Posted on 01/03/2022 1:26:09 PM PST by blam
Apple first topped the $1 trillion market cap level in August 2018. It wasn’t until September 2019 that it retook the trillion-dollar market and began accelerating.
The March 2020 COVID collapse wiped half a trillion dollars off the company’s value – back to the magic $1 trillion level – before Fed largesse ripped the company to $2 trillion in August 2020 (a double from the March 2020 lows).
And now, Tim Cook sits atop the world’s largest company with a $3 trillion market cap…
The iPhone maker’s share price has surged throughout 2021, leaving it up more than 200% since COVID first sent the world into lockdown early last year.
That is bigger than the GDP of UK, France, and India and closing in on Germany’s economic output.
How did we get here? Goldman has one driver:
If I allocate $1 into the SPY ETF: This is what happens – 6.3 cents to MSFT, 6 cents to AAPL, 4.4 cents to GOOG/L, 4 cents to AMZN, 2 cents to TSLA, 2 cents to FB/MVRS, 25 cents every $1 Equity Allocation goes into these 6 stocks.
If I allocate $1 into the QQQ ETF: This is what happens – 11 cents to AAPL, 11 cents to MSFT, 8 cents to GOOG/L, 8 cents to AMZN, 6 cents to TSLA, 4 cents to FB/MVRS, 48 cents every $1 Spicy Growth Equity Allocation goes into these 6 stocks.
The magic price was $182.86 (based on the latest filings shares outstanding)…
All this market cap means Cook can throw more money at Beijing officials and keep that dream alive (until Xi decides otherwise).
... on the backs of slave labor in China ...
Let’s reframe that title, in context of the implied “soak the rich”:
If you took _everything_ that Apple (as a worldwide megacorp) has earned over the last 40 years, Progressives would squander it all in one year flat - with no means to address the subsequent year.
Damn. Just sold some at $180.
What is current P/E ratios of those 6 stocks making up 25% of SPY?
Apple is adversarial to conservatives. This is way too much money and power in thexwrong hands. They should be broken up like AT&T and the RBOCs in the 80s. Same for all these tech giants. As bad as the monopolies at the turn of the century.
Tina. There Is No Alternative. That is one reason why the stock market is so high. The Federally Reserve has dumped tons of $$ into the system and the unwinding could be catastrophic. They may need to keep the masses in control by a reset, like a pandemic.
... on the backs of slave labor in China ...
—
Your beloved Samsung chips are made in Xinjiang province, now shut due to Chinese covid.
Apple’s M1 series is made in USA by Qualcomm. The A series is made by TMSC in Free China, aka Taiwan.
Why should Apple be broken up? They don’t have a monopoly. There are plenty of cell phone and computer competitors. Just because you don’t like them doesn’t mean (as a conservative) i should be in favor of the government going in and breaking them up.
How much longer can they live off of the innovation of Steve Jobs? Ever since his passing the only thing Apple has innovated is a pregnant man emoji and an extra camera lens.
Could be a hundred years or more.
The companies founded by Henry Ford and Thomas Edison are still going strong today for example.
As long as they delight their customers, who gladly prefer them to other options, they’ll be profitable.
I recently tried Apple Music, not expecting to like it, but it’s been great.
I think TSMC is responsible for the M1 as well.
iPhone modem chips... Qualcomm.
At lunch today, I ended up sitting next to someone with the latest 16-inch M1 Pro/Max MacBook Pro. His response, when I asked him what he thought of his non-Intel laptop:
“This is the best computer I’ve ever owned.”
It’s a sweet ride
I wonder what the amount is for say the iphone vs the operating system vs ipad vs app sales?
Phones are pretty much the same now so I see only declining sales. I do not know why anyone would pay the high prices for a iphone and then upgrade again and again basically renting a very expensive device. My $250 Samsung galaxy S10 is 3 years old and I bought it used (perfect condition) on Amazon.
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