Did you know: Apple’s revenue exceeds the economic output of most countries

Credit: Aamir Siddiqui / Android Authority

We all know that Apple is one of the richest companies in the world. In terms of revenue, the iPhone maker earned an astounding $119.58 billion last quarter alone. But it can be hard to appreciate the scale of this number. After all, even a single billion is an unfathomable amount that most of us don’t have much experience with. Let’s put that figure into some perspective then: Apple’s 2023 revenue surpasses the economic output of more than 75% of countries.

First, it’s worth noting that I’m not talking about Apple’s market cap here. That metric currently stands at around $3 trillion, but it’s closely tied to the company’s stock price. Instead, we’re concerned with Apple’s revenue or the amount of money it makes from selling goods and services. And in that respect, it eclipses other tech giants and even medium-sized economies.

Author: Calvin Wankhede. [Source Link (*), Android Authority]

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