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Apple just hit a $1 trillion market cap
CNBC ^ | August 2, 2018: 9:25AM | Sara Salinas

Posted on 08/02/2018 9:35:29 AM PDT by Swordmaker



TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: 000; 1; apple; applepinglist; corporateamerica
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1 posted on 08/02/2018 9:35:29 AM PDT by Swordmaker
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To: ~Kim4VRWC's~; 1234; 5thGenTexan; AbolishCSEU; Abundy; Action-America; acoulterfan; AFreeBird; ...
ONE TRILLION DOLLAR MARKET CAP!—PING!


Apple Makes History When Market Cap Tops
$1,000,000,000,000!
Ping!

If you want on or off the Mac Ping List, Freepmail me.

2 posted on 08/02/2018 9:39:20 AM PDT by Swordmaker (My pistol self-identifies as an iPad, so you must accept it in gun-free zones, you hoplaphobe bigot!)
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To: Swordmaker
And to think that around 1995, people thought Microsoft should have been broken up by the govt because of its "monopoly" in the OS and browser market.

Had that happened, Apple may not have had to innovate to get to where it is today and we'd all be forced to use Netscape on our Nokia flip phones.

3 posted on 08/02/2018 9:39:22 AM PDT by DoodleBob
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To: Swordmaker

Bezos is deeply saddened. I wonder if this will be reported in the AWP, i.e. Compost.


4 posted on 08/02/2018 9:42:01 AM PDT by scottinoc
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To: Swordmaker

Outperforming the GDP of how many countries in the world? Probably more than a few states in the US combined.


5 posted on 08/02/2018 9:43:00 AM PDT by Bayard
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To: Swordmaker

It’s not that Apple is worth a lot. It is that the dollar is worth so little.


6 posted on 08/02/2018 9:43:02 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: DoodleBob

I didn’t like Apple back in 1984, and I still despise them today :p

(although, I DID learn Pascal on them (Turbo Pascal))...


7 posted on 08/02/2018 9:48:27 AM PDT by Bikkuri
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To: Bikkuri

any guesses on the jobs number tomorrow..


8 posted on 08/02/2018 9:49:09 AM PDT by Hojczyk
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To: cuban leaf
It’s not that Apple is worth a lot. It is that the dollar is worth so little.

While that is a good point, it's all relative in that Apple is still worth more than all other publicly traded non-government capitalized companies in the world. I grant you that counters do not matter. . . but it is an impressive number of place-holding zeros.

9 posted on 08/02/2018 9:50:19 AM PDT by Swordmaker (My pistol self-identifies as an iPad, so you must accept it in gun-free zones, you hoplaphobe bigot!)
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To: Swordmaker

It’s a good thing they use suicidal 3rd world slave labor, otherwise they’d be in debt.


10 posted on 08/02/2018 9:51:45 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: Swordmaker

Yeah. You really are right about that.

What concerns me is that if the CPI catches up with stocks, we’re in big trouble.


11 posted on 08/02/2018 9:53:24 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Swordmaker

Just think.

If that Trillion Dollars were applied to the Federal Budget, it would only cover the Interest in the National Debt for about 18 Months.

That’s it.


12 posted on 08/02/2018 9:54:13 AM PDT by Kickass Conservative (THEY LIVE, and we're the only ones wearing the Sunglasses.)
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To: Bayard
Outperforming the GDP of how many countries in the world? Probably more than a few states in the US combined.

Not comparable. . . but net worth is probably much higher if one does not count net untapped natural resources of those nations. Market Cap is liquidation of capital valuation if all the stock is sold at once, which would never happen.

It's not book value, or even any real value. It's what the investors (call them gamblers) of Wall Street all agree the value of the stock (ownership) of Apple Inc is worth. Essentially is a market agreement (the price at which a willing seller and a willing buyer to exchange a share) of the exact moment that a single share of AAPL stock is selling for times the number of shares in existence. . . a purely artificial figure.

Mad Money host Jim Cramer said of Apple's valuation:

Apple is valued like a ‘sturdy, cyclical industrial’ at just over 17 times next year’s earnings estimates. Instead, he said, it should be on par with top consumer goods stocks, which tend to trade at mid-20s multiples,” Gurdus reports. “‘In fact, [Apple] should be covered by the same analysts that cover a Procter & Gamble, a Clorox, a PepsiCo, a Colgate, because if it were, I could argue it should be valued at well north of $280 instead of about $200, where it is right now,’ the Mad Money host said… ‘The organic growth of these so-called steady-eddie companies is nowhere near that of Apple,’ he said of the consumer packaged goods plays. ‘The cash return to shareholders is nowhere near that of Apple. The brand loyalty is nowhere near that of Apple. The worldwide pervasiveness is fractional versus Apple. That’s how I could explain how the stock should have a $300 target, not a $200 target, which I think it’ll eclipse tomorrow,’ he continued.”

13 posted on 08/02/2018 10:07:21 AM PDT by Swordmaker (My pistol self-identifies as an iPad, so you must accept it in gun-free zones, you hoplaphobe bigot!)
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To: Swordmaker

I knew I should’ve bought Apple stock back in the 90s when everyone said the company was dying.


14 posted on 08/02/2018 10:24:48 AM PDT by al_c (https://conventionofstates.com)
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To: central_va
It’s a good thing they use suicidal 3rd world slave labor, otherwise they’d be in debt.

Sigh. You're lying again. central_va. As I've pointed to you out over 100 times in various threads where you've posted your lies, the 18 "suicides" in an 18 month period in 2010-2011, are a suicide rate of less than 1 in 100,000 per year. Compare that to a suicide rate among a similar cohort of young people in the same age grouping in Ivy League colleges of 11 per 100,000 in the United States in the same period. . . or a overall Suicide rate in China of 19 per 100,000 in the entire population.

Add to that the fact that what few suicides there were, were in plants manufacturing Microsoft Xboxes, Hewlett Packard Computers, Sony Playstation, and Nokia Phones, NOT ANY APPLE PRODUCTS at all. In fact, the nearest Foxconn plant making any Apple products was 125 miles away from where any of the suicides in that minor spate of suicides among over 750,000 employees occurred.

As for "slave labor," the employees at Foxconn are employees, especially on Apple assembly lines, earning the US equivalent of between $2.80 and $3.60 per hour, a 30% differential over the hourly rate paid to workers on assembly lines working on Consumer Electronics being made for other brands. Applicants for work on Apple's assembly lines queue up by the tens thousands to apply for these jobs because of the better working conditions and pay that Apple assures and monitors on those jobs.

Once you were shown the actual truth, in fact over a hundred of times, central_va, your repetition of the false claims turn into REPEATED LIES. . . You are either doing it deliberately or you are incapable of learning. Which is it? Deliberately being dishonest, or stupidity?

15 posted on 08/02/2018 10:35:04 AM PDT by Swordmaker (My pistol self-identifies as an iPad, so you must accept it in gun-free zones, you hoplaphobe bigot!)
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To: al_c

I remember the $2 per share (pre split) and people were saying you’d be a fool to buy it at that price.


16 posted on 08/02/2018 10:35:10 AM PDT by MTsumi
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To: MTsumi
I remember the $2 per share (pre split) and people were saying you’d be a fool to buy it at that price.

It has split multiple times. You must have bought very early if it was $2. We bought in the teens and twenties maybe late 1990s, long before the first split. It's amazing how quickly it grew before splitting again.

17 posted on 08/02/2018 10:46:28 AM PDT by roadcat
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To: cuban leaf

True, the dollar amounts today, in 1965 would have that cap number high but no where near $1,000,000,000,000!
$600.00 in 1965 buying power equals $4,434 today.
According to the Bureau of Labor Statistics.


18 posted on 08/02/2018 11:00:46 AM PDT by BatGuano
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To: Swordmaker

Th point is the whole she-bang cold move back to the USA, employ lots of Americans and Apple and its stock holders would be fine. American workers first.


19 posted on 08/02/2018 11:18:38 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: MTsumi
I remember the $2 per share (pre split) and people were saying you’d be a fool to buy it at that price.

The lowest price Apple has ever been was ~$6. (non-split price). If you want to talk about split adjusted price, you could be looking at around 65¢ per share back in 1997.

20 posted on 08/02/2018 11:19:57 AM PDT by Swordmaker (My pistol self-identifies as an iPad, so you must accept it in gun-free zones, you hoplaphobe bigot!)
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