Apple Reaches $800 Billion Valuation On Path to Becoming World's First Trillion Dollar Company

[sw1tcher]

When the bridge you are driving across collapses, remember that it crumbled because there was not enough money to fund its repairs because the apple execs kept the profits overseas but continued to get bonuses.

The blame for that collapsed bridge would be put on the incompetent state govt. in the same way I blame them for letting the Oroville dam deteriorate and fall apart. Instead of improving it and building new dams (none have been build since the 1970s), Gov. Jerry Brown felt it was a wiser investment (to overspend by billions of dollars) to build a high-speed train between L.A. and S.F.

California's bullet train is hurtling toward a multibillion-dollar overrun, a confidential federal report warns

Governments will always find less important things to spend tax money on. Or they'll give themselves nice pay raises.

 

[Cosmosent]

Prepare yourself for an instantaneous 10-15% DROP in the stock price, as word leaks-out that App Developers are now being courted by legal teams that are pursuing legal action against Apple over UN-fair and UN-professional practices of the iOS App Store.

Apple has been truncating the app names of certain apps in the search results of the iOS App Store app, and now these legal teams want to use that as additional Ammo for their cause.

IMO, a very stupid move on Apple's part ... they have so much to lose, why would they even risk this ???

 

[BeefCake 15]

Use more LCD displays Timmy. Start using 16GB storage once again. Reuse the old chassis. Charge 3K for a 2011 hardware. MOAR PROFITS

These are the comments I wait for to know the thread is coming to an end...

 

[Carnegie]

When the bridge you are driving across collapses, remember that it crumbled because there was not enough money to fund its repairs because the apple execs kept the profits overseas but continued to get bonuses.

Okay, so if we're going to blame Apple for those bridges which do collapse... should we also be thanking Apple for the bridges which don't collapse because we had money to (if we chose to) fund their repairs in part because of the extraordinary amount of U.S. income taxes that Apple pays? That's without even considering all of the additional tax revenue that comes from Apple's employees, and for that matter its shareholders when those shareholders actually realize Apple's profits in a useful way (e.g. as dividends or capital gains) and then have to pay even more taxes.

For that matter, should we be thanking those Apple execs whom you refer to for the huge amounts of income taxes which they personally pay? Mr. Cook is likely, at this point, responsible by himself for keeping a few bridges standing.

 

[Michaelgtrusa]

And yet with all this cash the apple executives continue to take out loans because they are unwilling to pay taxes to the country they live and work in.

But where does the tax money go. Germany!

 

[grkm3]

I think Google only being 182 billion behind apple is more impressive.

 

[Michaelgtrusa]

They play by the rules, fair and square.

With interest rates so low, it makes perfect sense to have taken these loans.

If you feel you should pay more taxes than the rules say you need to, you could volunteer to pay more I suppose, but few people do that. The rules govern what is to be paid.

I think Trump is changing some of the rules so that over $1 Trillion can be brought back to the USA soon.
This will have a positive effect on the USA.

He needs to abolish the Federal Reserve first

 

[JeffyTheQuik]

If Congress passes a tax holiday on repatriating overseas cash, it will have a positive effect on stockholders. On the overall economy, not so much.

With a $20T economy, it's, in effect a 5% boost to the economy. There are a few caveats:
1. Inflation
2. The fear of it doing nothing. However, it cost nothing, so what's the harm?

With all due respect (and I mean that), the idea that if someone else prospers, it means that I lost out is a hard thing for me to get my head wrapped around. Bill Gates and Steve Jobs did quite well, and it didn't hurt me one bit. In fact, their success let me buy an iPhone that I could not build myself (see the "Incredible Pencil" video), but all of that engineering and collection of resources were put together in a way that I could purchase one for less than 1/5 of a paycheck.

I can then use those devices to create more value and help others, which I have done. Even simply using Excel on one of those devices (iMac) to make a list of volunteers to clean up a park is making the world a better place, in a small way.

Back to the point... If brings back $200B (or whatever they have overseas), and then wisely uses it to invest (and that's what well run companies do) in ways to make more (or better) products, or design better products, then I do think it will help the economy. Sitting on that money would be the second choice, and spending it foolishly would be the worst choice for that money.

How much?

If I could tell, I'd have bought 100,000 :aapl: on July 8, 1982, when it had a (split adjusted) value of $0.17 for $17,000, and be sitting on $15M today.
[doublepost=1494267611][/doublepost]

When the bridge you are driving across collapses, remember that it crumbled because there was not enough money to fund its repairs because the apple execs kept the profits overseas but continued to get bonuses.

I'm just curious... could you please list the last 10 bridge collapses that have happened because of maintenance?

The one in Whatcom County in Washington doesn't count. The cargo in the truck hit a support beam which caused the collapse. The one that I can remember is that one in Minnesota ten (or so) years ago. Heck, there was a brand new bridge that collapsed up here in the 1930's, but that was poor design that didn't account for gusting winds (Tacoma Narrows Bridge).

 

[62tele]

Apple's responsible for paying for the health and medical needs of my child?

Maybe not yours but there are still many uninsured in this country. Maybe it's not Apple per se, but the fact that Apple and many other companies avoid taxes definitely impacts the budgetary issues in our country, including healthcare financing.

 

[richardsonrs]

Maybe not yours but there are still many uninsured in this country. Maybe it's not Apple per se, but the fact that Apple and many other companies avoid taxes definitely impacts the budgetary issues in our country, including healthcare financing.

Repatriation tax is optional, in that they don't get taxed unless they choose to repatriate it. They bring money back they pay tax on it. They are no more avoiding taxes than you are by not buying extra gas for no reason when you fill up.

 

[Pootie Tang]

Depending on the quarter, between 64% and 69% of Apple's revenue is earned outside of the United States. That means only about 35% of Apple's earnings come from domestic sales of goods and services. Consumers in the rest of the world can and do have different needs from American consumers.

 

[BuddyTronic]

If Congress passes a tax holiday on repatriating overseas cash, it will have a positive effect on stockholders. On the overall economy, not so much.

Haha, it is not a negative thing. Don't turn it into one.

Lamborghini and Ferrari dealers might get a boost this year.

Ask me how I know



Trickle down theory can at least bring some loose money to the USA - that is a great thing for the economy I'd say.

 

[Pootie Tang]

He needs to abolish the Federal Reserve first

"He" doesn't have the power or the votes in Congress to accomplish that.

 

[tech4all]

Maybe when they hit $1 trillion, they'll be able to update the Macs.

Woo. Does this mean 50GB iCloud free? And Mac prices dropping?!

Apple doesn't owe you anything.

 

[2010mini]

Great. Now maybe Tim and company can loosen their death grip on the purse strings to hire some more people and Fix iOS, macOS, and tvOS?!??

 

[Apple Corps]

So complaining about my (joke) post is more interesting or creative? Relax, and just keep scrolling.

It is not even a joke - just a boring & overused comment. I am quite relaxed.

 

[lkrupp]

I think Google only being 182 billion behind apple is more impressive.

Well of course you would since you have your nose planted firmly up Google’s posterior orifice. And you call US iSheep.

 

[Apple Corps]

And yet with all this cash the apple executives continue to take out loans because they are unwilling to pay taxes to the country they live and work in.

What are you a socialist or communist or what? How have those things worked out in Venezuela? Apple pays the taxes they are legally supposed to pay.

 

[CrystalQuest76]

Apple's responsible for paying for the health and medical needs of my child?

With that kind of response. I am sure you will give me back the my money that was used for funding yours and your child's education. Please return my money that was used to research to immunize your child from all the diseases that he should have gotten.

 

[BuddyTronic]

I'm not putting my money into Apple shares. It's too much risk. Should the company underdeliver with the next iphone, there will be a lot of trouble. We have seen it before, we will likely see it again. Now, if only apple diverisfied their revenue sources a bit more...

If someone believes in Apple religiously, they should by all means sell their cars and houses, and dump all their money into Apple shares. There is no better way to prove the unbelievers wrong!

PS stupid emoji! Why cant i have a colon and letter P without those retarded emojis appearing out of nowhere?!? Emoji is the Comic Sans of our days!

I disagree with what you say

Also - I did exactly what you dare someone who believes religiously in Apple. I have 99% of my huge portfolio in AAPL and have since forever. All I did was buy more over the last 25+ years.

I think diversification is not a good idea for Apple Fanboys like me and you. If you know you have something good, you need to take action on it. All along in the 1990's I saw how Bill Gates was nothing more than a copycat thief (albeit good businessman). I Hiccuped a bit when Google ripped off Apple's iPhone, but kept the faith in AAPL stock all through it.

With ETF's and Mutual Funds - you are dealing with a consensus group think management problem potentially. Granted - the entire market has done well over the last 10 years, but I don't think diversification is good for these times. Maybe someone else can argue that point for me better than I can.

Apple has always taken the high road on everything. I am a true believer.

For guys like me "Diversification" seems foolish if you know what you and I know about Apple. AAPL has been SO undervalued and still is.

Over the last several years I used to shout on these forums and ask people "What about the P/E ratio of 9 or 10???" Now it is like P/E 20, but there should still be a lot more room for AAPL stock to be properly valued by the market.


PS - I do at least agree with you about the Emoji

 

[Pootie Tang]

Well of course you would since you have your nose planted firmly up Google’s posterior orifice. And you call US iSheep.

To put the gulf between Apple's market cap and Google's in perspective, that's a company the size of Coca Cola or Home Depot.

 

[IJ Reilly]

With a $20T economy, it's, in effect a 5% boost to the economy. There are a few caveats:
1. Inflation
2. The fear of it doing nothing. However, it cost nothing, so what's the harm?

With all due respect (and I mean that), the idea that if someone else prospers, it means that I lost out is a hard thing for me to get my head wrapped around. Bill Gates and Steve Jobs did quite well, and it didn't hurt me one bit. In fact, their success let me buy an iPhone that I could not build myself (see the "Incredible Pencil" video), but all of that engineering and collection of resources were put together in a way that I could purchase one for less than 1/5 of a paycheck.

I can then use those devices to create more value and help others, which I have done. Even simply using Excel on one of those devices (iMac) to make a list of volunteers to clean up a park is making the world a better place, in a small way.

Back to the point... If brings back $200B (or whatever they have overseas), and then wisely uses it to invest (and that's what well run companies do) in ways to make more (or better) products, or design better products, then I do think it will help the economy. Sitting on that money would be the second choice, and spending it foolishly would be the worst choice for that money.

How much?

If I could tell, I'd have bought 100,000 :aapl: on July 8, 1982, when it had a (split adjusted) value of $0.17 for $17,000, and be sitting on $15M today.

First order of business, I've been an AAPL stockholder for 20 years. A tax holiday would be good for me, personally, because it will likely go almost entirely to the stockholders. And yet, I don't confuse what is good for me with it being good for the economy as a whole, because all of our experience tells us, it is not good for the economy as a whole.

What has hurt you, whether you know it or not, is the steady and increased concentration of wealth with the already wealthy, and how tax policy is designed to concentrate it further. What this means is the benefits of economic growth are not distributed and everyone not wealthy gets little or no benefit. Wages have been essentially stagnant since the 1970s. Economic mobility has basically vanished. Most people understand this has happened, even if they don't know why, or that it happened by design. The tax holiday is part of that design. Just so we know, it is meant to benefit the investor class. Any other benefit is entirely incidental and the cover story being told about how it benefits everyone in the economy is total malarky.

If Apple were to invest their excess earnings in capitalizing their business further, you'd hear no complaints fro me. That's what profits are supposed to be for in a capitalist system. Growing businesses means new jobs, higher wages. But large corporations such as Apple are sitting on huge and growing piles of cash not because they don't have enough to grow their businesses but because they lack the interest in making major investments. This is not a new story, it's a pretty old one now.

So sure, send more money to people like me in the investor class. I won't turn it down. But don't expect me to accept the laugh line that it's good for the economy as a whole. I know it isn't.

 

[solipsism]

Money Money Money money money.....

Even if that was 10 bills every second, that's still only $31,557,600,000 per year.

 

[grkm3]

Well of course you would since you have your nose planted firmly up Google’s posterior orifice. And you call US iSheep.

Who have I called isheep? I use both services

 

[Rogifan]

Maybe not yours but there are still many uninsured in this country. Maybe it's not Apple per se, but the fact that Apple and many other companies avoid taxes definitely impacts the budgetary issues in our country, including healthcare financing.

Do you take any deductions on your taxes? Do you consider that tax avoidance? There is nothing illegal or morally wrong about paying as little tax as legally required. I can spend my money better than any government can thank you very much.