Archived Apple is the first trillion dollar US company (news.alphastreet.com)
submitted ago by jammybritton27
Posted by: jammybritton27
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Archived on: 11/1/2018 10:00:00 AM
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Archived Apple is the first trillion dollar US company (news.alphastreet.com)
submitted ago by jammybritton27
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[–] viperguy 1 point 0 points 1 point (+1|-1) ago (edited ago)
The Market has Spoken, Hurray for Capitalism!
When you engineer products people WANT to use, not merely tolerate, you too can make a company with a market cap of over a trillion dollars.
Even poor people want to, and do, own Apple products.
Smart people (Lawyers, Physicians, Scientists, Fortune 500 CEOs) desire Apple products, as well as teens and low IQ 3rd world savages. Anecdotes decrying this absolute fact show desperation and misinformation.
Macintosh "just works", iPhone "just works" is the mantra.
Haters of Apple are typically irrational anal retentive (on psych tests) autistic spectrum affected dweebs that think command-lines and desktop linux and constant forking of unsupported Android branches are all "tolerable".
Every phone tries hard to copy Apples "trade dress" and "looks" but such fake ipads and fake iphones (all android) are usually reviled by the masses.
Apple's profit per phone as a percent is over 20 times higher than any other company, and their volume of scale ensures it.
All I see on forums with a high autist population of commandline windows and linux loving apple bashers, is irrational and economically unsound fools.
Disclosure : I and many of my relatives and friends are not only "long apple" at this low P/E ratio, over 20 people I know made over $200,000 betting on apple stock, and two over 500,000 on apple stock.