10 ms·
> Apple and Sweden have about the same valuation right now Sweden doesn't have valuation, so you can't compare them. Apple has valuation which is measured in
by maratc 6y ago
> Apple and Sweden have about the same valuation right now
Sweden doesn't have valuation, so you can't compare them.
Apple has valuation which is measured in dollars. Sweden has GDP which is measured in dollars per year. The units are different, so the numbers aren't comparable.
I guess one can say "Sweden produces about one Apple's worth in a year", or "Saudi Arabia produces about one Apple's worth in a year and a bit". This however makes owning Sweden/Saudi Arabia look better than owning Apple by a shot.
- deleted 6y ago[deleted]
- pbourke 6y ago> Apple has valuation which is measured in dollars. Sweden has GDP which is measured in dollars per year. The units are different, so the numbers aren't comparable. Of course. I was referring to Sweden's national wealth[1], which is roughly equal to Apple's market cap of $2T. Sweden's GDP of $560B is only roughly twice Apple's FY2020 revenue of $275B. Apple is worth roughly 2% of the national wealth of the United States, which is $106T. [1] https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth https://en.wikipedia.org/wiki/List_of_countries_by_total_wea...
- maratc 6y ago> National net wealth, also known as national net worth, is the total sum of the value of a nation's assets minus its liabilities. For the little sense that comparing a public company to a nation state makes, one still might be inclined to compare Apples to apples (and not to Oranges). In this case, one should compare National Wealth (country's assets minus its liabilities) against Apple's assets minus its liabilities. That calculation gives us about 65B dollars, which puts Apple somewhere between Ghana (95th) and Turkmenistan (96th).