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

Re: Apple becomes the first $1T company

#71

Post by Naga » Thu, Aug 02, 2018, 4:38 PM UTC

forkLding wrote: post #32

HaHa31 wrote: post #18

No. It is the first PUBLICALY TRADED company on the US STOCK MARKET to be valued at $1T. There have been many companies that have broken that point in inflation-adjusted and NON-inflation-adjusted valuations. Three big ones are the Dutch East India company, the most valuable company in history, Standard Oil, the most valuable US company ever, and Saudi Aramco, the current, most valuable company. I've seen to many art…

I'd say more interesting is the Dutch East India company sort of portrays what life would be like if companies became their own govts.

I'm not as familiar with the VOC as maybe I should be, but the British East India Company actually was the government of India from 1757 to 1858, when the British state took over. Until 1858, the territory of the EIC was administered by a Board of Directors who were responsible to shareholders, not to Parliament.

Re: Apple becomes the first $1T company

#72

Post by jlv2 » Thu, Aug 02, 2018, 4:38 PM UTC

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.

Re: Apple becomes the first $1T company

#73

Post by Analemma_ » Thu, Aug 02, 2018, 4:39 PM UTC

mikekij wrote: post #25

"A $600 phone?! Who's going to buy a $600 phone?!" -Steve Balmer

“No wireless. Less space than a Nomad. Lame.”

Re: Apple becomes the first $1T company

#74

Post by JumpCrisscross » Thu, Aug 02, 2018, 4:39 PM UTC

maxshmax wrote: post #68

It's worth noting that this is the first U.S. company to hit $1 trillion, not in the world. Also, it's still intraday, so Apple has not technically reached that point yet.

> this is the first U.S. company to hit $1 trillion

What's the other one?

Re: Apple becomes the first $1T company

#75

Post by tschellenbach » Thu, Aug 02, 2018, 4:39 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.

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.

Re: Apple becomes the first $1T company

#76

Post by drexlspivey » Thu, Aug 02, 2018, 4:40 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).

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

Re: Apple becomes the first $1T company

#77

Post by Kiro » Thu, Aug 02, 2018, 4:41 PM UTC

maxshmax wrote: post #68

It's worth noting that this is the first U.S. company to hit $1 trillion, not in the world. Also, it's still intraday, so Apple has not technically reached that point yet.

What? No, Apple is the first in the world.

Re: Apple becomes the first $1T company

#78

Post by chatmasta » Thu, Aug 02, 2018, 4:41 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.

We can still complain about their walled-garden approach to software distribution, particularly the extortionist 30% fee and handicapping of non-native apps. Or their kowtowing to the Chinese censors.

Re: Apple becomes the first $1T company

#79

Post by [deleted] » Thu, Aug 02, 2018, 4:41 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.

[deleted]

Re: Apple becomes the first $1T company

#80

Post by gervase » Thu, Aug 02, 2018, 4:41 PM UTC

meritt wrote: post #55

GlenTheMachine wrote: post #35

I went to grad school with a guy who, the day Apple stock hit $14 a share, decided to spend $500 of his grad student stipend to buy some. He figured Apple's cash on hand was worth more than $14 a share. I thought he was nuts. I was an idiot.

When was that? The stock has split 4 times so a bit hard to calculate his return

The earliest point at which AAPL reached $14 (roughly $3.57 in post-split shares) was Nov. 1999. If they'd purchased 36 (500/14) shares, they would now have 1008 shares, worth roughly $200K.

So, absolute best case and assuming they held until the all-time high, roughly a 400x return. There would be another ~$30K in dividends, assuming no dividend reinvestment.