Apple first US company to be valued at $2tn

[Nearly Sane]

These are quite extraordinary numbers


https://www.bbc.co.uk/news/business-53840471

[jeremyp]

These are quite extraordinary numbers


https://www.bbc.co.uk/news/business-53840471

I was thinking "surely it isn't that long since they broke $1 trillion". And it's literally the second sentence of the article: "[Apple] reached the milestone just two years after becoming the world's first trillion-dollar company in 2018".

[Harrowby Hall]

To me, Apple seems to be as much a fashion brand as a technology brand. Its products are very good but I think that the image of owning an Apple poduct is as important as is the utility of the product owned. Repair charges for Apple products are ridiculously high.

I write as the owner of an iPhone and an iPad - and I wouldn't have any other.

[Steve H]

I'd'a thunk it'd've been Microsoft, if I'd been asked to guess.

[Steve H]

To me, Apple seems to be as much a fashion brand as a technology brand. Its products are very good but I think that the image of owning an Apple poduct is as important as is the utility of the product owned. Repair charges for Apple products are ridiculously high.

I write as the owner of an iPhone and an iPad - and I wouldn't have any other.

Never owned an apple in my life, apart from the actual apples on my trees. They are the only apples I'm interested in.

[Roses]

I prefer Microsoft to Apple

[Nearly Sane]

I was thinking "surely it isn't that long since they broke $1 trillion". And it's literally the second sentence of the article: "[Apple] reached the milestone just two years after becoming the world's first trillion-dollar company in 2018".

In part this explains the US stock market boom but it still seems overdone to me.

[jeremyp]

In part this explains the US stock market boom but it still seems overdone to me.

Market capitalisation (i.e. number of shares x price per share) has only a loose relationship to the profits and assets of the company. Apple makes about $90 billion per year (based on their profit of $22billion last quarter) which is a return of less than 5% on its market cap which would seem low, except people also buy shares in the hope that the actual price will go up, which is a fairly sure thing as far as Apple is concerned.

It's probably a fair price.

[Nearly Sane]

Market capitalisation (i.e. number of shares x price per share) has only a loose relationship to the profits and assets of the company. Apple makes about $90 billion per year (based on their profit of $22billion last quarter) which is a return of less than 5% on its market cap which would seem low, except people also buy shares in the hope that the actual price will go up, which is a fairly sure thing as far as Apple is concerned.

It's probably a fair price.

  It's just the the price to earnings p/e ratio has increased significantly of late.

https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-ratio

[Nearly Sane]

Oddly the 2 trilllion figure is mirrored here



https://www.bbc.co.uk/news/business-53859299

[King Oberon]

I can understand their trendy Ipods etc but as a dedicated PC user i never saw the fascination.

Even from early on their software (and games) were more expensive than an ordinary PC and of course you have to get all your parts from them.

Yes i admit their PC's are good but for me i have to upgrade regularly bits and pieces one at a time and the convenience of just popping out to the local computer shop and getting exactly what i need for a normal price would always outweigh a fancy case..

Talking about Trillions i read that the UK government spending hit 2 as well, maybe they could pay us some taxes? 

[Nearly Sane]

I can understand their trendy Ipods etc but as a dedicated PC user i never saw the fascination.

Even from early on their software (and games) were more expensive than an ordinary PC and of course you have to get all your parts from them.

Yes i admit their PC's are good but for me i have to upgrade regularly bits and pieces one at a time and the convenience of just popping out to the local computer shop and getting exactly what i need for a normal price would always outweigh a fancy case..

Talking about Trillions i read that the UK government spending hit 2 as well, maybe they could pay us some taxes? 

Long time no write, a big hello to King Oberon. I've never owned an Apple product and other than  for work, don't need a PC -can do everything I need on phone and kindle. And I had noticed the appearance of 2 trillion figures in two days

[jeremyp]

  It's just the the price to earnings p/e ratio has increased significantly of late.

https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-ratio

The P/E ratio has probably gone up for a lot of companies because the world economy is in a slump and yet share prices remain remarkably buoyant. I can't explain the phenomenon.

[jeremyp]

I can understand their trendy Ipods etc but as a dedicated PC user i never saw the fascination.

You're a bit behind the curve granddad. Phones is where it's at right now. An iPhone costs hundreds of dollars and yet billions of people have got them.

Even from early on their software (and games) were more expensive than an ordinary PC and of course you have to get all your parts from them.

Yes i admit their PC's are good but for me i have to upgrade regularly bits and pieces one at a time and the convenience of just popping out to the local computer shop and getting exactly what i need for a normal price would always outweigh a fancy case..

Talking about Trillions i read that the UK government spending hit 2 as well, maybe they could pay us some taxes? 

I use Apple laptops and they may be expensive as an initial purchase (actually they are not hugely expensive, if you compare like for like), but they seem to last much better than the non Apple equivalents. If you have a Mac laptop, it will almost certainly still feel like a good computer in five years time - even without doing upgrades. It's very much the Vimes theory of Economic Unfairness.

[Nearly Sane]

Apple now worth the entire FT-SE 100


https://www.bbc.co.uk/news/business-53996191#