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Or maybe it was the 1998 iMac.
Posted on 07/30/2020 5:04:46 PM PDT by NohSpinZone
Apple delivered another blockbuster quarterly earnings report Thursday and with the Apple stock price approaching $400 a share the company announced that it would have a stock split this year.
The company behind the iPhone had Wall Street estimates for revenue at $52.2 billion, but the company flew by those numbers hitting $59.7 billion. That is an increase of 11 percent compared to the quarter a year ago.
A four-for-one stock split will be offered “to make the stock more accessible to a broader base of investors,” according to the earnings release. At the close of the market on August 24th, each Apple shareholder of record will get three extra shares for every share held. Split-adjusted trading will begin on August 31.
Apple previously had a 7-for-1 stock split in 2014.
(Excerpt) Read more at foxbusiness.com ...
Apple, FaceCrook, Amazon, Alphabet (Google) comprise the top 4 of the S&P 500 ... which comprise many index funds
Indeed. I think those four stocks account for more than half of the S&P growth over the last few years.
This is the time to get in on the ground floor.
Wish I’d have been in on Kodak
What is Apple’s TAM for all its different market segments? What percentage market share of those segments does Apple have? How much TAM growth is expected and how much market share market share can they gain over the next five years? These factors help determine a realistic value for Apple at that time.
The Chinese slaves are so proud.
Good for me
Apple’s current run started in 2003 with the successful opening of the iTunes store.
Or maybe it was the 1998 iMac.
Nope.
I’m going by the stock chart. The current run started in 2003.
Apple announced the success of iTunes on May 5th, 2003. The stock price went up 11%.
iTunes Music Store Sells Over One Million Songs in First Week
CUPERTINO, California—May 5, 2003—Apple® today announced that its revolutionary iTunes® Music Store sold over one million songs during its first week. Over half of the songs were purchased as albums, dispelling concerns that selling music on a per-track basis will destroy album sales. In addition, over half of the 200,000 songs offered on the iTunes Music Store were purchased at least once, demonstrating the breadth of musical tastes served by Apple’s groundbreaking online store. Apple also reported that over one million copies of iTunes 4 have been downloaded, and that it has received orders for over 110,000 new third-generation iPods since their introduction a week ago, with music lovers snapping up more than 20,000 of them from stores in the U.S. this weekend.
“In less than one week we’ve broken every record and become the largest online music company in the world,” said Steve Jobs, Apple’s CEO. “Apple has created the first complete solution for the digital music age—you can purchase your favorite music online at the iTunes Music Store, mix your favorite tracks into playlists with iTunes, and take your entire music collection with you everywhere with the super-slim new iPods.”
“Hitting one million songs in less than a week was totally unexpected,” said Roger Ames, Warner Music Group’s chairman and CEO. “Apple has shown music fans, artists and the music industry as a whole that there really is a successful and easy way of legally distributing music over the Internet.”
“Our internal measure of success was having the iTunes Music Store sell one million songs in the first month. To do this in one week is an over-the-top success,” said Doug Morris, Universal Music Group’s CEO. “Apple definitely got it right with the iTunes Music Store.”
Apple also announced that tomorrow, May 6, the iTunes Music Store will be adding over 3,200 new tracks, including major new album releases such as Jack Johnson’s “On and On,” Andrea Bocelli’s “Tosca” and Fleetwood Mac’s “Say You Will,” as well as pre-release tracks from upcoming albums by artists David Sanborn, The RH Factor, John Scofield, Jesse Harris and Lizz Wright. Also to be added tomorrow are additional albums from the Eagles, Michelle Branch’s album “The Spirit Room,” and new Featured Artist pages for Coldplay, including an exclusive track and music video, and Alanis Morissette, with her catalog of music.
The iTunes Music Store features over 200,000 songs from major music companies including BMG, EMI, Sony Music Entertainment, Universal, and Warner and lets customers quickly find, purchase and download the music they want for just 99 cents per song. The iTunes Music Store offers groundbreaking personal use rights that allow users to burn songs onto an unlimited number of CDs for personal use, listen to songs on an unlimited number of iPods, play songs on up to three Macintosh® computers, and use songs in other applications on the Mac®, including iPhoto™, iMovie™ and iDVD™.
Music lovers can easily find the hits they love and discover gems they’ve never heard before by listening to free 30-second high-quality previews of any song in the store, then purchase and download their favorite songs or complete albums in pristine digital quality with just one click. Users can explore music in an entirely new way by easily searching the entire music store to instantly locate any song by title, artist or album, or browse the entire collection of songs by genre, artist and album. The iTunes Music Store is fully integrated into iTunes 4, the fourth major release of Apple’s popular digital music jukebox software, allowing users to purchase, download, organize and listen to their music using just one application.
Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.
You condone slavery? It’s okay to profit from it?
I’ve been long AAPL for 12.5 years, and it’s been “berry, berry good to me.” Hard to believe in now, but at one time I was looking at pretty substantial loss on the stock (down like >25-30%, I think). I remember going to a GOP campaign event around Oct 2008, and a guy I knew said, “What do you think about Apple as a stock?” I remember telling the guy, “I like it. Buy. This iphone is really taking off.” The stock was around $90 (~ $13 split-adjusted), and they had about $50 in cash, so you were essentially getting the entire future of the iphone business for $40/share. I kick myself for not following my own advice and doubling or tripling down. But psychologically, that can be hard to when you’re in a loss-position. You figure, why put good money after bad?
This broker bit the AAPL long ago. Crazy growth
Yes
*ping*
Exactly what “slaves” are you referring to? The workers in China on the Apple assembly lines are paid competitive or better than competitive wages. In fact, when there are openings on the Apple assembly lines on the TAIWANESE FoxConn plant assembly line for Apple products, workers queue up by the THOUSANDS to apply for those positions because the pay is averages 50% better than similar assembly work for other Consumer Electronics goods.
Add to the fact that working conditions are better on Apple assembly lines due to Apple’s very strict worker condition contracts which are monitors by Apple having its own Apple employed monitors at every location to assure that working conditions meet those standards. Apple has actually pulled multi-billion dollar contracts from suppliers who did not meet those standards. Such requirements exist from bottom to top in Apple’s supply chain.
The claim that “slavery” exists in Apple’s supply chain is a myth promulgated by a New York based non-profit called China Labor Watch which has been caught using faked videos, faked translations purporting to be interviews with workers supposedly who were complaining about conditions on Apple’s assembly lines, but actual Chinese speakers listening to the actual voices find they aren’t saying what the English translation of China Watch’s translation says they were saying.
As I said, Apple’s contracts with it’s supply chain prohibit any such practice and also prohibit underage employees. The penalties are draconian.
Incidentally, FoxConn assembles and/or manufactures consumer electronics for over 500 brand name CE makers around the world, not just Apple. . . Probably even the device you are using to post your scurrilous assertion against Apple. Meanwhile Apple is assembling iPhones and Macs in China, India, Brazil, Ireland, and even manufacturing several models of iMac and the Mac Pro in the USA.
If you want on or off the Apple/Mac/iOS Ping List, Freepmail me.
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