The next trillion is going to come from removing the lightning cable from the box.
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Apple Briefly Becomes World's First $3 Trillion Company
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An iPhone can help you get food and help you find a place to live, so in a way…I don't think an iPhone is healthy to eat or give houseless folks a place to live, but congratulations are in order
Huge difference though, iOS15 might be a bit buggy, but it certainly isn’t anywhere near the security nightmare of 2000s era Windows, where for the regular consumer, it was either “pay tons of money for junky virus protection,” or have a high possibility of getting a virus every time you open a web browser.
And it was not just a “if you visit shady websites” thing, pretty much every non-techy member of my family or family friend ended up either with viruses or tons of corrupted files on XP.
For a lot, and I do mean a lot, of consumers, viruses weren’t just a “possibility,” they were a “probability” in 2000‘s era windows.
Luckily, Microsoft has made dramatic improvements since then. But either way, stupid comparison
How expensive do you think Apple Products really are when compared to the competition?
Because, putting aside the absolutely absurd things like the Macpro and the Pro Display XDR, their main consumer products are right about the same prices as everyone else’s, at least here in the US.
My iPhone 12 Mini is around $23 a month over 30 months. All of the flagship android phones that my carrier sells, your Samsung Galaxy S’s and your Pixels, are literally priced just about the same.
My M1 MacBook Air was right around $1000, and I would say that there’s no windows laptop in that same price range that even compares to the design, battery life, performance and reliability of the MacBook Air, not to mention a computer that’ll last me a good seven+ years.
I thought this idea that Apple phones and Apple watches and Apple computers were way more expensive than the competition was debunked a long, long time ago.
It may have been “slightly” true in 2003, but it hasn’t been true in at least a decade
People are holding on to their smartphones longer, report says
People are holding on to their aging smartphones longer, squeezing out a few more months of use before trading them in, a report indicates.
www.latimes.com
And this was from three years ago, I guarantee you those numbers are even bigger today.
Also, let’s not forget that The latest software updates still run, quite stable I might add, on iPads and Macs from 2014 and iPhones from 2015, not to mention devices from as far back as 2012 still get security updates and Application support.
Would Apple like you to upgrade your iPhone every year, your iPad every two years and your Mac every three years? Sure.
Is that their main goal? Definitely not. There is absolutely nothing requiring Apple to give devices that are almost 8 years old The latest software updates, they could have stopped supporting the iPhone 6S when it was discontinued three years ago if they really wanted to.
On top of all of this, Apple is still selling devices from three years ago on their website.
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AAPL has the earnings to back up their valuation, unlike a company such as Tesla.
Crazy as it sounds, $3T is a completely reasonable valuation for Apple.
You understand that the numbers you are talking about do not reflect apple having that money, right? If it reaches $4 trillion, that doesn’t mean apple has even a dollar more than it has now, right?
That's one thing I hate about capitalism. I'm all for covering costs, and making some profit that's reinvested in the company to help grow, and better itself. However, I hate hearing every so often how Apple has tens, if not hundreds, of billions of dollars in the bank just sitting there. This especially with the turnover of frontline store employees and whatever.
This extends to other big name companies like Amazon, Walmart, etc., where they can't even go to the bathroom, can't start, much less join a union, etc. I know Apple doesn't have total control of its suppliers, but I've heard that factories in India have had worms in the food, overcrowded dorms, etc., but yay! Apple's a $3 trillion company!
$3T on paper only. In reality, should shareholders want to cash in on that $3T, the stock price would plummet and the value would be pennies on the dollar.
If shareholders want to cash in on that $3T, they would sell their shares for $3T and the value would be $3T. That’s what the valuation means. The market values it at that number, not one individual.
Well done Apple. Though currently just under 3 Trillion, just a matter of time before it firmly cements its spot at the $3 Trillion mark and above.
Well...ask the other $3 Trillion valuation companies how they got there.
I know what you’re trying to say in the headline but it is factually incorrect. Apple is STILL and forever more shall be the first $3 trillion company. Apple was briefly a $3 trillion company and will most likely be one again several times on its way to hitting the $4 trillion mark.
Apple briefly became the world's first $3 trillion company today based on market capitalization, which is the total value of all of the company's outstanding shares. The milestone came after Apple's stock price rose over 40% in the last year.
The impressive feat, which Apple achieved when its stock price reached the $182.86 mark during intraday trading, came just over 16 months after Apple became a $2 trillion company and less than three and a half years after Apple reached the $1 trillion mark.
Update: Apple's market cap was slightly below the $3 trillion mark again as of the stock market closing at 4:30 p.m. Eastern Time.
Apple has reported strong earnings results since the start of the pandemic, as its products and services have been in high demand as more people work, learn, and connect with others from home. The company's revenue is forecasted to top $118 billion in the current quarter, surpassing its all-time quarterly record of $111.4 billion set a year ago.
In a memo shared with staff when Apple hit the $1 trillion mark in 2018, Apple CEO Tim Cook said the achievement was "not the most important measure of our success," adding that "financial returns are simply the result of Apple's innovation, putting our products and customers first, and always staying true to our values."
"Hitting $3 trillion is another historical moment for Apple as the company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino," said analyst Dan Ives of Wedbush, which has a $200 price target for AAPL.
Apple will look to build upon its success in 2022, with a wide range of products rumored to launch, including at least five new Macs, a redesigned iPad Pro with support for wireless charging, a rugged version of the Apple Watch, second-generation AirPods Pro, an AR/VR headset focused on gaming, content consumption, and communications, and more.
Article Link: Apple Briefly Becomes World's First $3 Trillion Company
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Sigh.
Obviously Apple is never mentioned in the book, but I was referring more to the totalitarian world described in it. Actually when I wrote my first comment I was thinking of Apple's 1984 ad, in particular to some of its quotes, such as "We have created for the first time in all history a garden of pure ideology, where each worker may bloom, secure from the pests of any contradictory true thoughts" and "We are one people, with one will, one resolve, one cause" and how they belong to Apple nowadays.
A state where there is one entity controlling or managing different parts of your life is scary, potentially manipulative and oppressive, all elements of 1984's Oceania superstate.
I've been using Macs consistently since 2005 and I think I recall at the most maybe 2 kernel panics and those were ages ago. I don't even remember the last time macOS itself actually crashed for me. The most I've had to do is force-quit an app or relaunch Finder.
Oh they're here, even in this very thread. As the saying goes: haters gonna hate. They've made up their mind they don't like him, and that's that. If he came up with a cure for cancer, they'd be like "It's a publicity stunt for Apple. He doesn't really care about people with cancer" ?
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People here act as if it’s just Apple. But everybody is like this nowadays. From video games to Adobe software, they just don’t care about anything but money anymore. I have had an Adobe bug for a year now which makes my Windows PC incapable of using the software due to me having an AMD 5700XT. Premiere Pro, Media Encoder, After Effects. They just crash my system. Others with the same GPU reported it.
Windows 11 is a mess. Updates to various software are buggy, AAA gaming wants to focus on NFTs instead of enhancing gameplay to the point where one company says “playing for fun” quotes included like video games for fun is an outdated concept these days.
I’m all for people wanting to get paid for their work. Heck I want my paycheck bigger too. But we seem to be heading towards money first, passion last society. It’s not just Apple that has been frustrating lately.
Windows 11 is a mess. Updates to various software are buggy, AAA gaming wants to focus on NFTs instead of enhancing gameplay to the point where one company says “playing for fun” quotes included like video games for fun is an outdated concept these days.
I’m all for people wanting to get paid for their work. Heck I want my paycheck bigger too. But we seem to be heading towards money first, passion last society. It’s not just Apple that has been frustrating lately.
Mass selling would bring the share price and valuation down.
On a side note, high valuation is reward for overpricing consumer products. Good for investors but don't understand why some consumers are smug about it since they're overpaying for low bang for the buck products.
There’s a difference between a monopoly and totalitarianism. One entity performing many functions doesn’t make that entity totalitarian or oppressive.
