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[ArtHands]

Apple Briefly Hits $3 Trillion Market Value

Apple rallied 3% Monday, briefly pushing the company's market cap to $3 trillion. It's the first company to ever reach that level.

www.barrons.com

Apple became the first company to worth 3 trillion, after 10 years of people declaring that it is dead

Apple became the first ever public company to reach $3 trillion in market value after the stock rallied 3% Monday.

 

[ParaSeoul]

 

[Cyberpunkd]

The power of user experience and interconnectivity. Cannot imagine going to any other OS on the phone, or computer.

 

[bad guy]

Yay?

 

[Coolwhhip]

https://en.wikipedia.org/wiki/Dutch_East_India_Company enters the chat.

Apple has shown very little innovation in the last years, I wonder where they are in 10 years.

 

[MidGenRefresh]

I’m taking a dump with Apple Watch on my wrist, iPhone in my hand and AirPods in my ears. I’ve done my part, Tim Apple.

 

[Sybrix]

Apple has shown very little innovation in the last years, I wonder where they are in 10 years.

 

[GymWolf]

Tried an iphone once...never fucking again.

 

[SJRB]

https://en.wikipedia.org/wiki/Dutch_East_India_Company enters the chat.

Apple has shown very little innovation in the last years, I wonder where they are in 10 years.

What is innovation these days, anyway? Yet another form factor with a slight variance? A foldable, transparant phone? Holograms?

A lot of Apple's innovation takes place under the hood the last couple of years. The processor, the machine learning integration, camera hard- and software, better and faster performance.

I don't disagree that the iPhone design has become kind of stale over the last few years, but there is still a lot happening year to year.

 

[Ozzy Onya A2Z]

One would think they could move beyond focusing on profit and push to improve the world. 3 trillion dollars, mental.

 

[Coolwhhip]

What is innovation these days, anyway? Yet another form factor with a slight variance? A foldable, transparant phone? Holograms?

A lot of Apple's innovation takes place under the hood the last couple of years. The processor, the machine learning integration, camera hard- and software, better and faster performance.

I don't disagree that the iPhone design has become kind of stale over the last few years, but there is still a lot happening year to year.

Well when Jobs was still around, we got the iPod, iPhone and iPad. Refining those is not bad, but it's not true innovation I think. For example the Apple car was supposed to be a big thing, but they are struggling badly with it and people keep leaving the project. Tesla took their spot in that market.

 

[Cyberpunkd]

Well when Jobs was still around, we got the iPod, iPhone and iPad. Refining those is not bad, but it's not true innovation I think. For example the Apple car was supposed to be a big thing, but they are struggling badly with it and people keep leaving the project. Tesla took their spot in that market.

How would a car even work? They only thing that comes to mind is Apple OS integration, device interconnectivity, high quality, insane price. I mean - do people expect them to come up with some magic EV tech that will power the car? Since Tesla's battery tech is pretty impressive.

 

[Coolwhhip]

How would a car even work? They only thing that comes to mind is Apple OS integration, device interconnectivity, high quality, insane price. I mean - do people expect them to come up with some magic EV tech that will power the car? Since Tesla's battery tech is pretty impressive.

I don't think Apple has a chance in the car market really. There is a video on all the patents they have for it and it just sounds like bloated nonsense.

 

[IDKFA]

Little wonder when a vast majority of their products are made in China.

 

[Cyberpunkd]

Little wonder when a vast majority of their products are made in China.

The US does not possess the required capacity to produce at a scale Apple requires, same thing with microchips. It might change but it will take a long time. Also part of the reason while so much production is not switching from China to cheaper countries in Asia and Africa - you cannot really build a logistic and factory network like you have in China overnight.

 

[V1LÆM]

Good for them and shareholders I guess.

I do like their products but I’m not gonna celebrate a multi trillion dollar company becoming richer.

Steve jobs definitely pick the right person to take over. the job Tim Apple done is amazing and the company shows no sign of slowing down. AR/VR and the Apple Car are likely the next major products from them. Not sure how well the car will do but I think that the headset could potentially be their next major product. Rumors are that Apple want to eventually phase out the iPhone and replace it with the headset.

 

[AV]

No wonder when they can get away with selling a set of 4 wheels for £700.

 

[IDKFA]

The US does not possess the required capacity to produce at a scale Apple requires, same thing with microchips. It might change but it will take a long time. Also part of the reason while so much production is not switching from China to cheaper countries in Asia and Africa - you cannot really build a logistic and factory network like you have in China overnight.

All of this is true.

Apple (and many, many other companies) manufacturer in China because ultimately it's cheaper than manufacturing in their home nations.

I do have some questions about manufacturing in China Vs home nations, but my questions venture into political territory, so not sure if I'm able to ask them or not? I think you can probably guess anyway.

 

[Cyberpunkd]

All of this is true.

Apple (and many, many other companies) manufacturer in China because ultimately it's cheaper than manufacturing in their home nations.

I do have some questions about manufacturing in China Vs home nations, but my questions venture into political territory, so not sure if I'm able to ask them or not? I think you can probably guess anyway.

Cost is one part of it, but I literally meant the infrastructure - roads, trucks, ferries, transport connections, ports, etc. You do not have this anymore in Europe and the US.

 

[Badlucktroll]

Jony Ive should have designed the car.

 

[Punished Miku]

One would think they could move beyond focusing on profit and push to improve the world. 3 trillion dollars, mental.

That's cute.

It's really up to voters to reign in corporations and take back what they need to help society and balance the playing field. They will never, ever, ever give up anything willingly. You'll be in Total Recall paying for oxygen on Mars before that happens.

FYI, they're fine working with China. Every corporation is except women's tennis. They don't care about any individual country.

 

[Hawking Radiation]

Apple can suck my cock.

Overpriced pieces of shit.

 

[Rentahamster]

Marketing works.

 

[eddie4]

 

[ChuckeRearmed]

Good potential for growth too with their AR (or was it VR) devices and cars. Though do they plan to partner with somebody or go full Tesla? I doubt they would buy some company. With this and that if they were to produce the cars themselves they would literally become akin a small country. If they were to build their own city, add some private military they could become a full pledged city-state.

https://en.wikipedia.org/wiki/Dutch_East_India_Company enters the chat.

Apple has shown very little innovation in the last years, I wonder where they are in 10 years.

I mean we essentially coming back to middle ages (on a different tech level though) so it is not surprising lol

 

[IntentionalPun]

Apple became the first company to worth 3 trillion, after 10 years of people declaring that it is dead

Huh? lol

 

[AJUMP23]

Buy some stock.

 

[OmegaSupreme]

Makes me wish I could be like Forrest Gump and had bought shares in the company when they were worth nothing.

 

[SirKicksalot]

My favourite Steve Jobs anecdote:

John next told Steve point blank that the iMac mouse “sucked.” Steve sighed and explained that “iMac was for first-time computer buyers and every study showed that if you put more than one button on the mouse, the users ended up staring at the mouse.” John sat expressionless for 2 seconds, then moved on to another topic without comment.
After the meeting ended, I walked John to the Apple store on campus (this was before there were actual Apple stores) and asked him on the way what he thought of Steve’s response to the mouse comment. John replied, “I wanted to ask him what would happen if you put more than one key on a keyboard. But I didn’t.”

 

[Javthusiast]

While I am a normal windows and android user, because of cheaper prices, I am a total Ipad whore. My most used product in the last 7-8 years at this point.

 

[TheMan]

Pretty amazing. Jobs was an asshole, but the company hasn’t really been innovative in an exciting way since he let cancer eat him.

Their products are well made for sure, but new versions every year just slight improve upon whatever came out the year before. And yet people fall over themselves to buy the same phone with a slight better camera year after year.

 

[IntentionalPun]

My favourite Steve Jobs anecdote:

I mean.. Jobs wasn't really right here lol

 

[jufonuk]

 

[DeepEnigma]

Buy some stock.

Yep, this.

 

[n0razi]

No Apple products here, but def a shareholder

I would like to thank all you FOMO obsessed tech consumers

 

[Avner]

Big tech stocks is where the money has been flowing into. The rest of the S&P 500 has been performing terribly. Lot of companies even below their March 2020 prices.

All the money printing and not much to show for it.

 

[dem]

In 2018 they were the first to hit 1 Trillion...

and in 2022 they have hit 3 Trillion.


Insanity
Largest market cap in the world tripled in less than 4 years.

 

[Azelover]

Overvalued..

 

[slade]

I was with Android for a long while and recently switched to iPhone. All of google's apps that I need, I can use on iPhone. Makes an android phone kind of redundant.

 

[Trogdor1123]

Switched my whole family to apple this season and couldn’t be happier. All iPhones and iPads. They are pretty great.

Not sure this valuation makes sense though in reality. It’s mostly being driven by inflation and low bonds.

 

[V1LÆM]

Makes me wish I could be like Forrest Gump and had bought shares in the company when they were worth nothing.

honestly, i think if you knew what you were doing and bought Apple shares today you could still make a good return in the future. Their stock is only going up and up. For years everyone has been waiting for it to drop but it's just not doing that.

plus this year is meant to be the year that they release their next major product which is the AR/VR headset. That has huge potential to be their next major product. They had the iPod then iPhone and iPad. I'm no expert but the headset could be the next big thing AND apparently Apple even plan to replace the iPhone with it (like how the iPhone replaced iPod) within the next 10 years. If that happens then their stock is only go higher. We know Facebook are working on the "metaverse" and I think Apple will be successful because they have a long history of AR. Facebook has Oculus which is supposedly successful at the moment but they are still quite relatively inexperienced compared to Apple.

i'm no expert and i'm not telling anyone what to do with their money but if i knew what i was doing in the stock market and hadn't already invested in Apple i would be doing it right now. Sure you might not get a big return like you would have if you bought 15-20 years ago but i feel like their are only gonna get more and more valuable over the next 5-10 years. the headset is only one product. They are working on a foldable iPhone (which i don't see doing too well) but the Apple Car (if it ever comes out) could be a hit for them.

 

[NinjaBoiX]

Good for them and shareholders I guess.

I do like their products but I’m not gonna celebrate a multi trillion dollar company becoming richer.

Steve jobs definitely pick the right person to take over. the job Tim Apple done is amazing and the company shows no sign of slowing down. AR/VR and the Apple Car are likely the next major products from them. Not sure how well the car will do but I think that the headset could potentially be their next major product. Rumors are that Apple want to eventually phase out the iPhone and replace it with the headset.

lol

 

[jason10mm]

Apple is gonna buy a major studio soon, right? Sony seems appropriate.

That is just a CRAZY amount of money for one company to control, even if it isn't all in cash. Seems odd to me that there are not constant discussions to break up these monstrous tech companies since they are CLEARLY leveraging value in one area into value in the others.

 

[Blade2.0]

Good for them. It should be the last company to ever get this big. Let's split them the fuck up already.

 

[Buggy Loop]

https://en.wikipedia.org/wiki/Dutch_East_India_Company enters the chat.

Apple has shown very little innovation in the last years, I wonder where they are in 10 years.

Holy shit, they were worth 7.9 trillion dollars in modern dollars

 

[K' Dash]

https://en.wikipedia.org/wiki/Dutch_East_India_Company enters the chat.

Apple has shown very little innovation in the last years, I wonder where they are in 10 years.

their M1 chip is a beast, its the first time I considered and bought a laptop of theirs.

The rest is pretty meh or done better elsewhere.

 

[M1chl]

The power of user experience and interconnectivity. Cannot imagine going to any other OS on the phone, or computer.

SAD
- Type from my M1 MacBook

 

[bitbydeath]

Obligatory

 

[EverydayBeast]

After those big bad microsoft vs apple commercials its a symbolic number to all those apple haters.

I remember the school getting new apple computers.

 

[Droxcy]

Their AR/VR experience i’m interested in. Wish their laptops weren’t so damn expensive otherwise i’d switch from my desktop and laptop combo I already have.