Dear Apple Executives,
30 years ago: Eastman Kodak was one of the largest of the “Nifty Fifty” — Yesterday: Kodak filed for bankruptcy.
500,000 Apple Jobs in China 40,000 in USA see a Problem??
“Apple is worth more than Greece (Or Argentina or South Africa)”
Also Lesoto, Togo, Zimbabwe, and Djibouti.
It isnt exactly hard for a company to be “worth” more than bankrupt nations.
Of course, market cap v. GDP is a stupid comparison: market cap is valued in dollars, GDP in dollars/year. It’s a bit like marvelling that the distance from Kansas City to Wichita in miles is bigger than the speed limit on the Kansas Turnpike in miles/hour.
Let me know when a company’s market cap exceeds the total value of all capital in a developed country, or a company’s annual revenues exceed a developed country’s GDP and I’ll be impressed.
hell, I’M worth more than Greece. most of us are since greece has a negative net worth;-)