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CNN recently had a story titled: At $500 billion, Apple is worth more than Poland
Sorry, but this is just wrong.
US$500 billion (A$465bn) is Apple's market cap - the entire value of all its parts as judged by the market.
True, that's bigger than the GDP of Poland, but it's a false equivalence, because the GDP is just one year's worth of national output for the country.
If you wanted to do an, ahem, apples to apples comparison, you'd have to look at the total value of all the assets in Poland and compare that to the market cap.
A better measure of Apple's "GDP" might be its annual sales, which came to US$127 billion (A$118bn) last year.
At least per Wikipedia, that does make Apple the same size Qatar.
People are so intent to make this comparison over and over again, but it's straight up nonsense.
Yahoo!7 Finance Calculators:
29 Comments
Apple have been going down for a couple of years now. The Windows Phone format will be number one in a very short amount of time. Easier, quicker, and can join more to more household items.
ReplyIt gonna be called iPad 4G.... I cant wait for mine....
ReplyThe people that do not like apple are they the ones that don't know how to use apple products. it would be the most easiest technology in the world that you can understand.
ReplyWhen I found this artical in Yahoo, I saw "is Apple worth more than a European country" the first thought that came to mind is "is Apple richer than Greece?"
Reply".....on this plant?" Hey pal we could be the dumbest creatures but atleast we ain't livin' on no plant. Which planet do you come from? Do they grow apples there or dumbnuts for dumb Cons?
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