And all those haters who said the apple display mount and the mac pro wheels cost too much, jokes on you....
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Apple's Market Value Hits $2 Trillion
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When your company sells products to consumers the only way to be excellent for shareholders is to be excellent for customers. No constantly growing customer sales, no constantly growing stock value.
It's a lot more than that, because you're forgetting all the stock splits on the way. There was a 7 for 1 a while back, and at least one 2:1 as well... Those $16 shares are a heap more now.
hopefully not over the $460 mark when the split occurs soon. You’d still get 10 shares for the same value ~ depending on if a slight dip occurs during trading hours when it occurs.
I’ll be buying 4 initially then dollar cost averaging over the next 30 days maybe 10x the amount.
The first trillion required many doublings. The second trillion required just one.
At a basic level, if you're looking at "fundamentals" it's because of this:
The growth isn't linear. As a company becomes more profitable, it's able to invest into more things and grow in more directions at once-- so you'd expect superlinear growth. If you assume ROI is constant for all profit levels, then you'd expect exponential growth, but it's really hard to maintain that kind of ROI. For small businesses, there are market forces that buffet you, when a company gets as big as Apple it's hard to keep that level of efficiency and to find markets big enough to grow into.
That chart isn't a smooth curve for a lot of macro-economic reasons though too. Recessions, trade wars, pandemics, all affect a company's fortunes. Right now, we're in a recession, but tech is outperforming for two big reasons: they can continue operations because their workers can work from home in a way that other industries can't, and demand for hardware and services from companies like Apple has remained strong over the past few months because people need computers to work from home and they're seeking entertainment in their quarantine.
What happens when the rush of work from home hardware orders fades and people's loss of income starts to really impact their buying decisions is a question for the future.
The other reason why they're doing well is because they're doing well-- there's a lot of savings sloshing around looking for a return, and it seems to be pooling in businesses that are performing disproportionately well versus the market.
I think this is different than the "fundamentals" argument above, this is investors chasing returns and whether the fundamentals are up or down, the choice is between Apple and some other stock (versus Apple or nothing). Non-stock investments net zero return right now-- bonds, cash, etc. Again, it'll be interesting to learn if a change in peoples incomes over time and a roll off in sales drives money out of Apple disproportionately to the market.
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I suppose I could have just left it at that... 😄
Or customers, in general, make decisions based on an array of factors while people here tend to pick one negative and obsess?
it truly has nothing to with him
it truly has nothing to do with the performance of the business
the sentiment towards the tech market is just crazy and irrational.
the world is going down the toilet at the moment and yet values companies who sell basically discretionary products (that can be done without) the highest?
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What those haters just can’t accept and acknowledge is that Tim Cook’s skill sets is more suited to run Apple right now than if Steve was still around. Even when Steve was around, Cook was the man running the company behind close doors. Steve mostly focused on products while Cook ran the business day to day. Cook has been running Apple a lot longer than people acknowledge, and his experience certainly shows.
The price doesn't matter. However many share you own pre-split, you'll have four times as many post-split.
I guess people who like to enhance their egos by opposing Apple, just have to reprogram their brains from "Apple is Doomed" to "Apple is Evil".
i look at it in a similar way:
basically everything else is doing so badly, all capital is running for the lifeboats (FAANG and other stable/large companies)
I agree that Tim is good for shareholders and investment firms and trust funds etc. I can say Tim’s leadership along with the top brass has guided Apple very well. CEOs usually after a company is matured are not innovators or think tank mind sets. They need to ensure the company’s goals and staff are working well with one another. Nobody likes an internal coup.
skeuomorphism still lives on in iOS Clock and in the Phone Voicemail dialler. But skeuomorphism just for its own sake now doesn’t make sense.
a Contact book essentially is still a contact dB. notes is notes - we don’t need a lined ruler or page to know we can enter notes there, and it looks silly when you want a table therein or check list. skeuomorphism has its place when the masses had no idea what a smartphone was - trust me, S60/UIQ/PocketPC/Smartphone Edition all we’re very confusing in their UIs let’s not even dare think about the fisher price look of Windows Phone 7/8 lmao. I’m sure you do NOT want any of those UIs trying to mature.
the market has spoken and won : Android and iOS.
Big Sur is super refreshing, at least to me the same way OSX was when it first debuted.
Aple now needs to overhaul its applications that are meant for real and powerful collaboration !! The classic Apple Works apps regardless of their names today are still just “alternatives” to Microsoft staples. Microsoft’s Teams has incredibly evolved and honestly very very good! We’re is Apples competing unified product? Why does Macs still ship with photo booth?!?!?
Final Cut pro, is a great example of proppa software. Yet where is the new innovative software for the other professionals in different fields?
love that show! I need to see if I can get beyond Season 2 if there is!
Apple is amongst the top big to fail, but it’s the banks that had their hands in every part of financial life that E Corp represented or Enron
Bon Soir
I love seeing that image. I am 37 and my dad has worked for Merril Lynch since I was 16 (2000). My first laptop ever was an iBook g3 (age 17) and I had also somehow talked my parents into buying me 1st gen iPod. (Age 17) No one in my family nor any of my friends used a Mac or an Apple product at this time. My dad asked what I wanted for a grad gift from HS. Since I had a laptop and mp3 player there really wasn't much else I wanted back then. He had been trying to get me interested in the financial field with stocks for a while actually kind of nagging me about it. he said I had 5 thousand to do what i want and he will help me with my portfolio and have it be kinda college fund etc. He told me to come up with a few stocks that I wanted or thought would grow and I came back and told him I want all five thousand on Apple. At the time I was just caught up in all think apple. Everyone envied my iPod and I knew it was going to be a hit, but Apples stock was at 5 dollars at the time. I fought with him for a week with him telling me this is literally the worst choice you could make so I told him from then on if it falls to 4 dollars we sell all and then I will allow him to show me the right way to do it...... Come 2020, might dad still kicks himself in the ass for not listening to me. He doesn't find it to funny when i remind him i was better at his job at the age of 18 than he was. (not really the case at all and only being lucky ass hell that my stubbornness actually paid off for once.
I guess I should put this in here. I don't own 1 single Apple product anymore since 2012. So I yes I know I am a hypocrite (and I'm fine owning it) when saying how much I don't agree with Apples choices of Management and products as a consumer, but as a share holder, I just want them keep doing what they are doing. 🤔🧐 Yes sir I sure will have my cake and eat it too🎂
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So short it. Good luck.
BTW, market returns are way better over time than any increases in prices.
Markets look forward. The pandemic is largely over from an economic perspective. Stuff is opening back up and large companies are doing well. The Target number was impressive.
Actually ... those that hold stocks prior to the split their affected. Dividend is quartered (since it's a 4:1) split meaning after the split each stock only gets 1/4 of the dividend until the next quarter starts. Buying the stocks after the split each gets the full dividend. I've done my research, I think yours missed this.
That’s not how that works. The August 13 dividend has already been paid and settled. It’s a done deal that was weeks ahead of any split. The dividend will be adjusted for the split going forward, i.e. Apple aren’t going to revert to an 0.82/share dividend next quarter. The next dividend will be in the 0.21/share range, and hopefully Apple will continue to raise it over time like they have in the past.
Not sure what “research” you did, but you can easily look back at 2014 and see what happened to the dividend-per-share price as we moved through the previous split.
https://investor.apple.com/dividend-history/default.aspx