Re:Apple Q4/2022
by rcpt on Thursday October 27, 2022 @06:31PM
(#33364879)
I feel like oil companies are somehow hiding it. Oil is absolutely everywhere from transportation to shipping to energy to packaging to building materials. I simply can't believe that Apples revenue is larger than some of the biggest oil companies
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Re:Apple Q4/2022
by jesuscript on Thursday October 27, 2022 @06:36PM
(#33364932)
It’s hidden in the Kingdom of Saudi Arabia and UAE.
> I simply can't believe that Apples revenue is larger than some of the biggest oil companies
Then this might blow your mind even more: In 2017, at a market cap of more than $2.1 trillion, Apple's market capitalization is larger than 96% of country GDPs, a list that includes Italy, Brazil, Canada, and Russia. In fact, only seven countries in the world have a higher GDP than Apple's market cap.
GDP is essentially the total yearly revenue of a country, so it's not directly comparable to a companies market cap.
GDP isn’t the total revenue of a country, total tax receipts are.
If you think of the German government as a business, they generate roughly 2X the revenue of Apple, but with 5 million employees vs. Apple’s 150k.
Of course, the German government doesn’t optimize for growth and expansion like a company does (at least…not yet in this century… nervous laugh)