Apple is now the first $800 billion company, Buffett the smartest guy in the room... again
by Daniel Petrov / May 09, 2017, 1:56 AM
While the shares were briefly down, as investors heard that Apple sold slightly less iPhones than the same quarter last year, the stock quickly rebounded when they figured out that the actual profit was higher, as Apple has a more expensive product mix now. All in all, in afternoon trading AAPL pushed past $153 a share, and was up more than 3 percent for the day, which, for the company the size of Apple, is a pretty impressive feat.
All that is left now is to see if the iPhone 8 will meet all the hefty expectations that are piled up on it by investors and fans alike, and make Apple the first trillion dollar company in history. On a side note, Warren Buffett looks like the smartest guy in the room again, after years of refusing to invest in the "fickle" consumer electronics industry. His $1 billion investment in Apple is up more than 50% in less than a year. No wonder the guy is known as the Oracle from Omaha. He returned the favor by praising the iPhone after Apple's quarterly results were out, saying that "you can't move people by price in the smartphone market" like in home appliances, and that the iPhone is "a very, very, very valuable product to people that build their lives around it."
Posts: 544; Member since: Feb 23, 2012
I think Apple is going to be the first trillion dollar company.
posted on May 09, 2017, 2:01 AM 6
Posts: 83; Member since: Nov 30, 2012
I respectfully disagree. I think Facebook will become the first trillion dollar company as 26% (!) of Earth's population are FB users. And this despite the fact that it is banned in China. I predict that the ban will be lifted soon and then the planet Earth will be planet Facebook.
posted on May 09, 2017, 3:43 AM 0
Posts: 4050; Member since: Jul 23, 2013
Alphabet doesn't have any focus other than information which they are trying to monetize with all sorts of ways. Don't know if they will become anything more for a while, until someone with more focus runs the company. Apple will probably never get to the trillion dollar mark seeing as how they're selling fewer iPhones every quarter. You can only squeeze margins so much before you can't and selling fewer iPhones every quarter than the year before pretty much means they've peaked and will now start sliding faster. Microsoft still don't know where it is going or how to actually make hardware. All products still don't have a single USB C port much less thunderbolt 3. They literally want to be stuck in the past. Facebook is also desperately trying to monetize their users harder and harder which means they're becoming dumber with their attempts. Soon it will become a pain in the ass to their users and if they don't fix up, there will be an exodus. Really, no one is reaching the 1 trillion mark because the next recession will reset most of the hardware focused companies and the software ones will stagnate a bit while the economy recovers.
posted on May 09, 2017, 11:37 AM 0
Posts: 2443; Member since: Mar 23, 2012
I respectfully would like to say Facebook will not last for another 5 years. By the time 2020 there will be various alternative well implemented social media platforms rather than fb. It has peaked at the moment. People tend to reject fb for so many reasons these days including, fake news, privacy issues and other various problems.
posted on May 09, 2017, 6:05 AM 0
I'm going to be honest, I don't think it's wise to try and predict whether or not a company is going to wind up one way or another. You'd be surprised how frequently seemingly obvious scenarios turn out to be completely wrong in the long run.
posted on May 09, 2017, 6:24 AM 2
Posts: 1337; Member since: Oct 05, 2011
Agree- IBM, CISO, MICROSOFT, ORACLE XEROX, KODAK, RIM, NOKIA, FORD, GM, CHRYSLER etc.. all at one time or another had their time and peaked until the next great thing came along and poof they either disappeared or are a shell of the company they use to be. People like buffet get in at the right time and make money and pull out at the right time and make money. This is APPLES time now and Kudos to them- But nothing last forever as history has shown us. Why? ( right now or even a year from now some kids are working in their garage on the next amazing product we will say "How did we ever live without this?"
posted on May 09, 2017, 9:15 AM 0
Posts: 964; Member since: Jan 17, 2014
If you take Apple's market cap and add their cash-on-hand, they already are worth over a trillion dollars. I know, I know... I'm almost a month late to this party, but hey, just sayin'. Apple collects like 90% of all profits in the world of mobile phones, so what does that say? Some of us really hate Apple's guts, and while I am not a fan of Apple (I don't hate them, either), I must acknowledge they've done a swell job. Follow the money, my friends!
posted on Jun 03, 2017, 1:12 PM 0
Posts: 2278; Member since: Aug 06, 2014
I am apple consumer but really hope they get their butt kicked. They piss a lot if people with every release and they get away with it. New macbooks are joke, I keep my money ready for an upgrade for 3 years now and they didn't provide a compelling product. I give them one more year and it's a bye bye I love every bit of my SE though, so much that I bought two of them
posted on May 09, 2017, 2:07 AM 3
Posts: 561; Member since: Sep 11, 2016
Apple Is killing it. Bought an s8+ thinking I could stay away but it still lags. Smh
posted on May 09, 2017, 2:16 AM 4
Posts: 2305; Member since: Sep 11, 2014
Techie is dying!!!!!!
posted on May 09, 2017, 2:38 AM 5
Posts: 14967; Member since: Sep 25, 2013
Over what? Stocks? I don't own Apple stock, so a valuation doesn't matter to me. It's investment money. The stock market is a rich mans lottery. I've had stock before, its totally overrated unless you got lucky and invested into some of the early dotcoms of the past. I blew a chance to invest in Dell, as the stock was offered by my employer at the time. All I had to do was give up $10,000 of my salary and at the time I couldn't do it. But if I had, when Dell bought back those shares after going private, I would have way more money than I could spend in a lifetime. If I had a vested interest I would most certainly care. I don't. I do have money vested in other company's that actually pay yearly dividends, which is something Apple does not do. Something Steve Jobs never wanted to do.
posted on May 09, 2017, 9:06 AM 0
Posts: 2023; Member since: Oct 28, 2015
Apple will be the first trillion dollar company :)
posted on May 09, 2017, 3:29 AM 1
Maybe, maybe not. To be honest, I'm willing to bet the 1st trillion dollar company is going to be the one to figure out how to address our looming issues with energy storage and our transition away from fossil fuels. There is enormous potential there, and I'm not convinced smart phones are going to be around forever. That, and mining objects in space.
posted on May 09, 2017, 5:03 AM 3
Posts: 1337; Member since: Oct 05, 2011
Disagree. The first Trillion dollar company will be the one that figures how to grow Hair and stop hair lost. Lol US Men/Women are a vain lot. Could you imagine that looking good while using our mobile devices. That company will give Apple a run for their money ( pun intended)
posted on May 09, 2017, 9:21 AM 0
I garuntee you that if someone figures out an *affordable* way to do that, it will be popular worldwide. That wouldn't be limited to the U.S. But even still, I wouldn't put that earnings potential up there with space mining & energy. But, fair enough. I can respect that perspective.
posted on May 09, 2017, 12:36 PM 0
Posts: 1280; Member since: Aug 19, 2015
I'll be happy for life with just 0.001% of that.
posted on May 09, 2017, 5:13 AM 0
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