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Apple Is Worth More Than Greece

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Gerry Fraiberg
Apple Is Worth More Than Greece
on Jan 25, 2012 at 3:30:01 am

Just to put things in perspective...

http://techcrunch.com/2012/01/24/boom-boom-boom-boom-boom-boom/



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Rafael Amador
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 3:35:40 am

Nothing last forever.
rafael

http://www.nagavideo.com


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Bret Williams
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 8:01:03 am

You're talking about Greece, right?


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Morten Ranmar
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 9:07:36 am

Yeah, what would you rather have; Tzatiki or an iPad?

- No Parking Production -

2 x Finalcut Studio3, 2 x Prod. bundle CS5.5, 2 x MacPro, 2 x ioHD, Ethernet File Server w. X-Raid.... and FCPX on trial


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Christian Schumacher
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 1:28:30 pm

Apple Fan boys never cease to amaze me...

Apple is worth more than Greece's Annual Gross Domestic Product.

Not the entire country's assets. Duh!


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Steve Connor
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 1:30:03 pm

[Christian Schumacher] "Apple Fan boys never cease to amaze me...

Apple is worth more than Greece's Annual Gross Domestic Product.

Not the entire country's assets. Duh!
"


Not yet at least :)

Steve Connor
"FCPX Agitator"
Adrenalin Television


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Christian Schumacher
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 1:54:53 pm

[Steve Connor] "
Not yet at least :)"


Don't hold your breath too much:

http://browse.deviantart.com/?q=ibong&order=9&offset=24#/d2n870p


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Steve Connor
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 1:58:43 pm

[Christian Schumacher] "Don't hold your breath too much:"

I thought with one of those, holding your breath would be a good thing!

Steve Connor
"FCPX Agitator"
Adrenalin Television


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Christian Schumacher
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 2:01:08 pm

[Steve Connor] " I thought with one of those, holding your breath would be a good thing!"

If you're keen on having a good Apple pipe dream, yes!


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Gerry Fraiberg
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 2:46:49 pm

Merely stating the facts:

CUPERTINO, California—January 24, 2012—Apple® today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.

Fanboy or not, regardless of your thoughts on the company and its products, the fact is that Apple at the moment is hugely successful. From the Tech Crunch article: "At over $400 billion, Apple is now worth more than Greece, CNN Tech says."



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Christian Schumacher
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 3:07:07 pm

[Gerry Fraiberg] "Fanboy or not, regardless of your thoughts on the company and its products, the fact is that Apple at the moment is hugely successful. From the Tech Crunch article: "At over $400 billion, Apple is now worth more than Greece, CNN Tech says.""

Who's to say that Apple isn't a strong growing company? I was responding to a poster joking that Greece wouldn't last forever. And being the cradle of our west civilization, I guess they will last as long as anybody here.
The thing omitted in your report is that Apple is worth more than Greece's Annual GDP. That's a fact.


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Christian Schumacher
Re: Apple Is Worth More Than Greece
on Jan 25, 2012 at 3:14:52 pm

To put things in perspective:

http://www.forbes.com/sites/timworstall/2012/01/24/things-that-apple-is-wor...

"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.


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Bill Tsolakidis
Re: Apple Is Worth More Than Greece
on Dec 11, 2012 at 2:04:41 pm

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


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