Apple Topples the $1 Trillion Mark in Value

[cageymaru]

Apple has finally reached the $1 trillion mark in value. The $5.89 gain in the stock price on Thursday meant that Apple was worth $1,001,679,220,000. Amazon is expected to supplant Apple at the top in a year or two. But for right now, Tim Cook has been riding the wave that Steve Jobs handed him in 2011 to new heights.

The price escalation has widened Apple's profit margins to the delight of investors, who have boosted the company's market value by about $83 billion --nearly equal to the entire market value of American Express -- since the quarterly report came out late Tuesday. The 9 percent gain was Apple's biggest two-day advance in nearly a decade. Apple's stock has climbed by 23 percent so far this year, compared to a 6 percent gain for the Standard & Poor's 500 index.

 

[tazeat]

If only everyone else hated them as much as I do, they'd be dead broke

 

[PeaKr]

Its all about the stock buybacks.

 

[Kdawg]

keep buying those dumb phones people.

I keep looking for a reason to sell my aapl shares, but shit like this keeps holding me back.

I know it won't go on forever, but i just can't find a good time to sell, especially considering everything else is expensive too.
I wish i had a time machine to go back 4 years and buy a shit ton of amzn.

 

[blandead]

keep buying those dumb phones people.

I keep looking for a reason to sell my aapl shares, but shit like this keeps holding me back.

I know it won't go on forever, but i just can't find a good time to sell, especially considering everything else is expensive too.
I wish i had a time machine to go back 4 years and buy a shit ton of amzn.

May as well get some anyways before they hit that trillion dollar mark

 

[tetris42]

I'm sure this isn't a sign we're due for another crash like 2008 or anything.

 

[steakman1971]

keep buying those dumb phones people.

I keep looking for a reason to sell my aapl shares, but shit like this keeps holding me back.

I know it won't go on forever, but i just can't find a good time to sell, especially considering everything else is expensive too.
I wish i had a time machine to go back 4 years and buy a shit ton of amzn.

I bought some around the time Steve Jobs was dying. I thought they would drop a lot when he did. I kept the stock from several buys, made 100% on some of the stock (sold about half of it). I still have some - still giving me good growth so hard to get rid of. Plus, I'm playing with the dealer's money now.

 

[heatlesssun]

Congratulations! Amazon, Alphabet and Microsoft should all break $1T in the next couple of years as well. Pretty nuts.

 

[Retronym]

i was told china was going to kill apple.

 

[Master_shake_]

I was promised another .com style burst.

 

[OpenSource]

Had Steve Jobs kept the stock he owned originally still been alive today his net worth would have been around 250bn.

Crazy.

 

[Krazy925]

I'm sure this isn't a sign we're due for another crash like 2008 or anything.

Or like 2000. I lived through that in the Bay Area. Crazy.

 

[Darkswordz]

 

[Elios]

apple is soo over valued like what to they really make any more phones and there store for there phones

 

[Red Falcon]

The beginning of true cyberpunk megacorporations is here, and 2020 is right around the bend with Apple leading the way to the dark future...

 

[heatlesssun]

The beginning of true cyberpunk megacorporations is here, and 2020 is right around the bend with Apple leading the way to the dark future...

It is something we have to keep in mind as Apple is going to have ever more company in the coming years.

 

[Gottfried Leibnizzle]

Taking advantage of emotional insecurities is very profitable indeed.

 

[tetris42]

Taking advantage of emotional insecurities is very profitable indeed.

It's a huge basis of our whole economy.

 

[Nukester]

Great comments here! It takes "courage" to make that much money off of people wanting better selfie cameras and double dongles...

 

[M76]

I don't hate apple, just their products and customer service. And their smug customers.

 

[DeathFromBelow]

You're valuing it wrong.

 

[Nukester]

I don't hate apple, just their products and customer service. And their smug customers.

I can't stand their customer service... Horrid. A lot of the customers aren't smug, just so damned ignorant.

 

[1Nocturnal101]

Now let me state this right off the bat, I never liked Apple, out of the only product I have owned from them was a 2015 5k Imac Pro that couldn't render 4k videos right without massive flickering issues, I assume its because the Vram wasn't high enough, Photo editing it was OK, but it was basically laptop parts in an AIO - and according to the herd probably my fault not Apple's.

I did have a McIntosh Reciever Amp(which is fantastic) but they have zero to do with Apple.

I will give the Woz credit and some of the other team members, they do fantastic engineering.
….but...
Jobs was nothing more that a Conman that was kicked out of Apple in 1985 for screwing up the computer division so bad.
……
Then we got the Ipod, which btw was so bad for DAP and music in general, it looked pretty and was simple to use, but massively overpriced with crap sound quality in both the hardware as well as the forced Compression standard. The engineer came out a few years ago in an interview saying how bad it was, cheap garbage wrapped in a pretty, overpriced package that sent the audio industry back into the stoneage where music quality was concerned
…….
iPhone- well fragile as fuck compared to Blackberry, but much simpler to use, no where near the security Blackberry had either and arguably the iPhone was a lot better looking.
……..
and the Ipad which was an actual reengineer of HPs(or one of the other pioneers with the patents) work that had Tablets for Industrial workers(I was using one in 1995 with Windows for Alcoa to help program Industrial Machinery), which for bringing it to Consumers was amazing and they did nail what needed to be done.
…..
But if I had a dollar for every time Apple screwed over its own Consumers, well I'd have more market value then they currently do.
…..
I could dig and do a complete list of every time they have done so but here



he covers from 2008 to relatively now.

…..
Either way the Stock Market is an illusion, its based on people or investors perceptions of a company rather than the truth or the real overall health of the corp and then eventually the bubble bursts or you end up with something like Mattel's original situation where the public feels betrayed even though you really should have seen it coming, and its typically what happens when you have investors that don't know anything about the industries they are investing in. We are in a world of Million and billion dollar babies(yes Alice Cooper Knows) and for all intents and purposes these people are morons, they have zero aptitude and cannot function without their inheritance, yet they demand returns every quarter turning companies into dogshit. Whenever I hear Investors "Demand and Deserve" its usually a clear sign the company with fuck over its customers and employees at any cost of supporting the round table ambitions, yes it sounds dystopian, but yes its very real. Its an Investment and thus is a Risk, what happens in a world where the "Sword of Damocles" is completely avoided, here we come SciFi dystopian future almost all SciFi authors warned us about...…...and we allow it to happen.
…
If all this extra cash flow of money coming in is going to major investors pockets rather than expansion or development of the company the stockmarket has completely lost what it was initiated for, now all it has become is a ring of legal gambling for adults who want to wear a suit because there are too many commoners in casinos...…..