This compares apples to oranges. In case anyone else is curious:
Apple's worldwide revenue (258 billion) is 1.2% of America's GDP (19.9 trillion) or 0.3% of World GDP (84 trillion).
Apple's value (market cap) is intrinsically tied to the stock market and America's growth.
But thanks for posting the revenue calculations as well. I think those numbers still support my point (because they too, are crazy)
Apple even just 15 years ago was a scrappy company trying to find its footing and had nowhere near the customer base it does today.
It's technically a stock vs flow difference. Not trying to correct, just expand.
Thanks!
https://ftalphaville.ft.com/2015/01/28/2103622/if-apple-were...
Others have recently estimated Apple GVA to be 0.5% of US GDP and 0.15% of world GDP.
I appreciate you pointing out an alternate methodology though.
The 1.2%/1.6% and even 0.5% figures quoted by others in this thread are still high numbers for a single company, but I submit that "more than 5%" would be a very different number (3x-20x, depending on which of the other numbers you believe) and is a gross exaggeration.
Ugh. Comparing a dollar number with a dollars/year number is really ugly. It's not even the same unit!!
When you put it like that it really does bring Apple's dominance into sharp relief.
(the only attribute of apple that is 5% of US GDP is market cap.)
Outside of phones, their MacBooks are teetering on the edge of no longer being competitive. The sole reason I most recently bought a MacBook instead of a different PowerBook with a tablet screen is that Linux support for tablet screens is still lacking, and my desire for POSIX overrode my desire for a touch screen. The next time I buy, I doubt that will be true of Linux. Either Apple will come late to the game with touch screen laptops (rather exemplifying the article's point that their hardware lags the competition), or they won't, and it will make far more sense to get a faster third party tablet book and put a free OS on it. And I doubt the average customer will care as much about POSIX as I do, but again, as in the nineties, serious developers aren't going to take Apple seriously forever if this keeps up.
Our devs on Macs use them for Objective-C, Swift, Java and .NET Core.
People still don't get it. It's not a game of pattern matching with their past. Not only have they and their customers changed, but the world has changed. Computing has changed.
These articles always fail to consider context in favor of the easy, selective, myopic pattern matching.
Don't take this to mean that Apple is above criticism. They're not. But articles like this are lazy.