Did PetroChina legitimately get to 1T? Is it even a publicly traded company?
It happened on their first day of their IPO during a spike. It wasn't sustained (a blip), they certainly didn't close that day anywhere near $1T USD, and have been far from it ever since. That's why I don't count this spike as a milestone for Apple until it's sustained, which at least means closing the market with a $1T market cap.
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.
Yes, let's get serious. If we don't count PetroChina's single day blip to $1T USD then why should we could Apple's? How about we save the party favors and rejoicing in the streets until the milestone can be sustained, not just a very brief, inter-day spike in the market?
Did PetroChina legitimately get to 1T? Is it even a publicly traded company?
It happened on their first day of their IPO during a spike. It was sustained for more than a moment, they certainly didn't close that day anywhere near $1T USD, and have been far from it ever since. That's why I don't count this spike as a milestone for Apple until it's sustained, which at least means closing the market with a $1T market cap.
PS: If not for buybacks Apple would've reached this a long time ago.
You make the assumption that the share price would have gone to the necessary number to equal 1T without the buybacks; part of Appleās value is the companyās buybacks.
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.
Yes, let's get serious. If we don't count PetroChina's single day blip to $1T USD then why should we could Apple's? How about we save the party favors and rejoicing in the streets until the milestone can be sustained, not just a very brief, inter-day spike in the market?
Well, $208.22 with a couple of hours to go. Looks like it may very well close above $1trillion.
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 canāt 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 Iām much more interested in new hardware than the new TV shows theyāre working on. IF Apple were to slowly become a media company selling subscriptions across various platforms and there was less focus on new products Iād 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.
IMO, Apple services are very different from MS cloud services, and more similar to XBox services. Xbox and Apple services services are very dependent on the device, XBox or iPhone. If iPhone sales goes down, same happen to the services. I'm sure Apple focus in the iPhone will be #1 for many years to keep the sales of services going up. At the same time, I don't think Apple have the same interest in other devices, as Macs.
Meanwhile the haters, doubters, negative types are losing their minds spewing every invective they can think of. Apple is a Chinese company, Apple is a cult, Apple customers are stupid, break Apple up, itās a lie... the insanity is getting scary. Go to Yahoo Finance and look at the comments. Go to some other financial sites with comment sections. Go to MacRumors. These people are coming unglued, splitting at the seams, their heads are exploding.
Some people are obsessed alright, the haters thatās for sure.
If Apple discovered the cure for all forms of cancer and made it freely available (FRAND?), the hate-bags at MacRumors would still spew anti-Apple invective, not just at the company but at its customers (and possibly the former cancer patients).
Did PetroChina legitimately get to 1T? Is it even a publicly traded company?
It happened on their first day of their IPO during a spike. It was sustained for more than a moment, they certainly didn't close that day anywhere near $1T USD, and have been far from it ever since. That's why I don't count this spike as a milestone for Apple until it's sustained, which at least means closing the market with a $1T market cap.
PS: If not for buybacks Apple would've reached this a long time ago.
You make the assumption that the share price would have gone to the necessary number to equal 1T without the buybacks; part of Appleās value is the companyās buybacks.
I do make that assumption. There is truth to what you say because the buybacks do offer a value to investors, but I don't think there's a 1:1 ratio between the two.
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.
Yes, let's get serious. If we don't count PetroChina's single day blip to $1T USD then why should we could Apple's? How about we save the party favors and rejoicing in the streets until the milestone can be sustained, not just a very brief, inter-day spike in the market?
Well, $208.22 with a couple of hours to go. Looks like it may very well close above $1trillion.
If it closes above $1T I'd say it's a milestone. For some reason Google is still showing Apple with only a $964 market cap.
Currently about $0.15 short. Still possible to close above $207.05 by trading dayās end. I doubt there will a press release from Apple but it will be on the national news this evening for sure. Meanwhile the haters, doubters, negative types are losing their minds spewing every invective they can think of. Apple is a Chinese company, Apple is a cult, Apple customers are stupid, break Apple up, itās a lie... the insanity is getting scary. Go to Yahoo Finance and look at the comments. Go to some other financial sites with comment sections. Go to MacRumors. These people are coming unglued, splitting at the seams, their heads are exploding.
Some people are obsessed alright, the haters thatās for sure.
Like this article. Even the image they used is a strong indicator of the type of the reader they're expecting.
OMG SOOOOO GREEEETTT. ...Can they give us a proper MacBook Pro with features and accessibility we need now? THANKS!!!!!!!
No because there's nothing wrong with the current one...which is selling better than the one you want. You might as well just shut up about the Mac you would like to see because it Apple is not going backwards. You can join in with the folks who think Apple should release a 17" MacBook Pro again.
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.
The bears are correct. Prices and margins will come down on existing products. And if Apple sits and does nothing over the next decade their margins would surely drop.
... as if Apple were going to sit on their arses and do nothing ...
The buffonery continues. But at least they get to be on TV.
Comments
If it closes above $1T I'd say it's a milestone. For some reason Google is still showing Apple with only a $964 market cap.
Like this article. Even the image they used is a strong indicator of the type of the reader they're expecting.
... as if Apple were going to sit on their arses and do nothing ...
The buffonery continues. But at least they get to be on TV.
He may or may not have jumped off a building...