sobercuban Posted August 2, 2018 Report Share Posted August 2, 2018 HOLY ****! https://www.cnbc.com/2018/08/02/apple-hits-1-trillion-in-market-value.html Apple hit a market cap of $1 trillion on Thursday, as the iPhone maker became the first publicly traded U.S. company to reach the valuation. The stock rose nearly 3 percent after a strong fiscal third-quarter earnings report earlier this week, briefly hitting a session high of $207.05 in midday trading before falling back below $207. Based on a recently adjusted outstanding share count of 4,829,926,000 shares, a stock price of $207.05 nudged Apple over the finish line in the race to $1 trillion. Investors had previously been looking for a share price of $203.45, but the company's hefty stock buybacks moved the threshold higher. "I think it just speaks to just how powerful the Apple ecosystem has become over the last few decades," GBH Insights analyst Dan Ives told CNBC after the historic market move. "This is not the end, that they hit $1 trillion. I view this as just kind of speaking to a new stage of growth and profitability." Ives credited the company's growing software and services revenuewith driving the valuation. The catch-all category — which includes the App Store, AppleCare, Apple Pay, iTunes and cloud services — posted record revenue of $9.55 billion for the June quarter. "It just speaks to the vision that [co-founder Steve Jobs] and now [CEO Tim Cook] have had in making sure Apple isn't just a hardware company," Ives said. Amazon had also been approaching the threshold, surpassing $900 billion in market value in July. Apple had quite the head start, though, hitting $900 billion in November. Many on Wall Street noted earlier this week that Apple was firmly on the path to $1 trillion. Aswath Damodaran, professor of finance at New York University's Stern School of Business and the so-called dean of valuation, said the stock is still cheap even at $1 trillion. 1 Link to comment Share on other sites More sharing options...
POTUF Posted August 2, 2018 Report Share Posted August 2, 2018 HOLY ****! https://www.cnbc.com/2018/08/02/apple-hits-1-trillion-in-market-value.html Crazy. Wish I had known. Stock made gains today after the news. Link to comment Share on other sites More sharing options...
sobercuban Posted August 2, 2018 Author Report Share Posted August 2, 2018 Crazy. Wish I had known. Stock made gains today after the news. I'm in at $108 a share. Tidy return. 2 Link to comment Share on other sites More sharing options...
POTUF Posted August 2, 2018 Report Share Posted August 2, 2018 I'm in at $108 a share. Tidy return. My FB stock has had a nice rebound today but HMNY (MoviePass) has taken a dump. I don't get why it's still sliding given their new format but gonna wait it out. 2 Link to comment Share on other sites More sharing options...
I_Take_Roids_m8 Posted August 2, 2018 Report Share Posted August 2, 2018 I guess that's what happens when you make the same junk every year and dont have your hands in other electronics besides computer technology and smart devices. People eat thay chit up like candy yearly. Link to comment Share on other sites More sharing options...
classicboxer Posted August 3, 2018 Report Share Posted August 3, 2018 I guess that's what happens when you make the same junk every year and dont have your hands in other electronics besides computer technology and smart devices. People eat thay chit up like candy yearly. It's not the product, it's the marketing. 1 Link to comment Share on other sites More sharing options...
I_Take_Roids_m8 Posted August 3, 2018 Report Share Posted August 3, 2018 It's not the product, it's the marketing. True. Their marketing is good. 1 Link to comment Share on other sites More sharing options...
NoCakeForYaya Posted August 3, 2018 Report Share Posted August 3, 2018 You can't help but respect it really. They are killing it despite being expensive and having an interior product. Link to comment Share on other sites More sharing options...
TheGreatCatpiss Posted August 4, 2018 Report Share Posted August 4, 2018 (edited) I have employees that arent as well off as me, and they upgrade to the latest phone on every release. Iphone 6 to iphone 7 to iphone 8/x. I usually upgrade every 3 generations, and that just because the software updates slow **** down big time or apps no longer work. There is planned obsolescence in the devices. On top of that, everyone is content paying 30% more each year. 300 goes to 400. 400 goes to 550. Soon enough masses are paying $1000 for a phone. Edited August 4, 2018 by TheGreatCatpiss 1 Link to comment Share on other sites More sharing options...
MoZZez Posted August 4, 2018 Report Share Posted August 4, 2018 I have employees that arent as well off as me, and they upgrade to the latest phone on every release. Iphone 6 to iphone 7 to iphone 8/x. I usually upgrade every 3 generations, and that just because the software updates slow **** down big time or apps no longer work. There is planned obsolescence in the devices. On top of that, everyone is content paying 30% more each year. 300 goes to 400. 400 goes to 550. Soon enough masses are paying $1000 for a phone. That's one thing I dont get. These phones barely change year to year. Mine, I used almost 2 years and had a warranty issue. Sent it in and they sent back a new one. So I have a newer phone, though still an s7. Works fine, I'll use it till it dies or something seriously changes to want me to upgrade. Why spend money on something I already have that is perfectly fine. 1 Link to comment Share on other sites More sharing options...
OmoGOAT Posted August 5, 2018 Report Share Posted August 5, 2018 That's one thing I dont get. These phones barely change year to year. Mine, I used almost 2 years and had a warranty issue. Sent it in and they sent back a new one. So I have a newer phone, though still an s7. Works fine, I'll use it till it dies or something seriously changes to want me to upgrade. Why spend money on something I already have that is perfectly fine. Same here. Ive had the same Galaxy for years and it still works fine aside from the screen flickering once in a while and the battery life not being too great anymore. I see no need to upgrade yet. I actually hate getting a new phone. I have this one set up just the way I want it, I know where everything is, and I'd rather not have to deal with setting up all that stuff again on a new phone for as long as I can. Until theres a real breakthrough or must have new technology with phones I'll just keep my little dinosaur Galaxy 1 Link to comment Share on other sites More sharing options...
I_Take_Roids_m8 Posted August 5, 2018 Report Share Posted August 5, 2018 I'll buy only the newest Samsung Note phones. Love my Note 8 I got last year and will probably upgrade to the Note 9 this year if we see one. I don't keep up with the phone industry. 2 Link to comment Share on other sites More sharing options...
MauroPedrosa Posted August 7, 2018 Report Share Posted August 7, 2018 Being a graphic designer there's no way you can stay away from Apple. My relationship has always been love/hate but the hatred has been intensifying over the years. Their macbook chargers are frail as hell. Thinner than maccaroni and I've bought like 5 of those for 80+ bucks. The same charger has become more expensive throughout the years as well, for some god damn reason. Another thing that bugs me is them removing basically everything from the new macbook. No headphone jack, no USB, no CD driver lmfao. At least I didn't pay for that one. Their airpods being over 150 bucks is also ROFLworthy And we all know about older technology suddenly becoming faulty, once there's a new release. -- The good part is the Adobe software running quite smoothly. Screenflow is also a nice exclusive 1 Link to comment Share on other sites More sharing options...
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