Apple Is Worth More Than Greece

[Christian Schumacher]

To put things in perspective:

https://www.forbes.com/sites/timworstall/2012/01/24/things-that-apple-is-worth-more-than/

“Also, Apple just isn’t worth more than the entire economy of Singapore. Can you buy Singapore for $350 billion? Can you buy Apple for that? Well, yes, you can buy Apple for that (ignoring take over premiums to be sure) but you most certainly cannot buy Singapore for that.

For GDP is the annual value added of Singapore, not the capital value which is what the stock market valuation of Apple is. The correct comparison of GDP is to annual value added by a company: essentially, wages paid plus profits. Which, for Apple, is still pretty high, agreed, but it’s not $350 billion.”

Although in raw numbers, 400B is bigger than 200B (Greece’s GDP), that kind of comparison is incorrect also. So, no. Apple isn’t worth more than Greece. Not even Greece’s GDP, if you take in account the annual value added by a company, which in Apple’s case is not 200B.

[Bill Tsolakidis]

Well Greece, as a civilization, is over three thousand years old…..