Apple's profit last quarter was 143% of Amazon's lifetime earnings

With a market capitalization of $943.4 billion at the end of last week, Apple is now just a 6% rally away from becoming the world's first $1 trillion public company. Amazon, which many felt would overtake Apple to reach the one trillion mark first, needs to see its shares rally 29% to reach the 13 figure mark. But Apple's shares really popped since the beginning of the month, thanks to two events...
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65 Comments

12. Back_from_beyond

Posts: 1421; Member since: Sep 04, 2015

Apple stock is seriously inflated and hinges on 1 product, the iPhone. It's a very fragile thing, as long as interest remains everything is fine, when it drops and the global market is likely to start shrinking which will affect Apple as well. Types like Warren Buffet know how easy it is to influence the stock price of companies like Apple. His only aim is to rally the price and cash out before the s**t hits the fan and the soapbubble of Apple stock pops. Apple's $1trillion valuation is likely to be a short-lived one.

17. kiko007

Posts: 7493; Member since: Feb 17, 2016

You got any facts to back up what you said? Because posters such as yourself and Finalflash have been posting stuff like this for years now... and have remained inaccurate for what seems like forever.

27. bur60

Posts: 981; Member since: Jul 07, 2014

It's sadly how the financial world works. A single company being number one on a single front is very prone to fluctuations. The reason why Apple's stocks keep rising is because of Apple hype + Apple is doing really well. I'm not an Apple guy but Apple seriously has the most profitable money cow on the world.

54. Finalflash

Posts: 4063; Member since: Jul 23, 2013

It's the same thing with the whole stock market, everyone is up to the sky and the Dow is at 25 000+ after a catastrophic event not 10 years ago. They dumped a trillion into the laps of the rich and, surprise, that money went to investments and stocks and other financial markets. Apple stock is going to a trillion because it was at 900 billion and they just said they'll buy back 100 billion worth. If iFans (and iPA) weren't idiots they'd be able to add those numbers together. If you look at MS, Google, Facebook or Amazon, none of them are manipulating their stocks at all. No weird buybacks, no splits or pretty much anything to do with their stocks. Tim Cooks sole focus is financials and it shows. To judge Apples success from their stock price is complete idiocy. Their products have been getting more and more half assed since Jobs died. A smart speaker that's 2 years late and stupid as hell. A watch that took 3 years to get to a decent usable state. Phones that look, feel, and basically are the same for 4 or 5 years. No real investments in future tech like AI but they throw around the buzzwords like crazy during their cult like presentations. Getting caught harming their own consumers by purposely throttling devices, something that was a dirty secret up to that point. Etc, etc... The whole market is going to crash soon that's just the boom and bust cycle we live in. The worst of that will be felt by Apple because they're a consumer products (actually just iPhone) company only. Under Cook there isn't really a future planned, just a squeezing of the past successes.

4. darkkjedii

Posts: 31055; Member since: Feb 05, 2011

Their investors, product demand, and customer satisfaction rating say otherwise.

22. RevolutionA

Posts: 397; Member since: Sep 30, 2017

Apppplleeeee!!!! Please conquer the world! I don't want any other company to make anything, other than you

30. iushnt

Posts: 3105; Member since: Feb 06, 2013

What?? Heights of fanboism?

55. RevolutionA

Posts: 397; Member since: Sep 30, 2017

What's wrong expecting a secure world, unlike the Chinese insecure stuff.

6. antroid

Posts: 392; Member since: Jan 24, 2018

It will interesting to know for how long they will keep their evaluation. I think every small mistake they would do from now on will have a devastating consequences to thier share holders

8. mootu

Posts: 1520; Member since: Mar 16, 2017

Why is everyone still touting Apple as the first publicly traded $ trillion company. PetroChina hit that mark back in 2007. https://www.theguardian.com/business/2007/nov/06/china Sorry to upset all you Apple addicts.

10. cmdacos

Posts: 4209; Member since: Nov 01, 2016

Facts aren't important in apple articles...

9. lyndon420

Posts: 6790; Member since: Jul 11, 2012

Amazon will come in for the kill. When compared to the competition there's no denying which company is more important...just takes time for certain investors to wake up.

33. cocoy

Posts: 457; Member since: Oct 30, 2015

Amazon will continue to be profitable for a longer period of time if they will continue to innovate and listen to consumers demand.

14. theot14430 unregistered

There has to be a winner. Who’s more deserving than Apple.

15. whatev

Posts: 2267; Member since: Oct 28, 2015

I’m sailing over an ocean of salty delicious tears from haters ;)

16. AngelicusMaximus

Posts: 697; Member since: Dec 20, 2017

It's not 143% more than. It's 143% of. Impressive regardless, but there's a stark difference between those two things.

21. Alan01

Posts: 616; Member since: Mar 21, 2012

You are absolutely correct. Thanks for the heads up, and the edit has been made. Regards, Alan

28. AngelicusMaximus

Posts: 697; Member since: Dec 20, 2017

I appreciate how candid you were about that, Alan. Thank you.

34. Alan01

Posts: 616; Member since: Mar 21, 2012

Thank YOU! I appreciate you pointing that out to me. As you said, it means two different things!!!! Regards, Alan

18. sun0066

Posts: 270; Member since: Feb 12, 2011

Yes apple deserve it ,the same company that had just sells iPhones through att for years ,nor caring about others , the company that just release few features in each os iteration,making the iPhones 5 to feel as same as iphone 8 , that keep the same model and screen every year That the prices are too high and never give something free or an insentive

20. Tipus

Posts: 869; Member since: Sep 30, 2016

Yup, Apple sure knows how to make money :)

24. Trex95

Posts: 2381; Member since: Mar 03, 2013

iPhone still the most selling smart phone around wiether we like it or not.

25. kotan24

Posts: 311; Member since: Oct 29, 2012

That is to be expected of Apple creator of the most iconic piece of consumer product of the 21st century simply the best!

26. cmdacos

Posts: 4209; Member since: Nov 01, 2016

Iconic yes, the best, nope. Good enough, sure!

46. midan

Posts: 2884; Member since: Oct 09, 2017

That happens when you do your own thing instead following others.

50. submarinerz

Posts: 32; Member since: Mar 24, 2016

You guys always knew where to push the button to piss off fanboy

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