Jumpin said:
I am not saying that Apple isn't insanely valuable, but your comparison is WAAAAY off.. These two comparisons represeent two very different things. GDP is the amount of revenue actually spent on the domestic market. Market Cap is the value of current stock based on multiplying the current buying price by the current volume. In other words - GDP does not equal the value in the same way that market cap does not equal revenue. A more valid comparison would be comparing the total revenue of Apple to the GDP of Greece. The actual value of Greece is very likely in the trillions. So, for example, someone who was crazy and had 400 billion, if everyone sold to him at the current buying price, then he could buy 100% of Apple for 400 billion. On the other hand, simply because the Greeks spent 400 billion last year, does not mean that the price of purchasing ALL OF Greece would be 400 billion dollars. To illustrate: The average house in Athens Greece costs the equivalent of nearly 400,000 USD$, and the population of Athens is 3.7 million. So if you say there are about 1 million homes in Athens - for For 400 billion USD, you could buy all of the homes of Athens - but this is a very distant accomplishment than purchasing 100% of Athens (let alone all of Greece) - you haven't even bought mineral rights, historic sites, public buildings, all of the commercial businesses and their properties, all of the industry of athens, all of the banks, etc....
In other words, Apple is not worth anywhere near the value of Greece. |
Yup, completely misleading title. GDP and market cap aren't comparable. You can compare revenue and GDP, but even that comparison is screwed.










