Apple is richer than Italy

"If Companies Were Countries: Top 20 Richest 2015-2022" was posted Monday by Flourish.

Click 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...

11 Comments

  1. Romeo A Esparrago Jr said:
    Molte grazie mille, Apple!
    Saluti!

    5
    October 3, 2022
  2. Bart Yee said:
    Considering the persistent and multiple wide ranging changes in Italian government over the decades since WW II, I don’t think Apple would want to buy Italy either.

    Wikipedia:
    “Since the end of World War II in 1945, Italy has had 69 governments, at an average of one every 1.11 years.”

    5
    October 3, 2022
    • Alan Birnbaum said:
      “ creative destruction “ (mostly destruction)

      0
      October 3, 2022
    • Fred Stein said:
      Thanks. Very interesting.

      One of Apple’s many super powers is their ability to make long-range investments. Much tougher for a country like Italy.

      0
      October 3, 2022
  3. Gary Morton said:
    This business of comparing a company’s market cap to the GDP of a country is interesting, but misleading. For example, Saudi Aramco, which is a single company within Saudi Arabia, has a market cap greater than the GDP of its parent country. Does that mean that Aramco is worth more than the country that houses it? Countries have military power, alliances, and significant populations. Companies can still be nationalized, are subject to governmental regulations and constraints, and mostly depend on their host countries for defense. GDP is more analogous to a company’s annual revenue than its’ valuation.

    4
    October 3, 2022
    • Bart Yee said:
      @Gary While agreeing with you entirely on the metrics you quoted, IMO, the whole of Saudi Arabia’s prestige, wealth, power, and influence literally comes from this one “company” given Saudi Arabian government owns 98.5% of it and the country benefits (or suffers) from Aramco’s (and OPEC+) manipulated revenues. And here in the midst of global demand ups and downs, and now Russian oil sanctions, they wish to CUT production to keep oil prices UP instead of allowing “free” market to determine pricing.

      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.”

      0
      October 3, 2022
  4. Steven Philips said:
    Where in the World is Carmen… er Metafeces?

    0
    October 3, 2022
  5. David Emery said:
    “Apple is Richer than Italy” and then “Tim Cook meets Pope” – is there a message here??

    4
    October 3, 2022
  6. Daniel Epstein said:
    “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.”
    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.

    1
    October 3, 2022
  7. Romeo A Esparrago Jr said:
    All these Apple & Italy stories today.

    Here’s another :
    “ Apple & Amazon’s $195M Italian antitrust fine dismissed “

    By Malcolm Owen | AppleInsider | Oct 03, 2022

    3
    October 3, 2022
  8. John Butt said:
    Apple is valued at more that 10% of the USA.

    One could go on

    0
    October 3, 2022

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