AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
this is worth a watch to put things in perspective. Apple is still small fry compared to the true king a $7.9trillion company.
the video is by a studio called cold fusion and it looks at the top 8 companies by market cap.
The Dutch India Company is an old chestnut. Sure, if you compound at inflation over all those hundreds of years, any small number will look impressive. (Others bring up Saudi Aramco, still a private company). Big deal.
No company in the world has traded at the market cap of AAPL or MSFT.
well... our economic model does compound inflation over time and it was publicly traded. if you want to exclude economic principles from economics i suppose you can.
those companies by any measure were impressive, wielding armies, owning cities, colonising nations, controlling global shipping, resources and consumables at scales that AAPL and MSFT compare to.
i think it is reasonable to reference them, to help temper the current hubris about our giant amazingness.
Well, $1.07 trillion is not “far higher” than a trillion. In fact, I believe it’s less than it was last year because of the stock buybacks, resulting in a lot fewer shares, more than making up for the $3.50 extra stock price. It doesn’t really matter, but this is a discussion of that, so I thought I’d mention it. For most people the share price matters much more than the total valuation.
but let’s be careful here. Stock prices are very much in thrall to the trade war ebbing and waning. Next week, the market could be down by several percent, or up by several percent. It’s very unpredictable these days.
Right, always point out the downside, the negative, the dark cloud. Heaven forbid anyone should be happy and thrilled. Keep your head down and stay depressed, disappointed, unimpressed, finding no joy in anything. Point out the flaws, not the strengths. Keep your feet firmly planted in grey clay. How in hell does mankind ever achieve anything. There’s this stinker of movie out there called Melancholia about screwed up people waiting for the end of the world. Sergei Rachmaninoff went into a deep depression after the failure of his Symphony No.1. After his psychiatrist brought him out of it the result was his famous Piano Concerto No. 2, one of the most beloved pieces of music ever written. He dedicated it to his psychiatrist, Dr. Dahl.
Oh, and keep bitching about anything Apple says or does. It’s the only way to live. And the Dutch East India Company FTW! Apple is an insignificant, irrelevant small time operation.
Man, this place is amazing in its ability to stay in the doldrums.
I think Mel has 100,000 AAPL shares, if memory serves. He’s hardly a Debbie Downer.
$23,000,000 in Apple shares? Not bad at all, if the amount is correct.
I don’t ever recall Mel spilling the beans on how many shares he has, but I do remember him mentioning he sold some a number of years ago. I have nowhere near Mel’s alleged holdings, but I’ve never sold and I’ve been effectively retired for a couple of years thanks to Apple’s stock value increase (my retirement goal was hit and I continue to work just to keep busy).
AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
Now imagine if Bill didn't create a multi-billion dollar company from stealing Apples idea (Windows)? Apple would have hit 2T by now.
And there are actually some that imagine that Microsoft would be a $2T market cap company by now, if Bill didn't "save" Apple, by giving them a $150M. They believe that if it weren't for that $150M that "save" Apple from certain doom, the Zune, Microsoft Lumina, Surface and Windows Mobile would set the standards in their respective market, instead of the iPod, iPhone, iPad and iOS.
AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
this is worth a watch to put things in perspective. Apple is still small fry compared to the true king a $7.9trillion company.
the video is by a studio called cold fusion and it looks at the top 8 companies by market cap.
The Dutch India Company is an old chestnut. Sure, if you compound at inflation over all those hundreds of years, any small number will look impressive. (Others bring up Saudi Aramco, still a private company). Big deal.
No company in the world has traded at the market cap of AAPL or MSFT.
well... our economic model does compound inflation over time and it was publicly traded. if you want to exclude economic principles from economics i suppose you can.
those companies by any measure were impressive, wielding armies, owning cities, colonising nations, controlling global shipping, resources and consumables at scales that AAPL and MSFT compare to.
i think it is reasonable to reference them, to help temper the current hubris about our giant amazingness.
Except for the fact all the money in the world in 1636 couldn’t have bought you a course of penicillin. It’s arguable the average middle class person today is better off than 17th century royalty. Well, if that middle class person isn’t self-destructive... and owns an iPhone.
Well, $1.07 trillion is not “far higher” than a trillion. In fact, I believe it’s less than it was last year because of the stock buybacks, resulting in a lot fewer shares, more than making up for the $3.50 extra stock price. It doesn’t really matter, but this is a discussion of that, so I thought I’d mention it. For most people the share price matters much more than the total valuation.
but let’s be careful here. Stock prices are very much in thrall to the trade war ebbing and waning. Next week, the market could be down by several percent, or up by several percent. It’s very unpredictable these days.
Right, always point out the downside, the negative, the dark cloud. Heaven forbid anyone should be happy and thrilled. Keep your head down and stay depressed, disappointed, unimpressed, finding no joy in anything. Point out the flaws, not the strengths. Keep your feet firmly planted in grey clay. How in hell does mankind ever achieve anything. There’s this stinker of movie out there called Melancholia about screwed up people waiting for the end of the world. Sergei Rachmaninoff went into a deep depression after the failure of his Symphony No.1. After his psychiatrist brought him out of it the result was his famous Piano Concerto No. 2, one of the most beloved pieces of music ever written. He dedicated it to his psychiatrist, Dr. Dahl.
Oh, and keep bitching about anything Apple says or does. It’s the only way to live. And the Dutch East India Company FTW! Apple is an insignificant, irrelevant small time operation.
Man, this place is amazing in its ability to stay in the doldrums.
I think Mel has 100,000 AAPL shares, if memory serves. He’s hardly a Debbie Downer.
$23,000,000 in Apple shares? Not bad at all, if the amount is correct.
I don’t ever recall Mel spilling the beans on how many shares he has, but I do remember him mentioning he sold some a number of years ago. I have nowhere near Mel’s alleged holdings, but I’ve never sold and I’ve been effectively retired for a couple of years thanks to Apple’s stock value increase (my retirement goal was hit and I continue to work just to keep busy).
I’ve paid close attention to such details over my years here. I’m still holding 7000 shares, have been for years, and made my post-career fortune (which is a few times larger than my software startup career fortune) trading AAPL options, including a few years running a FB group of like-minded traders I cultivated from a few sources. But the high volatility days of Apple options are mostly past, and I’ve spread out my gains into a very nice dividend-paying portfolio that’ll pretty much guarantee I’ll never have to touch any of the principal, unless I decide I need my own jet.
The economy is divided into two parts: Wall Street and Main Street. The Federal Reserve is supposed to balance the two. But the rich, being well invested, push policies to enhance their side, Wall Street, while Main Street is filled with potholes.
It's good for those of us with investments, and I'm fortunate enough to have a stake there. But, I don't live in a gated community so it's clear from my vantage that Main Street is crumbling along with the planet as a whole.
The economy is divided into two parts: Wall Street and Main Street. The Federal Reserve is supposed to balance the two. But the rich, being well invested, push policies to enhance their side, Wall Street, while Main Street is filled with potholes.
It's good for those of us with investments, and I'm fortunate enough to have a stake there. But, I don't live in a gated community so it's clear from my vantage that Main Street is crumbling along with the planet as a whole.
So what? Utopian Communism? When has the world ever been different? With every revolution, violent or peaceful, there have been promises of equality, fraternity, love, peace with everybody getting their piece of the pie. When has that ever been the case? Capitalism is evil until you realize how something else works in its place.
Perhaps I will treat myself to a nice steak dinner tonight, or maybe I'll buy a new iPad Pro if one is announced soon, or maybe I'll do both!
And now I just use DRIP for the dividends, so that my share amount will slowly but surely increase every single quarter. Over time, every small thing adds up.
👍yes indeed. Been using DRIP for years to beef up shares.
AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
Now imagine if Bill didn't create a multi-billion dollar company from stealing Apples idea (Windows)? Apple would have hit 2T by now.
And there are actually some that imagine that Microsoft would be a $2T market cap company by now, if Bill didn't "save" Apple, by giving them a $150M. They believe that if it weren't for that $150M that "save" Apple from certain doom, the Zune, Microsoft Lumina, Surface and Windows Mobile would set the standards in their respective market, instead of the iPod, iPhone, iPad and iOS.
LOL, if it were not for the $150M invested into Apple ole Microsoft would have never "invented" the Zune, Microsoft Lumina, Surface and Windows Mobile. Their investment was really their remote R&D lab since Microsoft seems not to be a very creative place.
AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
Now imagine if Bill didn't create a multi-billion dollar company from stealing Apples idea (Windows)? Apple would have hit 2T by now.
AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
Now imagine if Bill didn't create a multi-billion dollar company from stealing Apples idea (Windows)? Apple would have hit 2T by now.
Like how Apple "stole" the mouse from Xerox?
In High Tech, no one is pure.
Wow. Amazing how this illiterate, imbecilic, uninformed urban myth shows up once every few years...
AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
Now imagine if Bill didn't create a multi-billion dollar company from stealing Apples idea (Windows)? Apple would have hit 2T by now.
Like how Apple "stole" the mouse from Xerox?
In High Tech, no one is pure.
Except that Apple didn’t steal anything from Xerox PARC.
Well, $1.07 trillion is not “far higher” than a trillion. In fact, I believe it’s less than it was last year because of the stock buybacks, resulting in a lot fewer shares, more than making up for the $3.50 extra stock price. It doesn’t really matter, but this is a discussion of that, so I thought I’d mention it. For most people the share price matters much more than the total valuation.
but let’s be careful here. Stock prices are very much in thrall to the trade war ebbing and waning. Next week, the market could be down by several percent, or up by several percent. It’s very unpredictable these days.
Right, always point out the downside, the negative, the dark cloud. Heaven forbid anyone should be happy and thrilled. Keep your head down and stay depressed, disappointed, unimpressed, finding no joy in anything. Point out the flaws, not the strengths. Keep your feet firmly planted in grey clay. How in hell does mankind ever achieve anything. There’s this stinker of movie out there called Melancholia about screwed up people waiting for the end of the world. Sergei Rachmaninoff went into a deep depression after the failure of his Symphony No.1. After his psychiatrist brought him out of it the result was his famous Piano Concerto No. 2, one of the most beloved pieces of music ever written. He dedicated it to his psychiatrist, Dr. Dahl.
Oh, and keep bitching about anything Apple says or does. It’s the only way to live. And the Dutch East India Company FTW! Apple is an insignificant, irrelevant small time operation.
Man, this place is amazing in its ability to stay in the doldrums.
What is wrong with you? You don’t like an objective reality? You jump up and down every time Apple moves up a dollar? Are you holding your breath right now, hoping that it will make Apple move up a few more points on Monday? If so, you shouldn’t be investing.
those of us who have substantial Apple holdings (and for a long time) think about this more carefully. When some writer says the valuation is “far higher” than some number, and it’s really just barely above that number, you think that the kids should be thrilled by that incorrect statement? And if it drops back down to say, $993 billion (about the same percentage), what should be said then? By your account, that it’s “barely below” a trillion? Or reflect the writer here, and say that it’s “far lower” than a trillion? Oh no, you won’t do that, because you think we should all live in happy times. I would not say it’s far lower any more than I would say this is far higher, because neither is true.
also, noting market vagaries is something important. After all, the trade war, and other issues, such as the Chinese anger over Huawei, have kept the stock from hitting $250 end of last year. China sales are depressed because of these issues, and that’s a big chunk of why Apple is where it is now. So understanding, and acknowledging this is important.
so no, I’m not in absolute joy over this now, and nobody else should be either. We should be happy that Apple’s sales seem to be better than expected, and also happy that the trend is upwards. But we also need to know that part of this trend is the recent market rise reflecting the current situation, which can change these days with surprising swiftness. In order to not suffer depression when things might turn down, you shouldn’t be too thrilled when they turn up. That’s sound investing advice, and it serves for other situations as well.
AAPL reached a market cap of 1.067T, equalling MSFT’s 1.067T. Tied!
Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Now they are two most co-valuable companies in the world.
No tech founder anywhere, not Bell, not Flint/Watson, not Hewlett, not Packard, not Edison, nor any tech founder since, has been able to match this.
What an incredible achievement.
this is worth a watch to put things in perspective. Apple is still small fry compared to the true king a $7.9trillion company.
the video is by a studio called cold fusion and it looks at the top 8 companies by market cap.
The Dutch India Company is an old chestnut. Sure, if you compound at inflation over all those hundreds of years, any small number will look impressive. (Others bring up Saudi Aramco, still a private company). Big deal.
No company in the world has traded at the market cap of AAPL or MSFT.
well... our economic model does compound inflation over time and it was publicly traded. if you want to exclude economic principles from economics i suppose you can.
those companies by any measure were impressive, wielding armies, owning cities, colonising nations, controlling global shipping, resources and consumables at scales that AAPL and MSFT compare to.
i think it is reasonable to reference them, to help temper the current hubris about our giant amazingness.
Yes, they were very impressive, in a world with a totally different kind of economy, with a totally different type of governing theory. We really need to talk only about modern economic concepts. Back then, the entanglement between companies such as those, with patents to enable them, bringing direct benefit to the royal families that were their enablers, while physically bringing empire to those foreign regions, is very different to even the largest multinationals of today, where benefits to the originating country and governments is much less, and indirect.
so I don’t agree that there’s much of a correlation between those old companies and modern ones, surely not enough to make comparisons on either side relevant.
Comments
those companies by any measure were impressive, wielding armies, owning cities, colonising nations, controlling global shipping, resources and consumables at scales that AAPL and MSFT compare to.
i think it is reasonable to reference them, to help temper the current hubris about our giant amazingness.
I’ve paid close attention to such details over my years here. I’m still holding 7000 shares, have been for years, and made my post-career fortune (which is a few times larger than my software startup career fortune) trading AAPL options, including a few years running a FB group of like-minded traders I cultivated from a few sources. But the high volatility days of Apple options are mostly past, and I’ve spread out my gains into a very nice dividend-paying portfolio that’ll pretty much guarantee I’ll never have to touch any of the principal, unless I decide I need my own jet.
It's good for those of us with investments, and I'm fortunate enough to have a stake there. But, I don't live in a gated community so it's clear from my vantage that Main Street is crumbling along with the planet as a whole.
Wow. Amazing how this illiterate, imbecilic, uninformed urban myth shows up once every few years...
those of us who have substantial Apple holdings (and for a long time) think about this more carefully. When some writer says the valuation is “far higher” than some number, and it’s really just barely above that number, you think that the kids should be thrilled by that incorrect statement? And if it drops back down to say, $993 billion (about the same percentage), what should be said then? By your account, that it’s “barely below” a trillion? Or reflect the writer here, and say that it’s “far lower” than a trillion? Oh no, you won’t do that, because you think we should all live in happy times. I would not say it’s far lower any more than I would say this is far higher, because neither is true.
also, noting market vagaries is something important. After all, the trade war, and other issues, such as the Chinese anger over Huawei, have kept the stock from hitting $250 end of last year. China sales are depressed because of these issues, and that’s a big chunk of why Apple is where it is now. So understanding, and acknowledging this is important.
so no, I’m not in absolute joy over this now, and nobody else should be either. We should be happy that Apple’s sales seem to be better than expected, and also happy that the trend is upwards. But we also need to know that part of this trend is the recent market rise reflecting the current situation, which can change these days with surprising swiftness. In order to not suffer depression when things might turn down, you shouldn’t be too thrilled when they turn up. That’s sound investing advice, and it serves for other situations as well.
so I don’t agree that there’s much of a correlation between those old companies and modern ones, surely not enough to make comparisons on either side relevant.