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For comparison, that's more than the GDP of Italy or Spain.

stephanheijl 6y ago
Something similar was commented below. These figures are not comparable, as GDP is "collected" every year. Revenue for Apple sits at 260B$, which is closer to the GDP of Vietnam.
deleted 6y ago
[deleted]
surething123 6y ago
Comparing income (GDP) vs. assets/market cap isn't really a meaningful comparison, here, as they're fundamentally different things.
romanoderoma 6y ago
Spain, Yes Italy, No
6gvONxR4sf7o 6y ago
Apple’s dollars and Italy or Spain’s dollars per year aren’t the same units. All this means is that neither Italy nor Spain create the equivalent of one new Apple per year. I’m not even sure if that’s accurate, as valuation delta and production might have the same units but still probably aren’t the same thing.
adventured 6y ago
I want to explain why you're being downvoted, why this happens in every HN thread like this (I've been observing it for more than a decade here), and why they're all wrong (every single time). First, you did nothing wrong. You can very easily, very obviously, compare Apple's market cap to the total annual economic output of a nation, or the economic output of any thing over a given amount of time. Apple's market cap of $2 trillion, is greater than the annual economic output of the nation of Italy's 60.3 million people ($1.98t 2019). You just got told that is impossible to do. I just did the impossible. Which do you think is more likely true? It's obvious. It takes the 60.3 million people of Italy a year to produce enough total economic output to almost match the total value of all outstanding Apple shares. Oh shit, I did it again. A spontaneous blackhole may appear and we may all die. I just successfully compared two things everyone repeatedly says is impossible to compare. You can obviously compare the two, and do so quite cleanly, have no fear. I've been watching this herd action for a long time here. People don't seem able to stop and think about the context beyond a primitive twitch action, they just reflexively downvote, and parrot the same responses ad nauseam (it's always the same responses without exception). Second, you have to understand, you're facing off against many people's favorite "gotcha" Smart Person(TM) response. It's an arrow they hold in their bag, for times like this, that helps them feel smarter than you (that's why you'll see so many of the same response, unnecessarily; if they were right, one would be enough). They may not know much about economics or the stock market, however they know this thing, they saw it somewhere else, it sounded true, and they can feel good by downvoting you and by drowning you in one line responses. You deserve better dear user5994461, for your four years of HN dedication and contribution. I want you to know that what you did is perfectly OK.
- romanoderoma 6y ago
  It doesn't make any sense though If Apple bough Italy they wouldn't have enough money to make it work Italy needs two trillions/year to go on, Apple only owns a fraction of that to spend. That's why it is a worthless comparison. A more apt comparison is Apple is valued 2T at 260 billions of revenues in 2019 The total amount of Italian wealth is around 11T at ~2T year of output
- gruturo 6y ago
  You are not going to produce a tear in the fabric of space-time by running a similar comparison, you'd simply be wrong, and life will go on as usual. GDP is an aggregated annual "earning", a market capitalization is the value of all the outstanding shares of an entity, not a periodic earning. A more meaningful comparison would be Apple's annual earnings ($260B, still quite a lot of money) vs a country's GDP, or Apple's market cap ($2T) vs the value of an entire country, rather than their latest GDP. "They're worth $2T, but they didn't make $2T this year, they made $260B".

Something similar was commented below. These figures are not comparable, as GDP is "collected" every year. Revenue for Apple sits at 260B$, which is closer to the GDP of Vietnam.

deleted 6y ago

[deleted]

surething123 6y ago

Comparing income (GDP) vs. assets/market cap isn't really a meaningful comparison, here, as they're fundamentally different things.

romanoderoma 6y ago

Spain, Yes Italy, No

6gvONxR4sf7o 6y ago

Apple’s dollars and Italy or Spain’s dollars per year aren’t the same units. All this means is that neither Italy nor Spain create the equivalent of one new Apple per year. I’m not even sure if that’s accurate, as valuation delta and production might have the same units but still probably aren’t the same thing.

adventured 6y ago

I want to explain why you're being downvoted, why this happens in every HN thread like this (I've been observing it for more than a decade here), and why they're all wrong (every single time). First, you did nothing wrong. You can very easily, very obviously, compare Apple's market cap to the total annual economic output of a nation, or the economic output of any thing over a given amount of time. Apple's market cap of $2 trillion, is greater than the annual economic output of the nation of Italy's 60.3 million people ($1.98t 2019). You just got told that is impossible to do. I just did the impossible. Which do you think is more likely true? It's obvious. It takes the 60.3 million people of Italy a year to produce enough total economic output to almost match the total value of all outstanding Apple shares. Oh shit, I did it again. A spontaneous blackhole may appear and we may all die. I just successfully compared two things everyone repeatedly says is impossible to compare. You can obviously compare the two, and do so quite cleanly, have no fear. I've been watching this herd action for a long time here. People don't seem able to stop and think about the context beyond a primitive twitch action, they just reflexively downvote, and parrot the same responses ad nauseam (it's always the same responses without exception). Second, you have to understand, you're facing off against many people's favorite "gotcha" Smart Person(TM) response. It's an arrow they hold in their bag, for times like this, that helps them feel smarter than you (that's why you'll see so many of the same response, unnecessarily; if they were right, one would be enough). They may not know much about economics or the stock market, however they know this thing, they saw it somewhere else, it sounded true, and they can feel good by downvoting you and by drowning you in one line responses. You deserve better dear user5994461, for your four years of HN dedication and contribution. I want you to know that what you did is perfectly OK.

romanoderoma 6y ago
It doesn't make any sense though If Apple bough Italy they wouldn't have enough money to make it work Italy needs two trillions/year to go on, Apple only owns a fraction of that to spend. That's why it is a worthless comparison. A more apt comparison is Apple is valued 2T at 260 billions of revenues in 2019 The total amount of Italian wealth is around 11T at ~2T year of output
gruturo 6y ago
You are not going to produce a tear in the fabric of space-time by running a similar comparison, you'd simply be wrong, and life will go on as usual. GDP is an aggregated annual "earning", a market capitalization is the value of all the outstanding shares of an entity, not a periodic earning. A more meaningful comparison would be Apple's annual earnings ($260B, still quite a lot of money) vs a country's GDP, or Apple's market cap ($2T) vs the value of an entire country, rather than their latest GDP. "They're worth $2T, but they didn't make $2T this year, they made $260B".