Get serious here. Petrochina is/was a joke. The stock runup that it had which put it briefly at $1T was a silly little bubble for a commodity company in a nascent Chinese exchange that was having trouble pricing its stocks in its early days. It is at ~25% of that value now, which is closer to its true price.
The beauty is AAPL is still an undervalued company at this price. It will continue to grow from this level, (in that process, it surely will fall below that number as well, I.e., there will be volatility). It is the first legitimate trillion dollar company. Period.
Consider that the company was nearly bankrupt 20 years ago. Jobs is surely smiling up there today.
I think he may have been an atheist or possibly a Buddhist...
UPDATE: Buddhist
Das ist nicht "Buddhist"
verklempt | fərˈklemt |
adjective North American informal overcome with emotion: she was all verklempt earlier this week over her latest split from her husband.
ORIGIN from Yiddish farklempt, from German verklemmt, literally ‘pinched, squeezed’.
Um, no, Jobs was Buddhist, so the whole eternal ethereal “up in heaven, looking down” wouldn’t fall in line with non-eternal, multiple heavens and hells as well as rebirth/reincarnation.
The definition of verklempt wasn’t being attributed to Buddhism.
Consider that the company was nearly bankrupt 20 years ago. Jobs is surely smiling up there today.
Yeah, I remember that time when they almost went bankrupt and I was with the company that time period. Glad to hold on to some AAPL shares up to this moment.
Consider that the company was nearly bankrupt 20 years ago. Jobs is surely smiling up there today.
I think he may have been an atheist or possibly a Buddhist...
UPDATE: Buddhist
Das ist nicht "Buddhist"
verklempt | fərˈklemt |
adjective North American informal overcome with emotion: she was all verklempt earlier this week over her latest split from her husband.
ORIGIN from Yiddish farklempt, from German verklemmt, literally ‘pinched, squeezed’.
Um, no, Jobs was Buddhist, so the whole eternal ethereal “up in heaven, looking down” wouldn’t fall in line with non-eternal, multiple heavens and hells as well as rebirth/reincarnation.
The definition of verklempt wasn’t being attributed to Buddhism.
CNBC has the bears out today. Saying Apple is just a consumer electronics company and prices and margins always come down and will come down with Apple too. Also fretting over Apple being too dependent on iPhone and services growth all ties to iPhone. And complaining about all the cash the company has and not doing any large acquisitions with it. Now that the 1T milestone has been hit (even if it was intra-day only) the bears will be out in full force.
Their statement are true for any company this is not unique to Apple. But apple is the only company who has held its margins and grew ASP very few company can say this. Keep in mind the analysis had been completely wrong on apple for a long time. The media should be calling these people out and just keep asking why should anyone trust them since they have wrong along. But the media is afraid to challenge anyone unless it is the most hated leader of the free world.
Now that Apple cross the $1T mark in the sand, it will have less resistance to keep go up more.
Everyone please note, Apple at $1T did it with a PE of 18, not the 146 of Amazon following right behind. Think what will happen if Amazon has one misstep they will come crashing back really fast.
I will cautions everyone on this $1T number, Apple removed a large number of shares from the market which was revealed Tueday and most financial sites still show the old outstanding shares. It going to take a few days for these website to catch up and the Market cap are automatically calculated based on the current share price and the outstanding shares which is not automatically loaded.
Get serious here. Petrochina is/was a joke. The stock runup that it had which put it briefly at $1T was a silly little bubble for a commodity company in a nascent Chinese exchange that was having trouble pricing its stocks in its early days. It is at ~25% of that value now, which is closer to its true price.
The beauty is AAPL is still an undervalued company at this price. It will continue to grow from this level, (in that process, it surely will fall below that number as well, I.e., there will be volatility). It is the first legitimate trillion dollar company. Period.
I agree with all of your post. But still, Apple is not the first $1T worldwide company, doesn't matter the issues around PertroChina valuation.
Get serious here. Petrochina is/was a joke. The stock runup that it had which put it briefly at $1T was a silly little bubble for a commodity company in a nascent Chinese exchange that was having trouble pricing its stocks in its early days. It is at ~25% of that value now, which is closer to its true price.
The beauty is AAPL is still an undervalued company at this price. It will continue to grow from this level, (in that process, it surely will fall below that number as well, I.e., there will be volatility). It is the first legitimate trillion dollar company. Period.
Agreed. Nevertheless, it was the first trillion dollar company. Apple will be the first stable, long term, trillion dollar company.
Consider that the company was nearly bankrupt 20 years ago. Jobs is surely smiling up there today.
I think he may have been an atheist or possibly a Buddhist...
UPDATE: Buddhist
Das ist nicht "Buddhist"
verklempt | fərˈklemt |
adjective North American informal overcome with emotion: she was all verklempt earlier this week over her latest split from her husband.
ORIGIN from Yiddish farklempt, from German verklemmt, literally ‘pinched, squeezed’.
Um, no, Jobs was Buddhist, so the whole eternal ethereal “up in heaven, looking down” wouldn’t fall in line with non-eternal, multiple heavens and hells as well as rebirth/reincarnation.
The definition of verklempt wasn’t being attributed to Buddhism.
Isn't the afterlife a state of mind "Nirvana" to Buddhists ?
I just love these guys who try to claim Apple stock only went up due the buy back, Apple only bought back 20% of the outstanding shares over the last 5 yrs. and this guy is claiming it value increase 42%. If a company who was not growing it business this could be true, Apple continue to grow it business during this time. Apple could have hit $1T sooner if they were not taking stock out of the float. Could have possibly done more things with the money grew the stock more. But no knows any of the what ifs, but to simple claim it this mark due to stock buy back it not true.
The day after its stock hit the $200 mark, Apple became the first $1 trillion company in history, beating Amazon to earn the first 12-figure company valuation in the history of business.
...
Not so fast....
The Dutch East India Company was worth about $7.4 trillion in 2012 $$ and that, in the 17th century.
CNBC has the bears out today. Saying Apple is just a consumer electronics company and prices and margins always come down and will come down with Apple too. Also fretting over Apple being too dependent on iPhone and services growth all ties to iPhone. And complaining about all the cash the company has and not doing any large acquisitions with it. Now that the 1T milestone has been hit (even if it was intra-day only) the bears will be out in full force.
Their statement are true for any company this is not unique to Apple. But apple is the only company who has held its margins and grew ASP very few company can say this. Keep in mind the analysis had been completely wrong on apple for a long time. The media should be calling these people out and just keep asking why should anyone trust them since they have wrong along. But the media is afraid to challenge anyone unless it is the most hated leader of the free world.
Now that Apple cross the $1T mark in the sand, it will have less resistance to keep go up more.
Everyone please note, Apple at $1T did it with a PE of 18, not the 146 of Amazon following right behind. Think what will happen if Amazon has one misstep they will come crashing back really fast.
I will cautions everyone on this $1T number, Apple removed a large number of shares from the market which was revealed Tueday and most financial sites still show the old outstanding shares. It going to take a few days for these website to catch up and the Market cap are automatically calculated based on the current share price and the outstanding shares which is not automatically loaded.
Someone on the earnings call was really pushing Cook on this point...basically arguing as goes the iPhone so goes services. Wall Street just can’t stop worrying about the iPhone. But Jason Snell had some interesting thoughts in his write up about the quarter. He seemed a bit depressed about Cook spending so much time on services. His thought was if Apple starts moving away from being a product company Apple will lose the essence or what it is or what made it great. I must admit I’m much more interested in new hardware than the new TV shows they’re working on. IF Apple were to slowly become a media company selling subscriptions across various platforms and there was less focus on new products I’d probably be less interested in the company. Just like some Microsoft fans have less interest in the company as Nadella re-focuses it on cloud/enterprise. My iPhone 10 is sexy, something to lust after. An Apple Music subscription is not.
Comments
The beauty is AAPL is still an undervalued company at this price. It will continue to grow from this level, (in that process, it surely will fall below that number as well, I.e., there will be volatility). It is the first legitimate trillion dollar company. Period.
The definition of verklempt wasn’t being attributed to Buddhism.
I kind of feel used by Apple. Happily used. But used and absused.
Please. Just some sort of token appreciation.
Their statement are true for any company this is not unique to Apple. But apple is the only company who has held its margins and grew ASP very few company can say this. Keep in mind the analysis had been completely wrong on apple for a long time. The media should be calling these people out and just keep asking why should anyone trust them since they have wrong along. But the media is afraid to challenge anyone unless it is the most hated leader of the free world.
Now that Apple cross the $1T mark in the sand, it will have less resistance to keep go up more.
Everyone please note, Apple at $1T did it with a PE of 18, not the 146 of Amazon following right behind. Think what will happen if Amazon has one misstep they will come crashing back really fast.
I will cautions everyone on this $1T number, Apple removed a large number of shares from the market which was revealed Tueday and most financial sites still show the old outstanding shares. It going to take a few days for these website to catch up and the Market cap are automatically calculated based on the current share price and the outstanding shares which is not automatically loaded.
...Can they give us a proper MacBook Pro with features and accessibility we need now?
THANKS!!!!!!!
I just love these guys who try to claim Apple stock only went up due the buy back, Apple only bought back 20% of the outstanding shares over the last 5 yrs. and this guy is claiming it value increase 42%. If a company who was not growing it business this could be true, Apple continue to grow it business during this time. Apple could have hit $1T sooner if they were not taking stock out of the float. Could have possibly done more things with the money grew the stock more. But no knows any of the what ifs, but to simple claim it this mark due to stock buy back it not true.
The Dutch East India Company was worth about $7.4 trillion in 2012 $$ and that, in the 17th century.
https://www.fool.com/investing/general/2012/08/22/a-history-of-ridiculously-big-companies.aspx