“It should be noted that GDP measures the value of goods and services produced in a country and is not identical to a company’s revenue. “Apple Is Not As Big As Israel, Greece, Denmark Or Hong Kong, Please, Get A Grip,” grumbled Forbes. But just because GDP is different doesn’t mean the comparison isn’t useful; indeed it highlights an important shift in the power balance between countries and corporations.”
OK, that’s told me then, eh?
But then we get:
“Take Nokia, for example, which accounted for a 4% of the Finnish GDP in 2000 and had 41% of the mobile phone market worldwide in 2006. “
Nokia’s 2006 turnover was of the order of 56 billion euros. Or more than 50% of Finnish GDP in 2000. The difference between 50% and 4% of GDP is quite large isn’t it? So, umm, perhaps they’re not all that great as numbers to compare then, eh?
BTW, Apple as a percentage of US GDP. About 0.6%. Roughly you understand.