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How can the Bay Area have less than 1/8th the GDP of NYC when Apple’s revenue alone (~300B) is over 1/3rd of NYC’s GDP (~800B per Wikipedia)?
by kec 8y ago
How can the Bay Area have less than 1/8th the GDP of NYC when Apple’s revenue alone (~300B) is over 1/3rd of NYC’s GDP (~800B per Wikipedia)?
- madcowherd 8y agoIs that 300B Apple's global revenue? If so, I'd imagine there's your answer. Prior Apple fancy accounting tricks had all revenue funneled through the friendliest tax haven until they got called on it. I'd imagine though, only US revenue gets claimed in CA.
- danmaz74 8y agoEven without considering Tha accounting tricks, a lot of that revenue gets generated where production happens, by the distribution network, etc etc.