Apple is the First $3 Trillion Company, But Where Will It End the Year?

January 3, 2022

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9:20 pm

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13 comments

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Economics

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KidHorn

2 years ago

This is a repeat of the nasdaq bubble. Y2K goosed tech profits. Every company upgraded their tech. People thought the gravy train would continue forever. And then once Y2K was over and companies stopped upgrading, the bottom fell out. Same thing now with COVID as the driver.

StukiMoi

2 years ago

I seem to remember a bunch of Zimbabwean outfits beating them there. By, at least 90%, the exact same means Apple did.

A much more interesting question, made needlessly difficult to answer by the incessant war on free markets and pricing mechanisms which is necessitated by the redistribution-of-all-wealth-to-rank-retards rackets over the past 50 years; is whether Apple has actually created any net real value. Or if they, too, have simply burned through seedcorn and slave labor output, like most of the racketeers favored by the rulers of financialized dystopias.

Apple very well may have. Their products are nice, and sometimes cutting edge. But, at the same time; since their products are also generally expensive; absent market prices for anything, it’s pretty much just guesswork if there is any real net value add to what they have been doing. Or if their sales, at current prices, only exist as a direct result of The Fed and Junta forcing other people to pay for the stuff that the Apple buying classes have been buying.

All manners of “businesses” appeared viable in similarly governed Soviet Union as well, after all. But in the end, complete and utter suspension of market pricing for anything at all, simply cannot lead anywhere but to misallocation driven ruin.

FlyNavy1

2 years ago

Apple has a market cap bigger than the GDPs of both India and the U.K. Staggering.

Christoball

2 years ago

Reply to FlyNavy1

Apple’s total net sales amounted to approx. 365.82 billion U.S. dollars in their 2021 financial year. Would that number be their GDP if they were a country????

Maximus_Minimus

2 years ago

It’s a crowd stock, i.e. brand name and profitable. Floated on ocean of liquidity, where do formerly conservative funds go in search of returns? Predictably Apple and a few other stocks.

Casual_Observer2020

2 years ago

Valuations can levitate longer than we think. Most of valuations are now just speculative money looking for any return. It is anyone’s guess how long this goes on but Japan had high prices but valuations tipped over while high prices continued. Life became unaffordable for most Japanese people in the 1990s and they lost the next generation of workers due to gaming addiction, clinging to tradition and other events. I do expect at some point, the population growth to slow down dramatically in America. This is what happens to developed nations everywhere around the world as things get more expensive. We have limited natural resources and almost 8B people now despite Covid. One place to look for events that may impact large swaths of people is climate change. It looks like the impact was underestimated for some coastal cities that will be impacted by hurricanes.

link to yahoo.com

Jackula

2 years ago

I dunno but the big financial co’s have a LOT of liquidity stacked at the FED getting miniscule interest. They know something we don’t?

Eddie_T

2 years ago

I’m not even willing to bet a pizza on this one way or the other. I do lean toward expecting it to correct with what I think will be a big rotation to value in stocks. I do so hope Cathie Wood goes broke and has to get out…..just can’t help hating on her. (Please Lord, forgive me.)

But I also love Apple (although I don’t own a share) and wish them success. They have added so much value for so long and it’s a fine company.

I want a new MacBook, just don’t want to hang out in the Apple store to get it. Something about that place scares me.

Casual_Observer2020

2 years ago

Reply to Eddie_T

Just order one online and wait.

Zardoz

2 years ago

If they get their AR goggles right, it could be as big as the iPhone. We already walk around with screens stuck to our faces. The next step is to have our hands free while we do it.

KidHorn

2 years ago

Reply to Zardoz

What was the last successful product they developed? What ever happened to their OLED TVs, electric vehicles, and watches? They just keep re-inventing the same thing with new features. Eventually everything they make will become a low profit commodity. Like what happened to many computer and network companies 20 years ago.

Zardoz

2 years ago

Reply to KidHorn

Do you have any experience with AR/VR?

KidHorn

2 years ago

Reply to Zardoz

Tried it a few times. You need a very high end graphics processor for it to be any good and right now they’re in short supply and cost a fortune.

Apple is the First $3 Trillion Company, But Where Will It End the Year?

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