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> Apple's market capitalization is more than 5% of America's entire GDP. This compares apples to oranges. In case anyone else is curious: Apple's worldwide re
by acover 7y ago
> Apple's market capitalization is more than 5% of America's entire GDP.
This compares apples to oranges. In case anyone else is curious:
Apple's worldwide revenue (258 billion) is 1.2% of America's GDP (19.9 trillion) or 0.3% of World GDP (84 trillion).
- askafriend 7y agoI'd argue it's not quite as bad as comparing Apples to Oranges. Apple's value (market cap) is intrinsically tied to the stock market and America's growth. But thanks for posting the revenue calculations as well. I think those numbers still support my point (because they too, are crazy) Apple even just 15 years ago was a scrappy company trying to find its footing and had nowhere near the customer base it does today.
- acover 7y agoSorry, I was trying to explain why I was providing additional statistics. It's technically a stock vs flow difference. Not trying to correct, just expand.
- askafriend 7y agoI think it was helpful! Thank you for expanding on the numbers.
- acover 7y agoIt blows my mind that 0.3% of the worlds "effort" goes to apple products. Thanks!
- JackFr 7y agoThe better comp for market cap would be US capital stock I think. The St Louis Fed puts it at around 60 trillion, which also puts Apple at ~1.6 percent of the economy.