<story><title>Apple is regressing to their 1990s identity</title><url>https://triosdevelopers.com/jason.eckert/blog/Entries/2019/8/1_Apple_is_reverting_to_their_1990s_disposition.html</url></story><parent_chain><item><author>askafriend</author><text>No they&amp;#x27;re not. They&amp;#x27;re a different company serving a different, and now global audience. Consider that Apple is more than 5% of America&amp;#x27;s entire GDP, and 1% of the world&amp;#x27;s entire GDP. There are ~1 billion people in the Apple ecosystem and that number is an under-estimate. When Apple chooses to add Sapphire as a material to the Apple Watch or iPhone, they affect global prices for the raw material.&lt;p&gt;People still don&amp;#x27;t get it. It&amp;#x27;s not a game of pattern matching with their past. Not only have they and their customers changed, but the world has changed. Computing has changed.&lt;p&gt;These articles always fail to consider context in favor of the easy, selective, myopic pattern matching.&lt;p&gt;Don&amp;#x27;t take this to mean that Apple is above criticism. They&amp;#x27;re not. But articles like this are lazy.</text></item></parent_chain><comment><author>acover</author><text>&amp;gt; Apple&amp;#x27;s market capitalization is more than 5% of America&amp;#x27;s entire GDP.&lt;p&gt;This compares apples to oranges. In case anyone else is curious:&lt;p&gt;Apple&amp;#x27;s worldwide revenue (258 billion) is 1.2% of America&amp;#x27;s GDP (19.9 trillion) or 0.3% of World GDP (84 trillion).</text></comment>
<story><title>Apple is regressing to their 1990s identity</title><url>https://triosdevelopers.com/jason.eckert/blog/Entries/2019/8/1_Apple_is_reverting_to_their_1990s_disposition.html</url></story><parent_chain><item><author>askafriend</author><text>No they&amp;#x27;re not. They&amp;#x27;re a different company serving a different, and now global audience. Consider that Apple is more than 5% of America&amp;#x27;s entire GDP, and 1% of the world&amp;#x27;s entire GDP. There are ~1 billion people in the Apple ecosystem and that number is an under-estimate. When Apple chooses to add Sapphire as a material to the Apple Watch or iPhone, they affect global prices for the raw material.&lt;p&gt;People still don&amp;#x27;t get it. It&amp;#x27;s not a game of pattern matching with their past. Not only have they and their customers changed, but the world has changed. Computing has changed.&lt;p&gt;These articles always fail to consider context in favor of the easy, selective, myopic pattern matching.&lt;p&gt;Don&amp;#x27;t take this to mean that Apple is above criticism. They&amp;#x27;re not. But articles like this are lazy.</text></item></parent_chain><comment><author>paul_milovanov</author><text>Pet peeve: company market cap cannot and should not be compared to GDP of a country. The best comparable is the &amp;quot;Gross Value Added&amp;quot; GVA = delta in EBITDA + employee compensation, as outlined here by Matt Klein in FT Alphaville:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;ftalphaville.ft.com&amp;#x2F;2015&amp;#x2F;01&amp;#x2F;28&amp;#x2F;2103622&amp;#x2F;if-apple-were-a-country&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;ftalphaville.ft.com&amp;#x2F;2015&amp;#x2F;01&amp;#x2F;28&amp;#x2F;2103622&amp;#x2F;if-apple-were...&lt;/a&gt;&lt;p&gt;Others have recently estimated Apple GVA to be 0.5% of US GDP and 0.15% of world GDP.</text></comment>