I think that platitude was coined back when we thought the earth was flat. Or, rockets.
New Horizons ... pretty sure that's never coming down ...
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Apple Stock Smashes Previous All-Time High For Second Month Running
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I think that platitude was coined back when we thought the earth was flat. Or, rockets.
New Horizons ... pretty sure that's never coming down ...
That's hilarious, especially since MWC (Macworld Conference) hasn't been held since 2014!
Timmy may not be the best at pleasing some of his more vocal customers, but he sure knows what the heck he's doing when it comes to general public perception and market sentiment. He says enough about the future to keep investors hopeful, and he takes all the right risk-free stances that are largely advantageous (the FBI privacy issue was in my opinion a gold mine for Apple) to the company's growth.
All these people that still think Apple is doomed without Steve probably don't realize just how large they've become. $740 billion is astronomically huge. Worldwide, they directly employ well over 100k people, while their supply chains and software/accessory/service/resale ecosystems easily support over a million people combined. Not that they're too large to fail, but it will take something very significant to derail them, and it will not happen overnight. Considering their unmatched cash reserve, they are not only the largest but also the healthiest and safest company to invest in.
If Microsoft can make it through the Ballmer era, I think Apple will be just fine during and after the Cook era.
All these people that still think Apple is doomed without Steve probably don't realize just how large they've become. $740 billion is astronomically huge. Worldwide, they directly employ well over 100k people, while their supply chains and software/accessory/service/resale ecosystems easily support over a million people combined. Not that they're too large to fail, but it will take something very significant to derail them, and it will not happen overnight. Considering their unmatched cash reserve, they are not only the largest but also the healthiest and safest company to invest in.
If Microsoft can make it through the Ballmer era, I think Apple will be just fine during and after the Cook era.
How large of a one-time dividend do you think Apple could be considering, assuming it gets to remit as-yet unremitted foreign earnings at a low tax rate?
I have no idea -- it's just a theory to explain the run up in share price given the obvious question of where will the growth come from. Buffett is no fan of tech stocks, and his presence makes me wonder.
Here: http://csimarket.com/stocks/singleProfitabilityRatios.php?code=AAPL&itx
Also you seem to be a bit defensive, but please do not put words in my mouth or attribute thoughts to me I did not express. It's a myth because it's a fact Apple does pay lots and lots of taxes and also creates a lot of taxable events for investors, employees, contractors, and customers. It contributes greatly to the US tax base and economy.
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Please understand, stock prices do not entirely reflect the performance of a company. There's so much manipulation in the stock market.
You just have to look back on the years when AAPL languished, even through there were record sales.
You just have to look back on the years when AAPL languished, even through there were record sales.
The stock market doesn't adhere to the laws of gravity.
Mr. Buffett has given us some insight into why he likes Apple - basically, it's because it's a very sticky ecosystem.
As for the one-time dividend issue, I don't think a large one-time dividend (say $20 or something, which would mean about $100 billion worth) is likely for reasons I've explained elsewhere (in these forums, I think, but it could have been on a different forum). Such a large dividend wouldn't add an equal amount to the current value of the stock anyway, even if we were assured it would happen.
I do think a change to how we (i.e. the U.S.) tax foreign earnings going forward could potentially mean a significant boost to Apple's value. And, of course, a so-called repatriation tax holiday would be worth something when it comes to Apple's (and AAPL's) value. But even aside from those possibilities, there are reasons to think that Apple might be able to grow at rates that would justify this higher valuation.
An entire product line in tatters (Mac/macOS), with many casualties and refugees amongst your clients, but none of that matters as long as shareholders are happy, right Tim? Give that man a big fat bonus!
Apple shares dipped 0.1% lower after a size seller dumped 9.24 million AAPL shares in a single block trade at the Nasdaq open, at a price of $141.00, amounting to just over $1.3 billion worth of AAPL stock.
http://www.zerohedge.com/news/2017-03-17/someone-just-dumped-13-billion-worth-aapl-shares
http://www.zerohedge.com/news/2017-03-17/someone-just-dumped-13-billion-worth-aapl-shares
This is simply proof that marketing works. It used to be that Wall Street did original research, but just like the mass media, they have given up and just follow popular propaganda. At one time I lived off of investing income, there was some logic to it, although at times it was arcane.
Today you just have to be brain dead and jump at the next fad to make money. The problem is only determining what is a short fad with no payback and what is a long fad that will pay back. I was never popular when I was a teenager, and I'm not equipped to evaluate fads where emotion and the drive to be popular trumps facts and logic.
Today you just have to be brain dead and jump at the next fad to make money. The problem is only determining what is a short fad with no payback and what is a long fad that will pay back. I was never popular when I was a teenager, and I'm not equipped to evaluate fads where emotion and the drive to be popular trumps facts and logic.
I know.
If only the people here could start explaining Apple's success, rather than trying to explain it away.
He's kept things going quite awhile referring to the "exciting products in the pipeline." He's kept up hopes with a lot of investments all over the world in the name of R&D. At some point either something great does come out of that pipeline and fairly soon, or it doesn't and the bubble bursts.
The thing is, the competition is good, but they don't have much that is truly an Apple killer yet. Windows machines suit many people just fine but they have their aggravating flaws that mean customers can be poached by Apple when Apple is ready and willing to reel them in. Android is, in my opinion, very compelling but has some aggravating flaws as well--fragmentation and resulting security issues being among them. The various AI assistants out now are decent but none of them is dependable in as many use cases and circumstances as users want and need them to be. So the field is still open and Apple is still beautifully poised to take it.
While they have not blown away some vocal and demanding and discerning users in quite some time, neither has the competition, for the most part. 2017 and 2018 will be very revealing years in terms of showing us where these companies are headed and what they ultimately hope to deliver to win us over as fields like AR, AI, VR, health tech and smart environments start to merge and mature into new ecosystems.
It must of been the sticker fight app.
Apple shares hit a record closing high in Nasdaq trading yesterday, reaching $140.69 to beat its previous all-time closing high of $140.46 set just two days ago.
A new all-time intraday high of $141.02 was also set by AAPL on Thursday, eclipsing its previous record of $140.75, also set on March 15. Stocks re-opened today at $140.72 and remained steady around the $140 mark.
The figures cement Apple's position as the most valuable company by some margin, now with a market value of $738 billion. Google parent company Alphabet remains second largest with a market cap of around $592 billion, followed by Microsoft at just under $500 billion and Berkshire Hathaway at around $430 billion.
Following Apple's first annual revenue decline since 2001, its stock has been steadily rising over the past five months, buoyed by record-breaking earnings results at the end of January. February 14 saw shares reach $136.27 in intraday trading, eclipsing a previous all-time intraday high set in April 2015, while Apple's market value surpassed $700 billion.
Wall Street analysts have claimed for months now that Apple remains one of the world's most under appreciated stocks. Among a large group of Apple analysts, Brian White of Drexel Hamilton, Steven Milunovich of UBS, and former analyst turned venture capitalist Gene Munster have all predicted rises. Apple's relative strength line, which gauges the stock's performance versus the S&P 500 index, is at its highest level since September 2015.
Some projections put Apple's stock price on a continual upward trend over 'iPhone 8' optimism, with several financial analysts raising their price targets for Apple's stock to between $150 and $185, according to research notes obtained by MacRumors.
Article Link: Apple Stock Smashes Previous All-Time High For Second Month Running
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Lesson here: Not every "core product" needs to be breathlessly treated like a newborn baby, R&D can be done by people who aren't white, changing design that has no serious problems for the sake of catering to fickle people shouldn't be a priority, and transgender people can also be mentioned because a company of Apple's scale can actually do more than one thing at a time. As for the stock market, if you don't like it, don't buy the stock, and as for Apple, if you can't handle outsourcing, their leaders' decisions, their design tastes, or transgender people, BUY SOMETHING ELSE and take your misery there.
No, what really matters are the many millions of customers who seek out, open their wallet, and then purchase many millions of Apple products and services every year.
Another way to look at it is this:
Launch Watch that dominates smartwatch industry and looks poised to dominate entire watch industry as functionality increases and it becomes more valuable to use wrist space for a small computer.
Launch AirPods and look poised to dominate wireless headphone space at point that entire headphone space looks like it will be moving wireless.
Continue to dominate smartphone space.
I bet if Apple's stock prices ever reached BRK-A levels (currently 259429), Carl Icahn will still say that it's undervalued.
As is the norm on MacRumors positive news is always spun to be negative.
Your sarcasm needs to be balanced with some FACTS. AAPL is up 40% over the past 5 years / the Dow is up 61% over the same period. Under Cook's "leadership" AAPL has not even beaten the Dow average. The market has little confidence in Cook.