Apple becomes the first $1T company • Hacker News Board

Re: Apple becomes the first $1T company

#81

Post by chatmasta » Thu, Aug 02, 2018, 4:42 PM UTC

jlv2 wrote: post #72

paulpauper wrote: post #43

Everyone talks about Apple as the best possible investment, but an investment in XEM or XRP (Nem or Ripple or Stellar Lumens) in early 2017 surpassed all of Apple in its 30 year history. My money is on Google, Facebook or Amazon eventually surpassing Apple though

> but an investment in XEM or XRP (Nem or Ripple or Stellar Lumens) None of those is an investment in something with inherent worth. Hence, I'd not call them an investment, but pure speculation.

The worth of a share is what someone will pay you for it.

Re: Apple becomes the first $1T company

#82

Post by dfee » Thu, Aug 02, 2018, 4:43 PM UTC

drexlspivey wrote: post #76

pliny wrote: post #56

>“Apple’s $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018,” said David Kass, professor of finance at the University of Maryland. “That puts this company in perspective.” The comparison would be Apple net income (~$50B) vs. GDP, not market cap (which has units of USD) vs. GDP (which has units of USD per year).

GDP is more like a country's Turnover than Net Profit

I think the analogy holds, unless your bank account reflects your payroll for the year (no costs).

Re: Apple becomes the first $1T company

#83

Post by pseudonym2 » Thu, Aug 02, 2018, 4:43 PM UTC

This will be very controversial, especially in HN, but market cap doesn't mean shit.

Apple has roughly $50B in revenue and $120B in equity. Most of it's products could be replaced in less than 5 years by a competitor. Market cap is a measure of public trust among other things but not actual worth or value to society.

Re: Apple becomes the first $1T company

#84

Post by drexlspivey » Thu, Aug 02, 2018, 4:43 PM UTC

ben174 wrote: post #57

paulpauper wrote: post #48

Earlier quoted context omitted.

doesn't mean he held them though

This is what I tell everyone when they kick themselves for not buying BTC when it was $0.25. You would have sold them the second they hit $1.00. The only people I know who got rich off BTC are those who found an old wallet on an old drive in their garage.

Relevant tweet: https://twitter.com/gregschoen/status/70261648811761665?lang...

"I wish I had kept my 1,700 BTC @ $0.06 instead of selling them at $0.30, now that they're $8.00!"

Re: Apple becomes the first $1T company

#85

Post by zeusk » Thu, Aug 02, 2018, 4:43 PM UTC

rayiner wrote: post #54

Good for it. Becoming a trillion dollar company selling quality products people love. Not data mining everything about your life and using it for advertising (Google), ruthlessly destroying competition (Microsoft), or destroying the environment (Exxon). How old fashioned.

Exploiting 3rd world labor and selling overpriced crap to the rich of the world. How old fashioned.

Re: Apple becomes the first $1T company

#86

Post by onion2k » Thu, Aug 02, 2018, 4:43 PM UTC

tschellenbach wrote: post #75

rayiner wrote: post #54

Good for it. Becoming a trillion dollar company selling quality products people love. Not data mining everything about your life and using it for advertising (Google), ruthlessly destroying competition (Microsoft), or destroying the environment (Exxon). How old fashioned.

On the other hand. I think Google creates way more value for the world, they are just not as good as Apple at capturing that value. Android, Maps, Docs, Gmail, Navigation, Analytics are all (mostly) free.

They're not free. They just don't cost money. Arguably they're very expensive.

Re: Apple becomes the first $1T company

#87

Post by rayiner » Thu, Aug 02, 2018, 4:43 PM UTC

pliny wrote: post #56

>“Apple’s $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018,” said David Kass, professor of finance at the University of Maryland. “That puts this company in perspective.” The comparison would be Apple net income (~$50B) vs. GDP, not market cap (which has units of USD) vs. GDP (which has units of USD per year).

Or, the net present value of the US economy plus assets, which is probably pushing a quadrillion dollars.

Re: Apple becomes the first $1T company

#88

Post by deelowe » Thu, Aug 02, 2018, 4:44 PM UTC

arethuza wrote: post #63

Jtsummers wrote: post #47

Earlier quoted context omitted.

NT has a lot of VMS roots.

Probably a coincidence, but a lot of noticed that "WNT" is one letter on from "VMS". Mind you, HAL is one letter behind IBM.

Some claim the HAL/IBM connection was intentional (though Stanley denies it).

Re: Apple becomes the first $1T company

#89

Post by privacypoller » Thu, Aug 02, 2018, 4:44 PM UTC

rayiner wrote: post #54

Good for it. Becoming a trillion dollar company selling quality products people love. Not data mining everything about your life and using it for advertising (Google), ruthlessly destroying competition (Microsoft), or destroying the environment (Exxon). How old fashioned.

selling luxury consumer goods that at best are "nice to have" - you need to look deeper than "oil = bad" if you truly want to assess the impact of a company. It just seems you're more concerned with 1984 than with brave new world

Re: Apple becomes the first $1T company

#90

Post by crazygringo » Thu, Aug 02, 2018, 4:45 PM UTC

pliny wrote: post #56

>“Apple’s $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018,” said David Kass, professor of finance at the University of Maryland. “That puts this company in perspective.” The comparison would be Apple net income (~$50B) vs. GDP, not market cap (which has units of USD) vs. GDP (which has units of USD per year).

Yeah, that was a real howler. I really hope he was somehow misquoted, because the comparison literally does the opposite of put something in perspective.