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Forums - General - At $400 billion, Apple is worth more than Greece

Jumpin said:
BasilZero said:

Apple's market cap is higher than the gross domestic product of Greece, Austria, Argentina, or South Africa. (For more comparisons, check out this excellent blog: Things Apple is Worth More Than.)

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.



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yeah comparing apple with greece makes not really sense. comparing any company with any country makes no sense.

btw I hate the stock market so much looking at all those numbers. companies selling products for 150 billion a year making 5 billion profit are worth 10 billion or crap like that and companies selling products for 20 billion with 3 billion profit are worth 150 billion or so just because they rose the last few years^^

if both wouldn't be on the stock market, the real worth would be calculated totally different.



i've meant 15million profit not 5 can't edit damn smartphone.



crissindahouse said:
yeah comparing apple with greece makes not really sense. comparing any company with any country makes no sense.

btw I hate the stock market so much looking at all those numbers. companies selling products for 150 billion a year making 5 billion profit are worth 10 billion or crap like that and companies selling products for 20 billion with 3 billion profit are worth 150 billion or so just because they rose the last few years^^

if both wouldn't be on the stock market, the real worth would be calculated totally different.


The stock market value is the real worth, is what people want to pay for it.



Apple is an amazing company, not because of the mac, but the ipod and iphone

it's true that their products are a bit overpriced, but they mean quality

personally, i don't find any specific reason someone would like to own an ipad or a mac, especiallu mac, windows is much more open, so the PC world is Microsoft



don't mind my username, that was more than 10 years ago, I'm a different person now, amazing how people change ^_^

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Jon-Erich said:
theprof00 said:
green_sky said:
Truly mind blowing what this company has done both financially and shaping modern consumer and design culture. In 96' it was around three months away from going bankrupt or atleast in a really bad position. Just finished reading Steve Jobs biography. It is quite a story showcasing many thing which are part of our daily life. Whether one is apple user or not. Personally i've only used Iphone as other products i find quite a bit expensive.

Don't know why that would be in Steve Jobs autobiography as he has nearly nothing to do with Apple's success today.

Steve Jobs has had nearly nothing to do with Apple's success today? That's a crock. The first thing he did when he returned to Apple waskill dead end products and the company's confusing Performa Mac lineup. He gave the company a sense of focus by having only a few products made instead of many. Instead of having a million Macs with numbers on the end to indentify which was which, he opted to have the consumer mac and the high end Mac, that's it. That was in contrast to Gil Amilio's philosophy of having the company create as many products as possible. He then had the entire company board resign, the same board who led Apple to fail in the first place and replaced them with competent people. Then, he helped influence the company's marketing in a way where he had both consumers and Apple employees believe in Apple again. Over the years, Steve had personal involvement in just about everything Apple worked on down to the design of the product and the marketing of the product. He also came up with with the concept of the Apple Store and focused on every little detail, even the glass staircase in the store and the type of flore some stores would have.

http://www.nytimes.com/interactive/2011/08/24/technology/steve-jobs-patents.html

http://www.ifoapplestore.com/stores/glass_staircase.html

I don't know of a single CEO besides Steve Jobs who spent much of his time and energy on just about every detail of everything that is Apple, from the products, the packing of the products, what materials they were made out of, the marketing behind the products, and the stores that sold the products. So to say that he had nearly nothing to do with the company's success would be to ignore all of this. If anything, he's the very reason Apple still exists today. His drive for Zen-like simplicity is also the reason Apple is the way they are now and the reason why they are not the messy company that Sony has become.

So he took a company that was about to fail, removed it's board, and cut products. Fucking GENIUS.

Apple is where it is today because of Jonathan Ive.

Don't forget that Steve Jobs was behind the wheel the first time Apple was in trouble, and also took all the credit for the other genius of his company, Steve Wozniak. Jobs is incredibly good at taking credit for things. Read Woz' autobiography and see for yourself.



Heavenly_King said:

If I buy an iMac; I will install windows on it. Apple´s OSs, are so simple that want to do everything for you, and I hate that; it is like of it was trying to make you dumb on purpose.

Yes, because computers should be hard to use. Everybody knows that. The more arcane and obtuse a programmer can make an operating system, the better off we'll all be.




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theprof00 said:

So he took a company that was about to fail, removed it's board, and cut products. Fucking GENIUS.

Apple is where it is today because of Jonathan Ive.

Don't forget that Steve Jobs was behind the wheel the first time Apple was in trouble, and also took all the credit for the other genius of his company, Steve Wozniak. Jobs is incredibly good at taking credit for things. Read Woz' autobiography and see for yourself.

You are WAY oversimplifying the situation. Jonathan Ives wouldn't have been put into the position he is today without Steve Jobs' singular vision of where technology should be going. Jobs personally put Ives in a position where he was under no one's control except Jobs himself. He has complete freedom to do as he pleases but even Ives doesn't get everything right the first time. Jobs originally wanted an iPhone around 2004-ish but the first design was so appalling to him that he scrapped the entire project and told the crew to start over.

It was Jobs who created NeXT and later turned it into OS X. It was Jobs who, as newly reinstated CEO, pushed for Apple's first successful product in a decade, the iMac. I can't think of a company whose CEO had more of a direct impact on a product line than Apple and Steve Jobs. Ives played a huge part in the design of many of these products, yes. But it was Jobs who guided the idea down its path. Ives didn't create iOS. Ives didn't create OSX. Ives didn't design every successful product in Apple's line, particularly when it comes to Macs. But Steve Jobs did guide every successful product through every stage of development. He had his hand in everything.

I'm not diminishing the impact of Jonathen Ives but he's a hardware designer. For a company that is 50% software-based, his impact is going to be limited in scope. But you're absolutely diminishing the impact of Steve Jobs. It's no coincidence that Apple turned around almost immediately upon his return.




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kowenicki said:

Absolutely.

And people forget that Steve Jobs had to go begging to Bill gates to save Apple....

the famous conference where Bill gates appeared on a big screen behind Jobs and the crowd were whistling, booing and jeering...  Jobs turned and said "people here have to understand that for Apple to succeed Microsoft doesnt need to fail" (I paraphrase).  Jobs then spent the rest of his time slagging off MS and Gates... classy.

Steve Jobs had to go beg Bill Gates for money (and given that MS was headed toward an anti-trust suit, it was actually vital for MS to keep Apple alive) because the people who were running Apple were so bad at their jobs that Steve was brought back to save the company. Do you honestly think MS "saved" Apple because they're nice guys? They needed Apple afloat or they would have been ripped apart by Congress in an anti-trust suit.

Steve Jobs wasn't even CEO during that conference and had been back at Apple for roughly two months.

I understand that many of you choose to spend your free time hating Apple simply because they're successful but again, at least try to get your facts straight.




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Markets are worthless, market cap is bullshit and the financial world must absolutely collapse, and I really wish it ! Apple is a joke.