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by hilux 784 days ago
56% of Apple's revenue is from outside the US. 38% of Boeing's revenue is from outside the US. 58% of Caterpillar's revenue is from outside the US. (Those are the first three companies I checked.)

If American companies took the attitude "America #1, we don't need foreign customers," I don't think you would like the impact the resulting revenue loss would have on the American economy.

3 comments

100% agree, than you.

May I ask, where do you find those numbers? Did you actually go to their earnings reports one by one, or is there an easier way?

> on the American economy

looks upward for the trickling down implied here

Add up the employees those companies employ in America and multiply that by their respective proportion of foreign revenue. That's the trickle-down.
But overall total trade deficit is still lopsided correct?

I'm all for increasing exports. What markets are untapped where something could be made in US and exported.

Apple doesn’t make much hardware in the USA anymore, so you have to count the software and hardware IP from the actually hardware/finished product, so accounting what percent of value for an iPhone is generated in China/other countries vs the USA. For Boeing it’s slightly easier, but they also have an international supply chain.