I just don't get it. So Apple is responsible for the decline in medical research and not the people who control tax laws and government spending? Your anger would be much better directed a those who could require Apple to pay more taxes but choose not to than towards Apple who has absolutely no obligation to do any of these things. I know they're the ones I'll be thinking of.
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Apple Reaches $800 Billion Valuation On Path to Becoming World's First Trillion Dollar Company
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I just don't get it. So Apple is responsible for the decline in medical research and not the people who control tax laws and government spending? Your anger would be much better directed a those who could require Apple to pay more taxes but choose not to than towards Apple who has absolutely no obligation to do any of these things. I know they're the ones I'll be thinking of.
This move today - AAPL up more than $4 to over $153 - is coming on pretty decent volume. It isn't day-after-or-of-earnings volume, but it's more than average - 27 million shares already. This isn't an absence of sellers rally, it's actual buyers wanting to buy at $150 plus.
Use more LCD displays Timmy. Start using 16GB storage once again. Reuse the old chassis. Charge 3K for a 2011 hardware. MOAR PROFITS
And yet we will continue having post after post filled with comments saying Apple doesn't know what they're doing and that Tim Cook should be canned. Smh
A little Econ 101 would go a long way here. Economics is not a zero-sum game. If it was, we'd still be squatting in caves and banging on rocks. Economies grow through the process of specialization and exchange.
Apple's stock is currently trading above the $150 mark for the first time ever, after factoring in a 7-for-1 split in 2014, giving the company a record-high market cap of nearly $790 billion. That means Apple is just over $200 billion away from becoming the world's first trillion dollar company.
Google Finance shows Apple flirting with the $800 billion mark today, but the tool appears to be overcounting the company's number of outstanding shares, which totaled 5,225,791,000 as of last quarter. Apple's outstanding shares have declined as the company continues its share buyback program.
Apple's stock price will actually need to hit around $153 based on basic outstanding shares, or around $152 based on diluted outstanding shares, for a true $800 billion capitalization. Either way, it's close.
Apple's stock has been on an impressive run since dropping to as low as $89.47 in 2016, when the iPhone maker reported its first decline in annual revenue since 2001, and its first drop in iPhone sales ever.
Apple analyst Brian White of Wall Street investment firm Drexel Hamilton continues to believe Apple "remains among the most underappreciated stocks in the world," with "attractive upside" for investors. White raised his 12-month price target for Apple's stock to $202 today, up from an already bullish $185.
An excerpt from White's research note, distributed today and obtained by MacRumors:White's price target implies that Apple could become the world's first trillion dollar company within the next year. Apple shares trading for $202 would currently give the company a market cap of around $1.05 trillion.
Over a dozen prominent Wall Street analysts remain upbeat about Apple's stock price heading into the second half of the year, with lots of excitement surrounding the significantly redesigned "iPhone 8" expected to launch in the fall. The smartphone's sales may be boosted by a large "supercycle" of users due to upgrade.
Apple's stock had briefly declined to as low as $144.27 last week after its second quarter earnings results fell slightly below Wall Street expectations, but the drop proved to be only a blip on the radar.
Article Link: Apple Nears $800 Billion Valuation On Path to Becoming World's First Trillion Dollar Company
Yes indeed. Tablet sales are declining. The MBP is a flop. They can't keep up with the Samsung Galaxy series. Siri suck and can never match Amazon's Alexa.
That's all you hear and read yet, here they are, flush with mountains of cash and pent up demand for the iPhone 8; perhaps a soon-to-be-released home speaker/assistant and a more professional iMac refresh. Doomed I tell ya.
And then Apple buys $50 billion back in shares, and the valuation drops by that amount.
Haha. Problem is, it comes from nowhere.
I had a heated discussion about this in another AAPL-thread where I stated that the entire idea of the stock market is that people who believe in a company can lend money to that company by buying shares that the company sells. You own a piece of the company and so a piece of future income as a return for you lending out money so that the company can grow and make more money.
There's no way Apple can make any more money than they currently do, and yet, the "return" on investment is around 1% (dividends where around $1.5 I think and the price is $150). It sure is better than putting the money in the bank, but still nothing compared to the return on investment if the stock keep rising.
So, Apple make sure that they keep growing, because growth means: more money in return is coming, yet, the biggest company in the world can't give more than 1% in return. Exactly how big does everyone think the company can grow?
Well, they don't care. As long as it's growing you can still lure more people into buying the stock, because it looks like a good investment looking back.
The history as still to prove that growth can be forever...
[doublepost=1494263362][/doublepost]Unfortunately, it is growing increasingly clear why the company is no longer Apple Computer.
This "doomed" think is soooooo overused and boring - please come up with something more interesting or creative for your posts.
No company is worth that! Particularly one that sells items at massively inflated profits and goes to extreme leangths to dodge taxes. And ignore one of its entire product lines for several years...
It must be those constant 'we have exciting things in the pipeline' comments Cook uses that keeps those investors lapping it up?
I wouldn't mind if Apple made decent products it updates every year, currently they make One that fits that bill!
I suspect once the EU dig in harder to demand their money back those share may fall.
It must be those constant 'we have exciting things in the pipeline' comments Cook uses that keeps those investors lapping it up?
I wouldn't mind if Apple made decent products it updates every year, currently they make One that fits that bill!
I suspect once the EU dig in harder to demand their money back those share may fall.
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Apple pays among the most taxes of any public company in the US. They simply don't want to pay a tax that almost no other country levies on overseas earnings.
[doublepost=1494263686][/doublepost]
Why don't you open up Apple's actual financial statements and read what they actually paid in taxes instead of resorting to misinformed oversimplifications?
Who would've thought that making your products and services worse would skyrocket the stock. Stock buy back manipulation is effective.
So complaining about my (joke) post is more interesting or creative? Relax, and just keep scrolling.