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Apple revenue (2020) $274 billion Czech Republic GDP (2021) $276 billion
by qnsi 5y ago
Apple revenue (2020) $274 billion
Czech Republic GDP (2021) $276 billion
- lostlogin 5y agoThe reserves are another part of this too, though countries would probably be primarily managing debt, while Apple has a lot of savings too.
- arcticbull 5y agoIt's an especially interesting statistic because GDP is calculated as money velocity times supply. Meaning, each time a unit of currency changes hands in any purchase, it counts towards GDP. That means Apple, one entity, receives (not including spending) as much money as every single transaction that occurred in the entire country of the Czech Republic in a given year. Any people say Apple is overvalued...