, and the iPhone 5 in September.