"Sun President and Chief Executive Officer Scott McNealy said Apple's operating system is already irrelevant.
"There's Java and there's Windows. Those are the only two that are going to survive, those are the only two that matter and the only two that have volume and critical mass," he said."
Apple products are as precious as oil. Maybe more precious than oil. It's funny, a few years back, people said Apple would never be worth more than Microsoft when Microsoft had a high market cap of $600B back in the dot.com bubble era. Well, Apple blew through that mark and is now worth more than three times that amount. It's crazy how wrong some people can be. However, many people are saying how the stock market is in a Coronavirus bubble. I hope this bubble doesn't burst too soon for Apple.
Breathtaking. At this rate maybe they should do a 5 for 1 split instead of 4 for 1 to keep it more inline with Dow 30 stocks.
The Dow is a stupid and completely archaic market index. The constituent stocks are picked by one person: the editor of the Wall Street Journal. The index is price weighted not market cap weighted. After Apple's 4-to-1 stock split, it will drop them down to #18 on the DJI. The Dow Jones Index has been obsolete for 50+ years.
Real investors look at the S&P 500 index as a far more accurate barometer of corporate America. There's a committee that selects the constituent companies and it is market cap weighted so #1 contributes more to S&P 500 than #500.
Note that the S&P 500 has some rules of its own. One reason why Berkshire-Hathaway issued cheaper-priced Class B shares was to gain appropriate representation on the S&P 500 as well as greater adoption from fund managers, retirement pension plans, etc.
That said, I'm pretty sure Cook, Apple's BOD, CFO Maestri are all pretty aware of the impacts of the stock split since they did 7-to-1 back in 2004. They could have picked any multiple yet settled on four.
A hundred bucks doesn't buy as much today as it did twenty years ago.
I'm skeptical about the mention of Saudi Aramco which IPO-ed 1.5% of its value. With so few publicly traded shares I rather doubt that that market capitalization is a good indicator of Saudi Aramco's true value.
Couldn’t agree more yet the Dow is quoted in all news broadcasts whereas the S&P usually is not. It’s a hard habit to break apparently.
This has turned into one of the more interesting forum topics. 2045 does seem overly optimistic for AGI yet 2112 seems more likely (Federighi would probably agree, being a huge Rush fan). It’s been argued that Kubrick’s 2001 vision was delayed by the Vietnam War and the toll it took beyond lives. There will be setbacks to AGI, such as a major worldwide economic depression once the debt loads are no longer sustainable.
Which company will become the Tyrell Corporation? Apple, Microsoft, SpaceX, Google, ...? Or more likely yet, which government?
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Hahaha.
Which company will become the Tyrell Corporation? Apple, Microsoft, SpaceX, Google, ...? Or more likely yet, which government?