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Apple is Officially a Trillion Dollar Company as Shares Cross $207 Mark
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You are free to leave the platform any time you choose. Windows and Android will welcome you with open arms. Let us know when you do, please.
Why do you cheer for Usain Bolt when he comes in first in a race when you are not related to him and won't get a share of his winnings? Especially when you know he will win. Doesn't always make for climatic finishes, but it's a marvel nonetheless.
It's the same reason why one watches a sporting icon like Serene Williams dominate at their respective areas of expertise. It's just awesome to watch a reign of excellence, and that's what we are seeing from Apple now. One continuous and uninterrupted reign of excellence.
I agree that in the greater scheme of things, no civilisation is forever, and Apple certainly won't be around forever as well. That doesn't mean we should be so proud as to not recognize and applaud when it’s happening.
So Apple, I applaud you!
Congrats. Can you actually start making affordable computers that the average consumer can purchase now?
No?
You're just going to make more iToys and overcharge for years out of date hardware?
Ok. Status quo then.
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No?
You're just going to make more iToys and overcharge for years out of date hardware?
Ok. Status quo then.
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Many have already, hence why their desktop sales have plummeted into the gutter.
Based on what metric? All the FANG stocks have higher PEs than Apple. Microsoft dies too. Are they all overvalued too it just Apple?
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It’s news and Mac Rumors is reporting on it. I don’t see them celebrating it.
The number 1 trillion doesn't mean anything, and the achievement feels a bit hollow with inflation at play. Microsoft came very close to the purchasing power equivalent of $1T market cap in 1999, and that was when way fewer people were using technology.
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They wouldn't be a trillion dollar company if they focused on a dying market like desktop computers. Let HP, Dell and Lenovo fight for scraps there. The iPhone, iPad and services are the profit generators and Apple is smartly putting their resources into those things.
This sign of strong economic activity is positive for Americans, even those who don't hold stocks. Though I think more should. Robin Hood is making that easier, and I think "kids these days" are more into that stuff.
They would've already done that if it were a strategy to get them to $2T.
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128GiB is kinda small for the target audience, people with big home photo/video libraries. Also they probably want anyone worried about performance to pay more for the upgrades.
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Greed has boundaries. The price is in a very careful equilibrium. Any higher, and they'll lose profits.
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Why? Their P/E ratio looks ok to me and hasn't changed much. Only reason I don't buy in is I predict lame growth, based on what little I know. (btw some glitch on MacRumors with editing comments has screwed up what I was going to say about their growth)
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Interesting how we are almost at 300 replies and no one has bothered to credit Jony Ive. Love his work, hate it, you can’t deny that being a design-led company is what has made Apple as immensely successful as it is today, and Ive rightfully deserves a huge chunk of that credit.
Tim Cook's mission has been accomplished. It's time for a change.
Do you have that imaged saved up on your computer or something?
Sure but I will wager a years salary the Macs of today will have a shorter lifespan than those of yesteryear. Where will those completely locked down MacBooks be ten years from now? I can tell you the majority of them will have added to the glut of the global E-waste crisis.
I have an Aluminium PowerBook G4 that is still going strong. A glowing tribute to old Apple.
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I honestly think they could easily go a little higher on an X Plus and be fine. I'd hope they don't go any lower then $1,199 on it. People will stand in line by the thousands to get this model even at that price. When you have a brand as strong as this use it to maximize profits. Over the years I have become convinced there is nothing that can take down the iPhone.
There are more things they must be considering, though. There's the hype of having a huge line and the marketshare they consider acceptable. One weird one is their usual policy of not changing the price until the next model is released. iPhone sales are crazy at the start and lame later on.
It's easier to tell what's going on with a local food store. Some like keeping a line out the door to draw attention and ensure they have a steady rate of people buying food. I saw a bakery like that change and go for higher margins / less customers, and their fixed production ended up making pastries more quickly than they could be bought, ruining their local reputation as a fresh bakery.
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Then the best thing you can do is refuse to buy their products if you don't like how they run their business, but you know you won't.
The only reason a corporation exists in a capitalist economy is to create wealth for the shareholders. If Amazon and Google want to target those underdeveloped countries then that's their choice. Maybe they feel by doing it today it'll pay off in 20 years, but it puts a strain on their businesses bottom line today. Apple is smart to sit back and focus on the developed countries with more wealth. If companies such as Amazon and Google actually succeed in developing more access in those areas then Apple can move in and profit from it.
You think Apple became as rich as they are by luck? Haha! No they became rich because they are the best at marketing a brand to a cult like status and maximizing profit on every product and service they sell.
I don't really need to refuse to buy their products when I simply don't buy most of their products in the last 4 years. The only thing I own from them right now since then are Macbook Pros and iPhones. Macbook Pros are a necessity for my job. And iPhones... well I've been keeping my eyes open on Android's progress this past year.
I never said Apple got rich by being only being lucky. I think it's a combination of their marketing/design teams (highly undervalued by the general public) and the right place at the right time that got them here.
Imagine if a few situations (just to name a few) were still present today:
- Macbooks still are on the PowerPC architecture (I'd almost say this is a very major turning point for Apple's growth)
- Apple never copying Cydia springboard on the iPhone
- Apple never showed the slick U2 commercials in the iPod's heyday
- No Mac vs PC commercials
It makes a ton of sense. Apple develops, manufacturers, and supports outstanding products that several hundred million people covet and willingly open their wallets to purchase at premium prices representing excellent value. Year after year after year.
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