Posted on 08/19/2020 9:07:05 AM PDT by Swordmaker
Apple today hit a market value of $2 trillion, doubling in valuation in just over two years.
Apple, the first publicly traded U.S. company to reach a $1 trillion market cap, is now the first publicly traded U.S. company to reach a $2 trillion market cap.
Apple first reached a $1 trillion market cap on August 2, 2018.
On July 31, 2020, Apple surpassed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company.
MacDailyNews Take: Congrats, Apple and AAPL shareholders! Onward and upward!
I wonder what happens after the split?
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Market Cap is usually not much affected by splits. . . If anything it may get larger. The market cap is merely the number of shares multiplied by the current trading value. So if the there are four times the number of shares at one-quarter of the price as before, there’s going to be no change. However, more people can afford to buy shares at one-quarter of the price of the previous price, so demand for shares is likely to go up, ergo, price of the shares can go up.
. . I remember when they were on death watch. They brought Jobs back as hail Mary.
“I remember when they were on death watch. They brought Jobs back as hail Mary”
Bet you wish now you would have been frivolous and bought several thousand shares.
Wow, they are bigger than General Electric! Oh wait, they are bigger than Exxon...oh wait...they are bigger than ATT...oh wait, they are bigger than US Steel.... oh wait...
The biggest ones, fall the hardest. Apple will one day decline 95% from where it is today. They are their own worst problem in that every 12 months, they gotta do it again.... Sooner or later, their product will not be considered tops.
This Nasdaq bubble will burst just like y2k and lots of folks will see portfolios decline 80% or more, because they bought into this bubble.
That is a lot of money!
And they still put the charging port on the bottom of the magic mouse idiots
If you owned Apple on Aug 14, then you get an additional 3 shares per one on Aug. 31. Same with Tesla 5/1.
Okay, AAPL shareholders, anyone selling or paring back a bit? Let’s face it. In retrospect, selling this stock at any point in the past was usually a bad idea. With that said, I have peeled off a few shares here and there and then repurchased on dips. It can be done, though personally I’d have been better off if I never sold a single share. It’s shocking to me to be up 23x where I got in at 12.5 years ago. I almost feel like crying that I did go in heavier at that time. I’d be freakin’ retired right now.
No. My dad bought $10,000 worth of shares for my daughter in 2010, it’s worth over $100K now. Tax implications aside, she doesn’t need the money and the ROI has been fantastic considering the dividends.
All products made by SLAVE labor and not one cry from the left.
They’re not a US company.
They have no problem with slavery. In fact, they’re all for it. It’s who gets enslaved that occupies their attention.
Flip side: with no change in market size, Apple could double mobile market penetration and 5x computer market share. An outer limit yes, but still shows potential for ~$8T cap even without new markets.
Frankly, it seems like it is a stupid place to put it. However, it’s not a good idea to be using the mouse while it’s being charged because there is a small chance with lithium-ion batteries catching fire or exploding during charging and burning a user’s hand, so having it on the bottom precludes that happening. The engineering choice was deliberate for that reason.
Apple? What about Netflix?! What multiple are its PE ratio now? Stocks have their own reality. Imagine opening a small business that take 177 years to pay back the original investment. No one would ever do that.
I remember that also. Not following them too much, I thought, "Oh Well, they are going the way of the dodo and falling to the DOS/MSFT monster."
I had a friend who was a Mac-head from the 80s. He was excited about Jobs coming back. Even bought some shares. I wonder if he still has them?
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