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Sounds like you're comparing revenue with market cap, which doesn't make much sense. Apple's recent annual revenue was ~275B.
by TulliusCicero 6y ago
Sounds like you're comparing revenue with market cap, which doesn't make much sense.
Apple's recent annual revenue was ~275B.
- ginko 6y agoI assumed the 440B was the market cap of the industry. Why would they mention revenue without specifying.
- killtimeatwork 6y agoThey said "market", which is the place where things are bought and sold. That's why it's fairly clear that they refer to revenues and not companies valuations.
- oblio 6y agoBecause it's quite standard to mention sales, you know, actual revenue, not market cap, which can be 1 today and 1 billion tomorrow, depending how the hype trains move.
- TulliusCicero 6y agoWhy would they mention market cap without specifying? When financial articles say, "20% of the market", they're always talking about revenue by default.