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Apple’s Revenue Per Minute vs Other Tech Giants Here are some other approaches to measure Apple’s dominance. It’s important to note, that while Apple’s growth is stellar, European companies have simultaneously seen a decline in their share of the overall global stock market, which helps make these comparisons even more eye-catching.įor example, before 2005, publicly-traded European companies represented almost 30% of global stock market capitalization, but those figures have been cut in half to just 15% today. *Germany’s flagship DAX Index expanded from 30 to 40 constituents in September 2021.
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Nonetheless, Apple’s market cap exceeds that of the 100 companies in the FTSE, as well as the 40 in each of the CAC and DAX indexes. The FTSE 100 consists of giants like HSBC and vaccine producer AstraZeneca, while the CAC 40 Index is home to LVMH, which made Bernard Arnault the richest man in the world for a period of time last year. The three indexes Apple is compared to are heavyweights in their own right.
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This animation from James Eagle ranks the growth in Apple’s market cap alongside top indexes from the UK, France, and Germany. To gauge just how monstrous of a figure this is, consider that Apple is no longer comparable to just companies, but to countries and even entire stock indexes. Since then, Apple has surged to touch a $3 trillion valuation on January 3rd, 2022. While this was perceived as a colossal figure at the time, when we fast forward to today, that valuation seems a lot more modest. In January of 2019, Apple’s market capitalization stood at $700 billion. This important discrepancy is likely the biggest x-factor in determining the ultimate impact that these technologies will have in the coming years, especially on the workforce. Unfortunately, although experts agree that jobs will be created by these technologies, they disagree considerably on how many. AI alone is expected to have an economic impact of $15.7 trillion by 2030.Historically, technology has created more jobs than it has destroyed.One bright spot is that automation and AI will also create jobs, likely in functions that are difficult for us to conceive of today.Technology simultaneously creates jobs, but how many? With the cost of labor generally rising, this makes it more difficult to keep low-skilled jobs.This trend is expected to continue, with the cost of robots falling by 65% between 20.Industrial robot sales are sky high, mainly the result of falling industry costs.By 2035, the range of jobs with high automation potential will be closer to 35-50% for those sectors.By 2025, for example, it’s projected that 10-15% of jobs in three sectors (manufacturing, transportation and storage, and wholesales and retail trade) will have high potential for automation.According to a recent report from PwC, the impact on OECD jobs will start to be felt in the mid-2020s.By the year 2030, it’s estimated that only 35% of time will be spent on such routine work.Īutomation’s impact will be felt by the mid-2020s.
#The history of automation in manufacturing manual#
In an analysis of North American and European manufacturing jobs, it was found that roughly 48% of hours primarily relied on the use of manual or physical labor.Half of manufacturing hours worked today are spent on manual jobs. The precise details are up to debate, but here are a few key areas that many experts agree on with respect to the coming age of automation: Today’s infographic comes to us from Raconteur, and it highlights seven different charts that show us how automation is shaping the world – and in particular, the future outlook for manufacturing jobs. While it’s still incredibly difficult to estimate the ultimate impact of automation and AI on the economy, the picture is starting to become a bit clearer as projections begin to converge. Over the last decade, the prospect of mass automation has seemingly shifted from a vague possibility to an inescapable reality. View the high resolution version of today’s graphic by clicking here.
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The Outlook for Automation and Manufacturing in Seven Charts