Apple Briefly Becomes World's First $3 Trillion Company

[bayportbob]

it is hard to put down a company that is just doing it over time. products that people decide that they want. products that people come back for over and over in larger quantities over time. lets remember the blackberry phone, the windows phone, all the PDA's and those that turned into a phone device, all of the precursors to the iPOD, all the watch devices that few remember today, and lastly all of the tablets that were going to take the world by storm before the iPAD.

 

[needsomecoffee]

Tim Apple has managed well despite sacrificing Mother Earth for a few hundred millions of C-Level compensation. Few really care, but Apple is the poster child for avoiding taxes and using free cash to buy back stock (enriching C-Level excecs @ 25% IRS rate). Well run company, but let's not avoid the issue of tax avoidance and then using free cash to buy back stock. Link:

Apple's rise to $3 trillion market cap shows the value of its massive share buybacks

Apple spent $85.5 billion to repurchase shares in its fiscal 2021, and more than $467 billion since 2012.

www.cnbc.com

 

[PC_tech]

You’re right, it is branding. But it’s the quality of the product that follows the branding. People just don’t choose Apple ‘because it’s Apple’, they have to set the standard of putting out a quality product, and that’s a major contributor of what put Apple in this position.

A lot of people chose Apple just because it’s Apple….

 

[Jim Lahey]

Imagine if they had a web browser capable of remembering the position of its sidebar each time you open it…

 

[ellsworth]

Yeah their replace your phone every year replace your iPad every year and replace your computer every three years is working very well.

I have a 9 year old Macbook Pro, a 9 year old ipad mini and an iphone 6. Aside from wanting to upgrade my macbook pro, they all work fine without needing to be replaced. I only know a handful of people (4 to be exact) who actually replace their iproducts every cycle. I'm curious to know how long the majority of people keep their devices for.

 

[PC_tech]

What?

It’s a sovereign country with citizens (you know…”people”)

It’s not a listing on Zillow

People just say the most stupidest things when it comes to Apple, it’s ridiculous isn’t it?

 

[Nick_P]

Nice work by an awesome company!
<=== have been buying AAPL yearly since 1996.

 

[I7guy]

That's more than the GDP of India. The huge country where Apple recently was caught exploiting the local workforce.

And how is that?

 

[koruki]

Crazy impressive.

I’m naturally curious though, what happened to the people that said ‘Timmy Crook would put Apple in financial ruin?’ Are they still around? Just thought I would ask.

they're hiding in a bear cave with the tesla short sellers

 

[FlyingDutch]

Is this something positive for customers? I’m not sure…
tim is a bean counter. A very good one, but still a bean counter. New Apple (not so new today…) is a greedy company selling disposable devices in every category. I still love their products, but not like I used to. Last year I sold my last Mac, after owning at least one since 1989.
I’m still an iPhone and iPad Pro user…

 

[I7guy]

A lot of people chose Apple just because it’s Apple….

True, because apple puts out a quality product that people like and therefore a lot of people choose apple because it’s apple….

 

[MBAir2010]

I have a 9 year old Macbook Pro, a 9 year old ipad mini and an iphone 6. Aside from wanting to upgrade my macbook pro, they all work fine without needing to be replaced. I only know a handful of people (4 to be exact) who actually replace their iproducts every cycle. I'm curious to know how long the majority of people keep their devices for.

my newest product is a 2017 iPad, i did purchase a TV in early 2020, but gave that to my cousin
next is a 2012 MacBook pro non retina.
there is $2.16 on my apple iCloud funds
so
I had NOTHING to do with the recent surge!

 

[Analog Kid]

A lot of people chose Apple just because it’s Apple….

I think what you mean is that people choose Apple because "Apple" means something to them. Quality, status, compatibility, or whatever they have in their heads. And that thing has value to them, so they trade some of their limited resources for that value. The free market means we don't all have to share the same desires,.

That's only peripherally related to this discussion though. This thread isn't about buying Apple because it's Apple, it's about buying AAPL because its AAPL-- and that's not exactly the same thing. Yes, it's loosely tied to Apple's earnings, but it's also tied to other things. The multiplier on earnings has doubled over the past few years-- so some of this growth is based on performance, but $1.5T is based on increased optimism for the future and various investment games.

 

[alphasports]

And I felt bad for returning 3 items...

I returned 10 last year but don't really feel bad at all, tho judging by the responses to that post I'm an evil immoral person.

 

[DeepIn2U]

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.

As a shareholder and fan of the majority of their products I'm VERY happy!


Could somebody help Tim out on meaning of words used here?
Financial returns ... stock price is NOT a financial return - no expense/service/product was done to change or affect stock price. It's ONLY return is that into the executives pockets/coffers! It's mostly the investing market (institutionally or retail).

renaissance of growth, lol. Apple has been growing and fully grown decades ago along with the tech industry in California, Cupertino included for decades.

Tim please pass the dutchie-pun-de-leff-hand-side, dutchie-pun-de-leff-hand-side, E-nah-go-bus!

 

[MoonlighML]

If it's always crashing, you must expect it to crash, so therefore it's not unexpectedly crashing. Sounds like your expectations are being met.

As for why it's crashing, have you checked the Crash Reports? There's endless logs available that can help to shed some light on why it's crashing. It may have nothing at all to do with macOS or the hardware, but could be some 3rd-party buggy kext (kernel extension) that you installed at some point. Does it crash when in Safe Mode? Does it crash when logging into another user account?

It's easy to pass blame to Apple for a "buggy" crashing Mac, but quite often that's an over-generalization of the situation. What does your troubleshooting and reading of log reports reveal?

Yes, at this point, I'm expecting it to sometimes crash when I use my Mac as a charger for my iPhone. This has only occurred as of the most recent software update (12.1). The crash logs are useless since there are none (~/Library/Logs/DiagnosticReports) and when the report window appeared after a restart, it always complained of a panic involving WindowServer.

I doubt this is the fault of an application given it's not the first time a similar scenario caused an error. In the past, opening my Mac with it charging and my iPhone charging (plugged into the computer) always caused it to crash and restart. Hypothetically, even if it was the fault of an application, it's Apple's responsibility to catch errors produced by applications so they don't become kernel panics (like they are doing).

 

[DeepIn2U]

Apple's market cap when Jobs returned was $3B. That's a 1000x increase.

How is this relevant to today's news? Apple was really in the worst place when Jobs returned. His team from NeXT, himself, and others that remained on with Apple - for the most part helped get it back to health and run again - yes!! The "buff" we've been seeing at apple the last 12 years, lots more were involved


Happy? Yes indeed, ecstatic even. but the past and financial health relevant to today's milestone beyond historical reasons, no.

 

[DeepIn2U]

Where Tim's Critics Are Today?

check my post ... on the words chosen seem senseless (just 4 words), not his work ethic or leadership.

 

[DeepIn2U]

Doesn’t this just mean the stock market is incredibly overvalued?

not in the case of TSLA over the weekend and their $138US jump today on significant delivery and production numbers smashing ALL analysts estimations and prognostications.

 

[Analog Kid]

not in the case of TSLA over the weekend and their $138US jump today on significant delivery and production numbers smashing ALL analysts estimations and prognostications.

The problem I see with TSLA is that its price is based on a tremendous amount of optimism and expectations that Tesla will outperform what the analysts estimate and prognosticate-- then when that optimism is in any way validated, the price doesn't just stay where it is (indicating that the optimistic expectations are now the baked in), it goes up even faster.

It's not the optimism that makes me dubious, it's the accelerating optimism.

I thought I knew better once, and got badly burned. My pockets just aren't deep enough to profit from what every rational fiber in my body believes is true about TSLA.

 

[Unregistered 4U]

Apple today became the world's first $3 trillion company based on market capitalization, which is the total value of all of the company's outstanding shares. The milestone comes after Apple's stock price rose over 40% in the last year.

NOT impressed. ONLY 3 trillion? If they’d done what I suggested they’d be worth n+1 I mean 4 TRILLION by now. As long as they’re not listening to me, they’ll always be a mere shadow of the 4 trillion dollar company they could be.

I’ll check back if they reach 4 trillion to, ahhh, update the statement…

 

[Pootie Tang]

Is this something positive for customers? I’m not sure…
tim is a bean counter. A very good one, but still a bean counter. New Apple (not so new today…) is a greedy company selling disposable devices in every category. I still love their products, but not like I used to. Last year I sold my last Mac, after owning at least one since 1989.
I’m still an iPhone and iPad Pro user…

As an Apple stockholder and product buyer (I-Pad, I-Phone 12, Macbook Air, Apple TV & Airpods Pro), I LOVE the way Tim Cook counts those beans! May he go on counting them for another 4 years till he reaches retirement age.

 

[Haifisch]

Keep coming up with products like the latest Macbook Pro and Apple Silicon and I'm happy to contribute.

 

[ghanwani]

Oh good…

Can Tim please retire now?

Not done till it gets to $10T.

 

[DeepIn2U]

The problem I see with TSLA is that its price is based on a tremendous amount of optimism and expectations that Tesla will outperform what the analysts estimate and prognosticate-- then when that optimism is in any way validated, the price doesn't just stay where it is (indicating that the optimistic expectations are now the baked in), it goes up even faster.

It's not the optimism that makes me dubious, it's the accelerating optimism.

I thought I knew better once, and got badly burned. My pockets just aren't deep enough to profit from what every rational fiber in my body believes is true about TSLA.

Well I can agree to that! However wasn't the same said to be true of AAPL not too long ago?
Optimism of Jobs' return, shifting of the board, executive staff for months before being validated when iMac was debuted, and even then lots of doubts UNTIL the million units sold in a a record time frame from any computer competitor in history.

Still the stock has strange moves, 24-48 trading hours before financial results announced moves down. Maybe that's on puts or other type of calls that affects the stock - I don't really know much about that. yet.

I think the tremendous amount of optimism in Tesla is due to the innovation that continues with that company compared to every other car manufacturer and now soon enough (accelerated optimism). Most of this tremendous amount of optimism is based on the globe changing from fossil fuel vehicles into fully electric is happening and will happen by mandate of many countries around the world starting 2026 to 2035. It's not the first electric car company and surely not the first car company to make an electric car, but they're the ones being consistent and that 1 of their founders and leader of the company put his own wealth and earnings into what seemingly is a DIEING company back in 2002-2006 to keep it afloat.

Does that blood sweat and tears and faith remind you of someone and their favourite company? (ahem Jobs & Apple).

The accelerated optimism is mostly coming from innovations of reducing production costs, production times, safety in collisions (despite the media here and there on accidents, deaths - are never good period, fires, etc - yet nothing in comparison on other car companies/models). Also their becoming a big AI company with FSD supposedly how long that'll happen who knows, regulators I'm sure do. Now add to that chip making - that may rival Nvidia's or AMD's with the letters' partnership.

Either way we probably disagree and that's cool.

Not to worry you'll feel better when the stock drops in a week or two based on:
no new news on CyberTruck production location/timeline - still vague,
when those with institutional trades and big & deep pockets pull out their winnings today/tomorrow.
supply chain concerns should be announced in a week from today.

Don't worry that'll sink the stock down to validated optimism. Cheers.