Actually there's only one company that has a market cap higher than Apple, and that's ExxonMobil.
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Apple's Stock Price Crosses $200 Mark to Reach New All-Time High
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Actually there's only one company that has a market cap higher than Apple, and that's ExxonMobil.
If the year were 2012, you could have a valid point. The iPad or the Apple Watch could have become new pillars for Apple.
We're now 11 years into the iPhone, and there's still no sign that Apple actually has a new product in the wings.
Many have tried and failed on the AR/VR front. What makes us think that that's where Apple is going to have their new smash hit? What makes us think it won't be another iPad or Apple Watch? Which isn't to suggest it would amount to nothing, but it wouldn't step out of the shadow of the iPhone. It wouldn't justify Apple's $1T value.
As for a car, I've been watching Tesla for several years now. There's a few takeaways:
#1 - Rolling out a 100% new car is slow.
#2 - Progress on car factories is very easy to track via satellite.
If Apple were going to dominate the car industry in 2030, they'd need to be where Tesla is today, with one brand new factory and 4 more under construction.
You got called out for making nonsensical statements and you can't defend yourself. Doesn't matter whether YOU care or not. The people who read your drivel will make their own judgements.
But yeah, fools usually don't care about a lot of things.
The stock market is an awful example of "reality". It's kind of like if mathematics could be altered by emotions - more like quantum physics.
Wow some comments on this thread are getting a little over the top calm down people it’s only a company, everyone is entitled to their opinions and to express them without needing to get personal or throwing around insults.
Let’s all get along nicely, we can agree to dissagree and still be friendly with each other
don’t take things too personally, it’s literally not that important in the grand scheme of things!
Let’s all get along nicely, we can agree to dissagree and still be friendly with each other
don’t take things too personally, it’s literally not that important in the grand scheme of things!
Uh... ExxonMobil's market cap is $340M. Apple (now $940M) overtook Exxon in 2011, and since then, Exxon has fallen to #10, behind Apple, Google, Microsoft, Amazon, and others:
https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization#2018
You don't understand my post because STILL you don't educate yourself, and then in your complete ignorance say that my statements are nonsensical. At least spellcheck has your back.
I think Apple is slowly shifting their physical products over to services. As electronics get smaller and more things are made overseas and/or by robots, consumers will lose their connection to physical products and value them much less. So their big new product 5-10 years from now will be a service (i.e., autonomous car entertainment network)
My point was more about if you take the doom and gloom about about Apple products such as the iPhone X, iPhone 8, iPad Pro, iPad 2018, AirPods and so on it would paint a different picture than what revenue from the earnings call seems to say which is more based in reality since it’s the actual figures from Apple themselves.
I’m not saying it’s just in MacRumours even anylists were doing it, naysayers in the form of tech reporters and so on.
I just don’t think the general consumers care as much as some of these other people seem too. In my opinion it seems that way.
Agreed, it won't happen. Apple would be crazy to enter the auto manufacturing industry.
It's more likely they'll get more involved in the software side of automotive technology.
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Exactly.
Well they have one quarter of a trillion in CASH.
So yeah - let the market crash - AAPL is pretty well immune.
Trillion is just a number - the company is worth more than a Trillion actually.
Get some AAPL or you'll be lamenting again at AAPL $280
Apple's financials are about the only thing that contain no spin and very little narrative. Their share price, marketing, customer loyalty and products themselves are all about narrative and intangible experiences. They are one of the few companies that have master storytelling skills alongside the piles of cash to back it up.
Incredible you see news like this, right next this:
https://www.macrumors.com/2018/08/01/fewest-quarterly-mac-sales-since-2010/
As a thank you to all who got them there, they will drop the price of their products moving forward. Right..?
The most stupid thing about if AAPL hit a trillion market cap is, the company's aggressive return cash to the shareholders that long the company is - the aggressive buyback actually distorts it reaching the first trillion dollar company. I learnt long time ago when you invest in a stock, you have to take into account the moronic and corrupted Wall Street system and its parasites.
We cannot argue with stupid, as they have the majority.
We cannot argue with stupid, as they have the majority.
Apple shares crossed the $200 mark in intraday trading today, setting a new all-time high for the company's stock.
Apple's stock is up over five percent since the market closed on Tuesday, after the company reported a record-breaking $53.3 billion in revenue, meeting the high end of its guidance and topping Wall Street expectations.
All eyes are on the AAPL ticker as Apple hovers ever so close to a trillion dollar valuation, but the company's precise market cap can't be determined until Apple files its quarterly 10-Q form today with an updated total of outstanding shares.
Article Link: Apple's Stock Price Crosses $200 Mark to Reach New All-Time High
This mad me smile today.
This is good for me as I purchased just a handful at $187 ... so the trade cost is now covered.
"Sell, Sell, Sell ... did anybody hear about the Hindenburg?"
Well Apple is STILL mostly an emotionally traded stock. You don't purchase this based on metrics ... although that incredibly helps. it's well undervalued!
You buy this stock for long wrung performance and dividends to balance out your portfolio.
Today's jump is in part due to Apple beating all estimates on their very recent Quarterly results, and partially to Samsung missing theirs with 10 million less phones sold in their quarter!
You still need devices to serve the services. Steve Jobs believed that if you want to be a great hardware company, you have to write great software. Or something like that.
Funny story, Back in 2002-2004 I use to work for Circuit City. Still commission at the time selling big project screen tvs. LCOS was just coming out and we even had one plasma tv for $12.5K (I actually sold one). Anyways, we were all making decent cash and some of the sales guys were talking about buying stock just after Carmax was spun off from Circuit as we could get a deal on the price. This one guy in the PC dept said he was going to buy Apple stock cause he loved his Mac. I was friends with him and he tried to get me to buy $500 worth of Apple stock because it was like a buck or two back then. I didnt do it cause I thought he was crazy and Apple wasnt going to pull out of its death spiral. I was wrong. I kick myself to this day.
man you done KNOW this is a zoo ... please read & follow the signs ... don't feed the trolls
AAPL was never $1-$2. $500 wouldn't have bought you much more than 50-75 shares back in 2002, so don't feel too bad.
If anyone's head should be exploding, it should be Ronald Wayne's. Had he kept his 10% stake in AAPL in the 80's instead of selling it back for $800, he'd be worth almost $100B today.