Oh good point!

Caffaine is less harmful than LSD?

An even better point

Even that is too much. You need to compare a company's Economic Value Added to GDP, not all revenues.

If a country imports $200 of components to assemble a $300 Apple product it generates only $100 of GDP. But from Apple's perspective, if Apple imports $200 of components to sell a $300 product it generates the full $300 as revenue (but only $100 of EVA, which would be the correct comparison).

>More relevant would be comparing Apples operating income to GDP.

EVA should be a better measure. Operating income isn't really a good comparison - for example it excludes worker salaries, while GDP includes them.

Market cap isn’t the equivalent of a corporations “GDP”. The appropriate comparison would be to compare gross revenue to GDP.

As someone who worked as a professor for 6 years, I'm not surprised (though I sincerely hope it's not in econ). Many PhD students are dumb as rocks. After you get in it's very hard not to graduate. Sure, they make you jump through various hoops but in the end it's mostly just for show and you get your degree in the end.

all years those countries produce an apple company

I’m not sure what you mean by «mean». The comparison is simply one way of putting Apple’s market cap into a bigger perspective.

I hate living in the left column

It means OP doesn't understand basics of economy and just likes to compare random numbers to each other.

And this guy says he's going for a PhD lmao

So you need $64,000,000+ to be worth more than a country.

It means that apple provides more valuable services to the rest of the world than those countries

You’re comparing two completely different metrics. More relevant would be comparing Apples operating income to GDP. Apples operating income for 2022 was ~$120B, which is a little more than the GDP of Sudan.

A bit odd to compare gdp to market cap. A more useful comparison would be total wealth vs market cap or gdp vs earnings. Apple's earnings were a touch under $100b over the last 12 months. That equates to the bottom 41-45 countries based on OP's data.

This is because not all states have populations evenly divisible by 760000. For example if state A has a population of 1.125 million that would corespondent to 1.5ish representatives, but since there’s no such thing as half a representative, either 1 or 2 must be chosen, and either way it will be disproportionate. With smaller states, the inaccuracy means more proportionally as 2 is twice as big as 1, but 53 is only 1.02x as big as 52.

A similar thing happens with states that have populations below 760000. No matter how disproportionate, states are always given at least one representative, because the alternative of giving them none is insane.

This is why, if you actually looked at your own data, you would find that small states are also the most underrepresented while most big states are near the middle. The house does not benefit small states, it was designed specifically to be as proportional as possible.

There are lots of disproportionate institutions in America, but the house is not one of them.

Nothing, it's just numbers vs numbers

/r/dataisboring

I think it means rich people are rich and poor people are poor. See the chart? The rich people put their money in apple stock, while even all these poor countries put together couldn't come up with enough money to buy as much apple stock as the rich people have.

If you think about it though, say they did try to somehow harness the entire GDP and pump it into apple. It would just help the rich who already own the stock become even richer!

Yeah it means nothing.

Even odder, comparing a flow to a stock. Come on now...

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Fun fact; the richest guy on earth is richer than the poorest guy on earth!!!!!!1!1!1!1!1!1!

I think you should add the population of those countries combined. I'm curious. And nice data presentation, definitely fits the sub!

edit: I see you've added that

What does it even mean to compare market cap to GDP?

Data: IMF, NASDAQ, World Bank

Tools: RStudio; ggplot2