4 months agoClick here for the fun graphic.
My take: Of course, it's not as if Apple could buy Italy, even if it wanted to. Market capitalization is not the same as gross national product.
Below: Rome...
You must be logged in to post a comment.
on This week's Apple trading strategies (2/6-2/10/23) '@Emery The buybacks have made the share price much more predictable by ironing out the amazing 5-10% daily moves the…' on This week's Apple trading strategies (2/6-2/10/23) '@ Jospeh in the end the cow gets served up for dinner though 🙂' on Mark Gurman: Apple's next industrial design chief doesn't work at Apple 'My take: For the second time in a few months, I find myself in agreement with Gurman. I’ve been harping…'
on Mark Gurman: Apple's next industrial design chief doesn't work at Apple '“…. Design is one of the most critical departments at Apple. Having no one to take up the mantle is…'
on This week's Apple trading strategies (2/6-2/10/23) '@ Tommo: “The cowboy ropes a cow with ease; the farmer steals her butter and cheese – but that’s no…' on Mark Gurman: Apple's next industrial design chief doesn't work at Apple '@ Kirk: Upvoted. “Creatives are good at understanding each other and at polishing the stone of a design ideal.” The…' on With 18% of the smartphone market, Apple took 85% of the profits last quarter 'Forget market share. It’s all about the installed base. Total worldwide “smartphone” installed base is hovering around 4.5 B, but…'
on Mark Gurman: Apple's next industrial design chief doesn't work at Apple 'A forced evolution of leadership/control. The Jobs/Ive era was a once in a lifetime ‘coming together of the minds’. Since…'
on With 18% of the smartphone market, Apple took 85% of the profits last quarter 'Flat footed? Samsung is selling Flip:Fold at 70%:30% ratios. At $999 and $1799, Samsung will be lucky to sell 8-9M…'
on This week's Apple trading strategies (2/6-2/10/23) 'How has the stock buy-backs impacted your analysis? Do you think the buy-backs have changed some of the patterns, either…'
Saluti!
Wikipedia:
“Since the end of World War II in 1945, Italy has had 69 governments, at an average of one every 1.11 years.”
One of Apple’s many super powers is their ability to make long-range investments. Much tougher for a country like Italy.
The same may be said for Samsung Chaebol, seeing as the country and government “depend” on Samsung for 20% of GDP, plus prestige, economic power, and influence. So much so that Samsung’s dominance induces the Korean government to pardon its family / company leader from fraud and bribery charges. Why? “Justice Minister Han Dong-hoon said the pardons of the business tycoons were aimed at “overcoming the economic crisis through encouraging business activity” at a time when South Koreans are grappling with rising prices, high personal debt and a faltering job market.”
Philip’s Take is on Point. More confusing gobbledygook from writers. “Apple is Richer than Italy ” headline doesn’t help.
Maybe Apple has more free cash flow than Italy? As others have said Market Capitalization is not the way to measure wealth. Unless you are the owner. Which Apple is not really the owner of its stock (except when they buy it back). Investors are for the most part. Who are the investors/owners of Italy.
Here’s another :
“ Apple & Amazon’s $195M Italian antitrust fine dismissed “
By Malcolm Owen | AppleInsider | Oct 03, 2022
One could go on