03-14-2012, 02:19 PM
haikuman wrote:
http://www.bbc.co.uk/news/magazine-17344386
Is Apple really worth more than Poland?
By Ruth Alexander
BBC News
"At $500 billion, Apple is worth more than Poland" - so shouted the headlines last week. Can the technology giant really be worth more than this entire country? No, and here's why.
CNN started this news line, which was picked up by media organisations around the world.
It seems like an amazing fact - that Apple's stock market value, or market cap, of $506bn (£323bn) makes it worth more than Poland, whose Gross Domestic Product is about $470bn (£300bn).
This would make Apple around the 20th biggest economy in the world.
But it is not true. It makes no sense to compare the two like this. You might as well compare… apples and pears.
*(:>*
They also ran a old picture of the Apple store. An irrelevant click-bait article.