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56% of Apple's revenue is from outside the US. 38% of Boeing's revenue is from outside the US. 58% of Caterpillar's revenue is from outside the US. (Those are
by hilux 3y ago
56% of Apple's revenue is from outside the US. 38% of Boeing's revenue is from outside the US. 58% of Caterpillar's revenue is from outside the US. (Those are the first three companies I checked.)
If American companies took the attitude "America #1, we don't need foreign customers," I don't think you would like the impact the resulting revenue loss would have on the American economy.
- bdjsiqoocwk 3y ago100% agree, than you. May I ask, where do you find those numbers? Did you actually go to their earnings reports one by one, or is there an easier way?
- FrustratedMonky 3y agoBut overall total trade deficit is still lopsided correct? I'm all for increasing exports. What markets are untapped where something could be made in US and exported.
- seanmcdirmid 3y agoApple doesn’t make much hardware in the USA anymore, so you have to count the software and hardware IP from the actually hardware/finished product, so accounting what percent of value for an iPhone is generated in China/other countries vs the USA. For Boeing it’s slightly easier, but they also have an international supply chain.
- mistrial9 3y ago> on the American economy looks upward for the trickling down implied here
- triceratops 3y agoAdd up the employees those companies employ in America and multiply that by their respective proportion of foreign revenue. That's the trickle-down.