Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Stock Smashes Previous All-Time High For Second Month Running
- Thread starter MacRumors
- Start date
- Sort by reaction score
Who said it was a fluke? The rally is because corporations are expecting a big tax cut, and a tax holiday for repatriating overseas profits. Who does this benefit? The investor class, almost entirely. Everybody else, people who work for a living, hardly at all. It's trickle-down economics, plain and simple. We know who it helps, and who it doesn't help, and if we don't know, it's only for not paying attention for the last 35 years. Some of us actually have been paying attention.
[doublepost=1489813014][/doublepost]
If you check your facts, which I expect will be too much trouble, you will find that your entire point was not accurate.
Certainly understand that many dates can be picked to underscore a point of view. Much of that increase was driven by the vision that Steve propelled with the product offerings under his later tenure - not a result of Cook's efforts. Perhaps the better indicator is the very low multiple that AAPL continues to trade at - very poor given the cash that Apple generates. It underscores a lack of confidence in Apple and Cook as CEO. This and other forums are replete with complaints and concerns about what Apple has lost under Cook's tenure as CEO. Lack of new product innovation / one trick pony / questionable acquisition performance / pre-occupation with social issues / abandoning the professional market / etc. are all topics that have circulated for years now - they have eroded investor confidence and Cook owns that. The recent run up has been nice, over due, and some credit goes to Cook for the incremental improvements on the iPhone / growing services / geographic expansion. Time will tell if Cook has the chops to move AAPl to a respectable trading multiple and Apple "smashing" previous all time high at $140 is hardly vindicates Cook's leadership as it continues to be built on what the previous CEO created.
In history?
Call me nuts but wasn't Apple sock up at like $600 a few years ago? I mean Google is at $800 now.
Or did I just have a Mandela moment?
Call me nuts but wasn't Apple sock up at like $600 a few years ago? I mean Google is at $800 now.
Or did I just have a Mandela moment?
Depends on when they paid tax as it mentions the figure for a calendar year. Still, paying 1% when EU averages 25-30% is not a tenable situation.
Last edited:
Can't be bothered to form an actual rebuttal, just a passive insult. Got it.
[doublepost=1489832702][/doublepost]
My problem with the Mac OS is that is becoming more like iOS and less like the powerful UNIX platform it used to be. A prime example is hiding ~/Library in the Finder. It's slowly loosing flexability. Apple thinks it's users are idiots and it's hiding anything that may confuse their tiny little minds.
Yeah, but I'm enjoying my Apple products as much as when Jobs was around, so i'm not worried yet.
[doublepost=1489836527][/doublepost]
But it's not losing (one O not two) flexibility is it, that would mean functionality would be removed, rather than just hidden so new users can't destroy things. There's nothing Unix based you can't do from terminal that you could do 10 years ago thats been removed, it's not less flexible at all, it's just had GUI tweaks (like Windows) so default settings stop users breaking their computers, which is a good thing.
I live and work in DC. I'm well aware every person and entity who generate decent income or profit, whether they are a company, other organization, or individual, has lobbyists working to lessen their tax burden. That is an entire industry here encouraged by our current tax code. Yes, it's too Rube Goldberg and that invites pigs fighting for a space at the trough. But my post wasn't a comment on the tax system in general. This isn't the political forum.
My post was in reference to the posters comment that Apple is acting nefariously regarding its tax avoidance strategies, none of which are illegal, though the EU decision isn't final yet (yes, that is an important point). Also even with Apple's CPAs using tax codes as a map to reduce its tax burden it still pays a boat load of taxes to governments around the globe, as well as, generate taxes for them because of its interactions in those economies. There are people here who believe Apple is literally cheating governments out of taxes. And that is factually incorrect. Apple is merely using the law established by those governments to figure out what it believes is its lowest possible tax burden.
No insults, in that, not sure where that spin came from, unlike your last post which doesn't have any logic at all. Just labeling a group of people and making a conclusion from that. That's some sound reasoning,
there is windows as an alternative as Apple thinks it's users are "idiots".
Apple loosing their flexibility and laughing all the way to the bank in spite of what is said here. (Yes that is tongue in cheek)
Now, an actual rebuttal sans generalizations, and ad-Homs is needed.
Last edited:
That'll be me. I believe Apple, with the connivance of the Irish government, are cheating the Irish people out of income and, through the ineptitude of the EU, are depriving the remaining EU governments out of their tax take. Yes, as has been noted, such 'efficiency' is what shareholders expect and Apple are not alone in this, but their size (and therefore the scale of the issue) and the publicity around the share price 'smashing' a previous high, does warrant scrutiny in terms of whether this state of affairs is equitable, sustainable and ethical.
The investor class you say??????
Most Americans are in the 'investor class'. Most either have 401k or pension (which is usually invested in the market by their pension board) themselves or someone they rely on have them.
I work very hard for a living and have a lot of investments including hundreds and hundreds of apple shares that I have had for a few years so I look forward to the positive impacts of tax breaks and holidays.
Additionally some (but not all) companies may use the tax savings to lower prices to entice new customers. Whether you invest in the market or not you probably buy things.
[doublepost=1489845827][/doublepost]
Luckily yours is an opinion held by the few and not the majority. Most feel that you pay the taxes under the laws in place at the time and no more.
You could also look at it as if it weren't for the positive tax laws setup by the Irish government to bring in companies, those jobs would never be there (how many jobs are actually located in Ireland I don't know) and they wouldn't have gotten a dollar in taxes.
Do you really think an American company would establish itself to the degree Apple has in Ireland if there weren't some clear advantages??? They don't just spin the globe and say 'we'll put a headquarters here'.
Last edited:
Fine if you want to believe in fantasy and boogie men, but it was Ireland that made the deal with Apple. Apple (or any company, organization, or individual) does not set the tax rate. That is the government's role. Apple is just abiding by the terms of that deal. So, no, it's not cheating on Apple's part. Whether Ireland is cheating on EU rules we'll find out when this issue is finally settled.
Well again, I was pleading against using loaded terms to describe what is going on with corporate taxation, so to that extent I agree with you. At the same time I can't turn a blind eye to the process that leads to a taxation system that is biased heavily towards protecting the wealth of the wealthy. Call it politics if you like, but I call it a warning about system that seems headed for social and economic catastrophe.
The investor class, I do say.
Most Americans are not in this class. They may hold some investments, mainly through a 401(k), but on average the numbers are woefully inadequate (see: the retirement crisis), and these accounts are often poorly managed and loaded with fees. The vast majority of Americans are not investing on anywhere close to the footing of the wealthy, and won't ever get there, because their wages are not growing.
Further, the tax system we've had in place for the last 35 years has cemented the stagnation of wages. It has steadily widened the divide between the wealthy and the not wealthy. This system taxes income from productive labor at a far higher rate than income from passive sources, succeeding in its main goal, which is concentration of wealth. This is what trickle-down is designed to do, and what it does so brilliantly. We've been running this experiment for long enough to know that it isn't an experiment any longer.
BTW, I am member of the investor class. I am far better off living off my investments than engaging in productive work, because I pay far less tax on passive income than I do for the same income from wages. The incentive is clear, and the outcome is inevitable. Some of us can see past our own self-interest to whether this trend is sustainable. It looks very much like it is not.
Media: Apple is doomed in 2017!
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
[doublepost=1489852533][/doublepost]
Yup, I remember reading on reddit that they've been working on something for 5-6 years and it is finally something that they are happy with, happy as being able to set a new standard for the market to follow.
[doublepost=1489869069][/doublepost]For the record, the stock market has been rallying for 9 years now. Under President Obama the S & P rose by 181%, the Dow was up by 148% and the NASDAQ was up by an astounding 284.5%. On the first day of the Obama administration in 2009 the Dow-Jones Industrial Average closed at 7,921; the NASDAQ was at 1,441 and the Standard & Poors Index finished the day at 805.
I fully expect the rally to continue under President Trump.
I work for a living as a school teacher. I invested in Apple Stock when I bought my first Mac in the 1990s. I paid about $16,000 for Apple stock over about six years. As of yesterday the gross return on my investment is 2,072%.
[doublepost=1489870040][/doublepost]
Tim Cook became Acting CEO of Apple in 2009 and CEO in 2011. I'm wondering how many years you think it takes for the corporation to reflect his leadership and vision. As a shareholder, I'm very happy with the return on my investment. With the stock currently trading at an all-time high, I can choose to sell my shares and make a handsome profit, some of which will be used to buy new Apple products when they are released.
Yes, and that is true too, but the markets were in a holding pattern for most of last year. Some sort of rally probably would have occurred after the election no matter who won, but it's fair to say that the Trump victory goosed stocks more than might have happened otherwise. The mistake is to look at that and see a better economy, when what it really signals is the expectation of another huge wealth shower for the already wealthy.
I'm sure you made more guessing right with AAPL than you will ever make teaching school. I can say the same of my investing and profession. It's the lottery society, where guessing right or being born to the right parents is far more likely to be rewarded than a lifetime of doing right. We're going to be living that every day now, for awhile at least.
The stock is rising - customer satisfaction, design, quality standards, product portfolio are all TANKING.
If you were right, the stock wouldn't be rising.
From last September: "The American Customer Satisfaction Index (ASCI) today released its latest results on U.S. consumer satisfaction in the personal computer industry, including tablets, with Apple narrowly topping the charts for the thirteenth consecutive year."
When you're number one for 13 years in a row, you must be doing something right.
Hey kid, you clearly haven't been around for very long. Some of us lived through Microsoft, Sony and Apple pre-Jobs-firing.
Something to think about. The stock market and the economy are becoming more and more disconnected from each other. As the US economy continues to malfunction, with tent cities, its massive prison system, manufacturing exodus etc, stock prices in the US rise. The reason for this is that QE money (since it is of such large scale) has really nowhere else to go but stocks and real estate, but since the real estate bubble popped it's been stocks predominantly.
Apple is really a rich company with ample cash, so it's a safe stock to buy in because even if Apple mismanages itself into a loss making period there is enough capital to buy its way out. However in the ecosystem of the stock market as it stands now I wouldn't be taking a long position on any stock without a careful exit strategy. It's late in the rally.
Apple is really a rich company with ample cash, so it's a safe stock to buy in because even if Apple mismanages itself into a loss making period there is enough capital to buy its way out. However in the ecosystem of the stock market as it stands now I wouldn't be taking a long position on any stock without a careful exit strategy. It's late in the rally.
You do know the stock market reached record highs under Obama....multiple times, right?