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Apple Predicted to Become Trillion Dollar Company Within 12 Months
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Joke answer: 3 fully loaded iMac Pro's.
For a more visual answer, this link: https://www.labnol.org/internet/visualize-numbers-how-big-is-trillion-dollars/7814/
Really...?
They stopped doing that years ago. Now they just make products to make the easiest recurring money. I am not begrudging the achievement, but lets be honest here.
A super elite company that puts out the best products and service is deservedly to be at the top. Apple wouldn't settle for anything less and it's evident why they receive the notoriety they do.
Excellent points, especially from a "big-picture" philanthropist view point and as much as we love Apple products have they really made things better by turning everyday items into fetishistic products. Yes, full marks for innovation and driving things forward, less marks for creating a sense of elitism among their customers.
Just look at what everyone in the consumer electronics business is doing: making careless products without giving a cent about the details, the refinement, the environment, the things that don't appear on the specs lists on best buy, and look at what Apple does.
Not surprising; especially if the price increase for the iPhone X is true. Though I hope they continue to make the SE iPhone, the iPad Mini and the Mac Mini.
Now it's my turn:
Really?
The original iPod did not have a built in radio, the way many portable MP3 players did. Macs and iMacs didn't use Intel processors and the Power PC processor that they did use was widely thought to be inferior.
And the iPhone? The original iPhone had only a software keyboard, and with no suggestions or autocorrect to help with a small software keyboard. It did not have 4G data capacity, had only an unimpressive 2mp camera, and you couldn't plug in a flash card to get more storage. There wasn't an App Store yet, you had to run the programs via cell data, which, remember, was slow, and no connection meant no programs. And the only cell phone provider for the iPhone was AT&T. And many thought all these Apple products to be overpriced.
I'm not saying this to knock Apple, I'm trying to point out that under Steve Jobs everything wasn't sweetness and light and instantly marvelous.
The original iPod WAS better than other MP3 players, even without a radio. It had a screen to watch videos on, a distribution program that was light years ahead of anybody else, at least for non tech users, and an interface that was incredibly elegant, functional and simple.
The iPhone also was one of a kind when it came out. Yes there were better small cameras. And better connected phones. But no one else had a device that was a music player AND a camera AND a phone AND a device to connect to the internet, all in one. And no one else had one for a while.
But don't pretend that there weren't design compromises and even mistakes made during the Jobs era. And don't think that people didn't say Apple wasn't overpriced then, either.
I just knew it had to be Brian White with his over-the-top predictions concerning Apple's target prices. White is not buying Apple stock. It will be cold, calculating big investors who would be buying Apple stock and they're not going to be putting their money into Apple stock when there are quite a few other major tech companies who will be giving back quicker and higher returns than Apple will. First, come any of the FANG stocks and they can absorb most of the greedy big investors' dollars. Second, comes Tesla whose stock some billionaire by the name of Ronald Baron, is claiming to be going to $1000 a share by 2020. These big money guys are not looking for the measly gains Apple is going to give them. They're looking for three- and six-bagger share price gains. What is Apple said to be returning in share gains a year? Something like 5%. It's absolutely pathetic what Apple is being pegged at in terms of growth by Wall Street. Apple reaching a trillion dollar market cap in a year is just so unlikely it might as well be nigh impossible.
I thought by now the overseas cash repatriation tax reforms would have been completed but now that's just going to drag out for I don't know how long. I'm certain Tim Cook said they were going to get some of that money back this year and use it for some acquisitions. I guess that's fallen through and Apple stock will be stuck in limbo until next year. Brian White is the only person on Wall Street who thinks Apple's share price will be going up while the vast majority says Apple's share price isn't going to move significantly. I believe the majority will rule in this instance.
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I thought by now the overseas cash repatriation tax reforms would have been completed but now that's just going to drag out for I don't know how long. I'm certain Tim Cook said they were going to get some of that money back this year and use it for some acquisitions. I guess that's fallen through and Apple stock will be stuck in limbo until next year. Brian White is the only person on Wall Street who thinks Apple's share price will be going up while the vast majority says Apple's share price isn't going to move significantly. I believe the majority will rule in this instance.
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I'm going to be one of those few iMac Pro buyers. I've already got my dollars put away for one of those bad boys and I can't wait to see that Vega GPU in action.
He's not even the richest man in America! He's at best only the 2nd or 3rd richest! And what's the stock value of that 2-bit investment company he runs? It's only about $256,700 dollars per share. What the heck would this bum know about investing?
If Apple spent $200 billion of their cash to buy back a pile of shares, Apple's valuation would be $200B less.
I once shared that sentiment too--that most problems could be solved if enough money were spent on them. But years of observation suggest otherwise. The cause of most problems are people themselves--namely their attitude, indifference, and irresponsibility. They won't conserve resources, care for their health, protest unpopular ideas, raise the kids they fathered, or contribute to any other virtuous cause. They are as self-serving as the Capitalists you condemn. The latter are expected to be.
No matter how much charity you throw at a problem, the recipients usually sabotage the effort and take advantage of that generosity.
He said his portfolio is already mostly in index funds. He's just playing with pin money, for fun. Some people play blackjack for thrills. I like his game better.
I noted that, but I also noted that he said he's buying small holdings of individual stocks with the idea that he can get better at stock picking. That part is the fool's errand. Most people, they pick one winner and think they are investing geniuses.
I'm not rich enough to pay nothing, and not poor enough to only pay more than I can afford. Married with no kids and 2 incomes, I am definitely in a high percentage tax bracket. There are lots of benefits to being married, but lowering your taxes isn't one of them.
Why do you think I should? As far as I am aware I am not currently evading any taxation. I pay income tax and national insurance. This probably eats up around 40% of my basic salary. Then, in addition, I pay 20% VAT on most goods. I'm happy to do this because it supports the services, jobs and infrastructure that modern societies require to stay healthy.
By contrast, based on recent reports (e.g. the EU ruling), Apple, along with a number of multi-nationals - plus the rich and (in)famous - seem to take pleasure in evading paying tax. It is grossly unfair when the average Joe pays their way, but those that are better off use creative accounting methods to avoid making a proportional (by %) contribution to our society.
Lol, you can tell others to pay more, so get used to people telling you to pay more.
If the government tells you that you owe x amount and you pay it, how is that considered tax evasion?
The governments can't charge you and then come back years later and say, oh, we want more now.
40% of my income is gone for nothing as well.
Sure...but I'm talking about tax evasion. I don't agree with what these large companies are doing. They are avoiding paying tax and at the same time reaping in massive profits. There is plenty there for them to pay back more fairly into society.
"Best products" is very subjective. Do they put the most money into build quality? unquestionably so (because they know they can make it back three-fold at the cash register) but there are still many "things" that Apple products don't do that their competitors do, and that's what makes the term "best" very, very subjective.