These 6 large cap Tech companies combined value worth more than 2 Trillion USD. Apple – 564 B Alphabet/Goog – 477 B Microsoft – 442 B Facebook – 352 B Amazon – 350 B Tesla – 30.6 B
Move over Big Mac Index…here comes the iPhone index. Big Mac index is a way to measure the purchasing parity and the strength of a currency against USD. A better way to measure this now is to see how much it costs to purchase an iPhone in your country vs purchasing it in Manhattan. For example it costs more to buy in Brasil than in Japan today.
Ever since the U.K voted to leave E.U, pound has been pounded in value. It has dropped from 1.5 level to 1.2 level against the USD in just about 2 weeks. That is a major move in any currency in a such a short period of time. Currently 1USD is 1.28 GBP which is a great timing for my #Scotland visit in August. I predict GBP to trade around 1.2 against USD by month end.