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!
Apple: “ We set high standards to respect and empower those who build our products, while conserving the planet’s resources. Human trafficking and the use of involuntary labor are strictly prohibited in Apple’s supply chain and our own business operations.” - https://www.apple.com/supplier-responsibility/pdf/Apple-Combat-Human-Trafficking-and-Slavery-in-Supply-Chain-2019.pdf
If you wish to challenge that, feel free to give concrete examples. (Don’t confuse “voluntary but crappy by our standards” with “slavery”).
The “[Big Co.] uses slavery” meme is getting very old and wrong.
the total lack of breadth and narrowness in the market is quite shocking. Hedge funds and money of all kinds are completely crowded into the FANGS and a few more. My question - does that mean the market will crash, or will we see a smoother rotation into more beaten-down sectors like banks, energy, industrials, defense (pretty much anything non-tech!)?
AAPL has fallen by a dime, making it less than $2 trillion. What a bunch of losers! /sarc
That figures out to about 4,275,605,533 shares, sez my calculator.
This Appleinsider page from 2014 sez, "861.74 million outstanding shares, Apple has 1.8 billion authorized common shares, allowing it nearly a billion shares which it could offer for sale or grant to employees or use for other reasons."
The Macrotrends page for AAPL sez 4.3 billion shares (q ending June 30, 2020). Barrons indicates that Apple's stock buybacks in 2019 cost $67 billion (avg cost $194 a share).
In 2000 value stocks were up 20% while tech declined 70-80%.
That said, usually the baby gets tossed with the bath water. I have suspected that we will see a nasdaq crash as an october surprise event. Whether that is coincidental or planned is up to you... I think everything going on has been long planned.
Unlike 1996-2000, the broader market hasn’t just under performed, everything other than Nasdaq across the globe has sucked for 3-5 yrs.
In Communist countries, labor is very rarely “voluntary”. It’s not merely “crappy”. If you can’t leave, and you’re forced to do what you’re told, what does that make you?
At any rate, I was making a general statement about Leftists, not about Apple. Apple, as a corporation, can attach itself to Leftist standards, or not.
That’s actually not true. Workers on Apple’s products are not slaves. . . They are paid hourly wages that in the economy where they are paid are the equivalent of middle-income pay. When openings occur in China, for example, potential employees queue up by the thousands to apply for the positions. They are not forced to work there.
In addition, many iPhone11s are now being made in India, Indonesia, and Brazil. Are you claiming that workers there are slaves too? Many Apple computers are made in Elk Grove, California, and Austin, Texas? Slaves there? Screens for all of Apple’s products are made by Corning Glass in Corning, New York. Slaves??? Your ignorance is amazing.
Your hypocritical and ignorant assertion is based in propaganda pushed by more know-nothings. I would be willing to bet that the device you posted that comment with was made by the same company IN CHINA that assembled the Apple devices. I’d likely win that bet because that company assembled the consumer electronics for over 700 major consumer electronic brand name companies. Take a look at this partial list of the top 72 contractors with Foxconn, a subsidiary of HonHai Precision Manucacturing Group, a Taiwanese, not Chinese, multinational corporation, and I’ll bet your devices makers are on it:
- Acer Inc. (Taiwan)
- Alcatel (France)
- Amazon (United States)
- Amoi (China)
- Apple Inc. (United States)
- Archos (France)
- ASRock (Taiwan)
- Asus (Taiwan)
- BBK (China)
- Barnes & Noble (United States)
- BenQ (South Korea)
- Blackberry (Canada)
- Cisco (United States)
- Coolpad (China)
- Dell Inc.(United States)
- EVGA Corporation (United States)
- Fujitsu (Japan)
- GE Thomson
- Google (United States)
- Griffin Technologies (United States)
- Gründig Mobile (Germany)
- Haier (China)
- Hewlett-Packard (United States)
- HiSense (China)
- Honor (China)
- HTC (Taiwan)
- Huawei (China)
- Intel (United States)
- IBM (United States)
- Kyocera Communications (Japan)
- Komko (China)
- LeEcco (China)
- Lenovo (China)
- Lenovo/Motorola Mobility (China)
- LG Lucky GoldStar (South Korea)
- Meizu (China)
- Microsoft (United States)
- Microsoft MSI (Taiwan)
- Motorola Electronics (China)
- Motorola Communications (United States)
- NCR (United States)
- NEC Casio Communication (Japan)
- Netgear (United States)
- Nintendo (Japan)
- Nokia Oyj (Finland)
- Olivetti (Italy)
- OnePlus (China)
- Oppo (China)
- PackardBell (Netherlands)
- Panasonic (Japan)
- Philips (Netherlands)
- Pioneer Electronics (Japan)
- Samsung (South Korea)
- Sanyo (Japan)
- Sharp (Japan)
- Siemens (Germany)
- Smartisan (China)
- Sony (Japan)
- TCL Communication Technology (China)
- Technology Happy Life (China)
- Telefunken (Germany)
- Thomson (France)
- Toshiba (Japan)
- Vivo (China)
- VSun (China)
- Vizio (United States)
- Vodophone (UK)
- Wasam (China)
- Xiaomi (China)
- Zoostorm (New Zealand)
- ZTE (China)
- ZUK (China)
But has that actually ever happened? The Magic Trackpad isn't similarly foolproofed to prevent recharging during use. That's one of the reasons I keep telling my wife to replace the mouse with a trackpad (to no avail). I'm thinking the Jonny Ive design ethic couldn't permit the Magic Mouse to be fat enough for a lightning port on the front edge.
You got that right. I can’t imagine what a few thousand dollars worth of Apple stock bought in 97 is worth.
I suspect that the lawyers had a lot to do with the engineering choice here. Lithium-ion batteries DO have a heat gain problem while being charged and if they are charged with a non-matching Apple charger, they can over-charge and that can cause high heat and fire. I don’t know if it has ever happened. It takes only 15 minutes to charge the Magic Mouse, so it’s designed to take a full charge very fast already. The potential is there. So, caution was likely advised in the design. It is thick enough.
Yeah, General Electric has never had its stock crater. /sarc
Even with Apple’s substantial market share (a bit less than one quarter of all new units sold; it also has a lot of legacy units that have remained in use, if not with the original owner, then as a hand-me-down or a used sale), it has been lapping up most of the profits of the entire mobile phone biz for over a decade now.
What ‘problem’ will it have next? It is gaining market share with its SE, and reportedly the upcoming iteration of its flagship model(s) are going to be priced well under the frankly crazy prices that all such flagships (all makers) tend to charge. Apple remains the aspirational brand for a lot of people who just haven’t have the kind of money required in the past. Then the rant will be, Apple is making less money.
I’m still using a flip phone, so there.
Lew, the Unbox Therapy guy who some consider an Apple-basher because of his video from yesteryear where he bent an iPhone that was already considered to be too thin and too fragile (and Apple has been thickening their models by a tiny amount since).
“Why Apple is Number 1” — Lew Later
https://www.youtube.com/watch?v=wWqr3965ip4
More likely Jonny Ive didn’t like having a port that showed when the MM was in use.
I wonder what happens after the split?
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frenzied buying which will drive prices above split price. I plan on picking up 50-100 more shares. Has a great dividend also.
Exactly who are the ‘workers’ that gave Apple their wealth... All things considered, why are not the progressives trashing ‘Apple’?
All products made by SLAVE labor
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That’s completely untrue
They’re not a US company.
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True. Many of us consider California to be a different country altogether.
Next big APPL thing will be in medical data bases
The losers are only at 1.982 Trillion as of 1:28 CST and share price is dropping like a stone.
Apple is working on multiple fronts regarding new things.
Augmented reality windshields and headgear (presumably in conjunction with e-vehicles). Very little news coming out in regards to an Apple Car. They’ve created partnerships with other carmakers such as Volkswagen, and that company is moving quickly into the EV market.
In Communist countries, labor is very rarely “voluntary”. It’s not merely “crappy”. If you can’t leave, and you’re forced to do what you’re told, what does that make you
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Can see you know very little about China and how it works beyond what you learned at the media’s knee. People are not told what to do in China, rather what to believe. Not the same thing. People who work in the giga-factories have some of the best and highest paying jobs in China and produce stuff for many brands, not just Apple. Those who work on Apple products have the best conditions and the best pay.
More than likely you have never been within a 85 miles of a Communist country - if you were in the Florida Keys - else 1000 miles. More than likely you have never talked with or known anyone who lived or escaped a Communist country. Please stop commenting on things you personally know nothing about.
I can
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