And on that news, Apple stock sheds another 10 points…! :P
I know, I know, there's a global market/economic collapse underway and everyone's worried Apple will also suffer from the resulting lower demand… so there's a bit of a sell-off.
I think it's more of a market-adjustment, and it's not all as dire as predicted, but that's just me…
And who but Apple can shine even in times of economic hardship? They've been bucking all the trends consistently for years now.
You know, back in the Great Depression, people turned to entertainments to weather the emotional side of that event. It was a huge growth period for movie and music industries still in their infancy… I kind of see Apple positioned similarly.
Somehow, even a bad economy won't be that bad for them, I think… interesting times...
Well, Apple is doing a few things right. It's innovating, in other words creating value from where there was pretty much nothing before. It is in demand globally by the masses and by the elite. Ironically in a global slowdown Apple products will be even more desirable because especially in Asia, it will show you're "somebody". Apple also has 70 billion in "cash" (always "branded" by them as "short-term marketable securities", which is what it is, since "cash" is nothing but the banks promise to pay you... I hope this cash is spread across enough banks and securities in the event of liquidity issues). The Money As Debt videos on YouTube are really eye-opening, I suggest everyone has a good look at it. Basically banks owe Apple a ton of "REAL" money now. Not like other companies where it's constantly the other way around.
Quote:
Originally Posted by ascii
I don't think it's much of a compliment to say you're worth as much as a bunch of bankrupt banks.
It's more a reflection of the decadence of modern banking. Due to the fractional reserve system all banks around the world are pretty much close to bankrupt. But why worry? Central banks (ie. governments) will just bail them out because the system by default must create more and more debt to function.
Quote:
Originally Posted by ascii
Every job that does not require actual thinking will eventually be replaced my machines. And that is a good thing in my opinion because who, as a complicated unique human being, wants to spend their life doing mind-numbing repetitious tasks?
It has always been the case that more jobs are lost to technology than to low cost labor overseas, so don't blame the Chinese. They are just decent people trying to drag themselves out of poverty, even if we must keep a wary eye on their government.
Apple has done wonderful things for the tech industry and pulled it out of stagnation.
While some jobs will be replaced by machines, unfortunately there are still more countries out there where it is cheaper to hire people than make and maintain robots to do mind-numbing repetitious tasks. Yes, Foxconn is advancing just as the Japanese did with robots for making cars. But someone else will eventually pull a China, on China.
Quote:
Originally Posted by VanFruniken
Worded differently (and more pertinently): this only shows how badly the banks are doing (after having erected luxurious buildings and while still paying excessive bonuses -- bonuses, if based on performance should be NEGATIVE now, instead of hugely positive).
The entire banking system is truly flawed and decrepit. I'm not saying we should go and throw petrol bombs at them, but becoming more aware is important, and sharing this information about the true nature of banks is now critical.
But this latest incarnation of Apple policy is troubling to me.
"Latest"? Steve Jobs has been steadily building up to the current situation since the introduction of OSX. OSX was the foundation for the current empire. And it isn't finished yet.
Quote:
It doesn't jibe with the Apple I knew and loved.
Correct, they are not the guys in the white hats anymore that they used to be. Those days are long gone.
Quote:
Greed never seemed synonymous with them, now it does.
Absolutely! And not just monetary greed, but also power greed! They want to dominate the PC, tablet, phone, music, and video markets. Witness their 'walled garden' strategy and their trying to push Samsung Galaxy out of the market in Europe by getting it banned from stores by legal injunction (which failed; the case verdict will be October 25th; Samsung Galaxy devices are freely sold until at least then). But Apple did try! Which is clear monopolistic behavior. And they aren't finished yet: this legal action is meant to crash Samsung's stock value so that Apple can acquire Samsung Mobile for relative peanuts, and so check Google with its latest expensive acquisition Motorola Mobility.
Quote:
Originally Posted by Lmac12
Still a superior product.but one that's lost it's soul. It matters to me.
Quite.
Quote:
Now Apple has become what it used to scorn....in spades.
That's the bottom line!
But not everyone is blessed with historical perspective. Most have frighteningly short memories.
And they aren't finished yet: this legal action is meant to crash Samsung's stock value so that Apple can acquire Samsung Mobile for relative peanuts, and so check Google with its latest expensive acquisition Motorola Mobility.
Then Microsoft. Then Exxon-Mobil. Then the US government. Then....
Quote:
Originally Posted by Parttimer
But not everyone is blessed with historical perspective. Most have frighteningly short memories.
We have blessed people like you, so we don't need to have a historical perspective.
Comments
the banks really have the cash, Apple doesn't. It's a *valuation* right?
The banks really don't have much "money" at all:
http://www.youtube.com/watch?v=_doYllBk5No
Apple has over $70 billion.
And on that news, Apple stock sheds another 10 points…! :P
I know, I know, there's a global market/economic collapse underway and everyone's worried Apple will also suffer from the resulting lower demand… so there's a bit of a sell-off.
I think it's more of a market-adjustment, and it's not all as dire as predicted, but that's just me…
And who but Apple can shine even in times of economic hardship? They've been bucking all the trends consistently for years now.
You know, back in the Great Depression, people turned to entertainments to weather the emotional side of that event. It was a huge growth period for movie and music industries still in their infancy… I kind of see Apple positioned similarly.
Somehow, even a bad economy won't be that bad for them, I think… interesting times...
Well, Apple is doing a few things right. It's innovating, in other words creating value from where there was pretty much nothing before. It is in demand globally by the masses and by the elite. Ironically in a global slowdown Apple products will be even more desirable because especially in Asia, it will show you're "somebody". Apple also has 70 billion in "cash" (always "branded" by them as "short-term marketable securities", which is what it is, since "cash" is nothing but the banks promise to pay you... I hope this cash is spread across enough banks and securities in the event of liquidity issues). The Money As Debt videos on YouTube are really eye-opening, I suggest everyone has a good look at it. Basically banks owe Apple a ton of "REAL" money now. Not like other companies where it's constantly the other way around.
I don't think it's much of a compliment to say you're worth as much as a bunch of bankrupt banks.
It's more a reflection of the decadence of modern banking. Due to the fractional reserve system all banks around the world are pretty much close to bankrupt. But why worry? Central banks (ie. governments) will just bail them out because the system by default must create more and more debt to function.
Every job that does not require actual thinking will eventually be replaced my machines. And that is a good thing in my opinion because who, as a complicated unique human being, wants to spend their life doing mind-numbing repetitious tasks?
It has always been the case that more jobs are lost to technology than to low cost labor overseas, so don't blame the Chinese. They are just decent people trying to drag themselves out of poverty, even if we must keep a wary eye on their government.
Apple has done wonderful things for the tech industry and pulled it out of stagnation.
While some jobs will be replaced by machines, unfortunately there are still more countries out there where it is cheaper to hire people than make and maintain robots to do mind-numbing repetitious tasks. Yes, Foxconn is advancing just as the Japanese did with robots for making cars. But someone else will eventually pull a China, on China.
Worded differently (and more pertinently): this only shows how badly the banks are doing (after having erected luxurious buildings and while still paying excessive bonuses -- bonuses, if based on performance should be NEGATIVE now, instead of hugely positive).
The entire banking system is truly flawed and decrepit. I'm not saying we should go and throw petrol bombs at them, but becoming more aware is important, and sharing this information about the true nature of banks is now critical.
But this latest incarnation of Apple policy is troubling to me.
"Latest"? Steve Jobs has been steadily building up to the current situation since the introduction of OSX. OSX was the foundation for the current empire. And it isn't finished yet.
It doesn't jibe with the Apple I knew and loved.
Correct, they are not the guys in the white hats anymore that they used to be. Those days are long gone.
Greed never seemed synonymous with them, now it does.
Absolutely! And not just monetary greed, but also power greed! They want to dominate the PC, tablet, phone, music, and video markets. Witness their 'walled garden' strategy and their trying to push Samsung Galaxy out of the market in Europe by getting it banned from stores by legal injunction (which failed; the case verdict will be October 25th; Samsung Galaxy devices are freely sold until at least then). But Apple did try! Which is clear monopolistic behavior. And they aren't finished yet: this legal action is meant to crash Samsung's stock value so that Apple can acquire Samsung Mobile for relative peanuts, and so check Google with its latest expensive acquisition Motorola Mobility.
Still a superior product.but one that's lost it's soul. It matters to me.
Quite.
Now Apple has become what it used to scorn....in spades.
That's the bottom line!
But not everyone is blessed with historical perspective. Most have frighteningly short memories.
And they aren't finished yet: this legal action is meant to crash Samsung's stock value so that Apple can acquire Samsung Mobile for relative peanuts, and so check Google with its latest expensive acquisition Motorola Mobility.
Then Microsoft. Then Exxon-Mobil. Then the US government. Then....
But not everyone is blessed with historical perspective. Most have frighteningly short memories.
We have blessed people like you, so we don't need to have a historical perspective.
Then Microsoft. Then Exxon-Mobil. Then the US government. Then...
No.
Microsoft, Exxon-Mobil, and the US government haven't got a future.
But Shenzen, Taiwan, South-Korea, Malaysia, Singapore, India, and Brasil, a.o., do !