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The answer is not convincing - with a comparable net income level, the world's largest bank ICBC only has 1/7 of apple's market cap. Vodafone had over 100 billi
by dis-sys 6y ago
The answer is not convincing - with a comparable net income level, the world's largest bank ICBC only has 1/7 of apple's market cap. Vodafone had over 100 billion earnings back in 2014, that was like two years of apple earnings in 12 months, Vodafone never had a 24,000km high market cap built with $100 notes.
- rmah 6y agoFor ICBC, it's a state-owned institution. And a bank. The accounting is special for banks (and mostly beyond me). Some say, it's doubly "special" for companies like ICBC. For Vodafone, that number was a special one time gain from the sale of Verizon Wireless. In 2014, they showed an operating loss of £3.9B (but a overall gain of £11B because of income tax credits -- hoorah for financial engineering?)
- scarface74 6y agoRevenue or profit?