Apple Set To Become First Trillion-Dollar Company

Reuters reports:

Apple Chief Executive Tim Cook quashed concerns recently about muted demand for the iPhone X, saying pre-orders for the 10th anniversary smartphone were “off the charts,” but it might be the company’s market capitalization that needs a bigger graph.

Positive reviews for the new device and expectations that many users are on the verge of upgrading from older iPhones have sent Apple’s stock to record highs, pushing it closer to becoming the first publicly listed company with a stock market value above $1 trillion.

Since the first iPhone in January 2007, Apple’s stock has surged almost 1,300 percent, compared to the S&P 500’s 83-percent increase. Including dividends, Apple’s total return has been about 1,400 percent.

  • Boreal

    Too bad. They can’t even fix their own phone software.

  • Jean-Marc in Canada

    …and yet they can’t seem to pay a living wage for many of their employees….

    • Why do they need wages everything they need is in their home factory.

      http://i.dailymail.co.uk/i/pix/2010/07/05/article-1292011-0004410400000258-107_468x322.jpg
      Here you see workers about to lay new iPhone X’s

    • Buford

      Care to expand on that…? Because I know you’re not dense enough to be referencing the Foxconn contractors who are not employees and who are the same contractors who build effectively every computing device available for sale in the US today (Dell, HP, Apple, Microsoft, etc).

      So help me understand which Apple employees are apparently not earning a living wage.

      • Frostbite

        Even then Apple works hard to make sure suppliers employees are paid fairly according to local wages. But hey, it’s more fun to slam Apple, right?

        • Ron Robertson

          It’s part of the nasty tradition of slamming the successful because they’re successful. Some deserve slamming because they are “successful” by screwing over others to get money/power (see trump). And it’s funny how little is said about google, who has a good reputation, yet they do far more unethical things than apple ever does. I always wonder if they control the narrative via their search engines. Apple continually makes efforts to treat people fairly, and they did a lot to stop the encroachment into our privacy by standing up to the government when they were pushing for a back door into iOS. There is, and always has been a lot of misinformation about apple passed around as fact. Very similar to what was done to Al Gore, in fact. We live in ridiculous times.

          • WitlessProtection

            BUT! BUT! BUT! I READ IT ON THE INTERNETS SO IT MUST BE TRUE. (insert eyeroll here…)

        • Buford

          Exactly. It’s hypocritical in the extreme to use one’s Dell, HP, Microsoft, Motorola, Google, Sony, or Samsung device to post online comments blaming Apple for the harsh conditions at Foxconn facilities.

          Just. So. Stupid.

          • Frostbite

            The haters (of pretty much anything) generally are. Pure blind hatred simply because reasons.

          • Buford

            I’ve always been fascinated by anti-Apple folks. They decry Apple customers as cultish fanboys, but the truth is that there is nothing more cultish in the tech world than hating Apple.

            Think about… how small, bitter, and sad does a person have to be in order to have strong opinions about what other people buy..?! It’s pathological.

      • Jean-Marc in Canada

        I would have been happy to answer, but then you went and made a dig about my intelligence. As such, fuck you.

        • Tom G

          Please answer. Show us what you know.

        • Buford

          Yep… got caught making an uninformed, factually-vacant comment so decided it’s easier to plead victim than to actually defend the comment or apologize for it.

          • WitlessProtection

            Jesus Christ he sounds like a Republican. Should we send his contact info to the LCR?

          • Buford

            There’s hope for him yet… I gave him some good advice on how to be better.

          • Jean-Marc in Canada

            No, just didn’t take your query seriously and treated it accordingly.

          • Buford

            So… you make a unfounded claim without supporting evidence, then act offended and refuse to discuss when an informed person calls you on it. You either need to learn how to engage in online discussion, or you’re gonna need thicker skin.

          • Jean-Marc in Canada

            You go right ahead a believe whatever you want deary.

          • Buford

            Ah… OK. You’re done. Lame.

    • TheManicMechanic

      The nets around the roofs of the Foxxconn buildings have improved employee morale, The signs now say “Congraturations! 62 days since rast emproyee suicide!” /s

  • Jean-Marc in Canada

    O/T Yes, he really is this stupid…

    https://twitter.com/thehill/status/926101893629333504

    • Gustav2

      Holy Crap.

    • Hank

      Yes indeed he is!!! However, we have known this for years!!!!

      • Jean-Marc in Canada

        True, but does he have to continually confirm it? oh wait….

    • IamSmartypants

      Yeah,
      Ricky, but you have to balance that against the exploitation of sex
      workers in areas where fossil fuel extraction is being developed and
      operated, so the net benefit of fossil fucking vs. not fossil fucking is
      probably a wash.

      And before I forget — fuck you you ignorant fossil!

    • KCMC

      WTAF?!

    • TrueWords

      Trump picked Perry for a reason. Outside of Wall Street, Perry is one of the biggest criminals from government policy side. He puts ANY Congressional K Street addict to shame. Any. Contract skimming is his specialty. And he is VERY GOOD AT IT.
      Shell corporation pop-ups are the name of his game.

  • bkmn

    He looks like he needs a tax cut, right?

    • TheManicMechanic

      He’d get two, if he wasn’t a big ol’ fag. Repugs make sure of that.

      • He’ll still get two till they have the camps in place.

    • fastlanestranger

      He looks like he needs a BJ.

  • Tawreos

    It is ridiculous that any company could be worth that much

  • kaydenpat

    And Republicans are gonna give it a huge tax cut today. Oh joy!!

    • Tomcat

      And they will still keep all their tax loopholes.

      • Frostbite

        And they all will still keep their tax loopholes.

        FIFY. It isn’t just Apple who pulls this.

    • Gustav2

      Axios has a summary

      https://www.axios.com/

      • kaydenpat

        Sounds like working class Americans get crumbs from this tax cut. Sigh.

        • jerry

          Worse: It’s being paid for with cuts to every social safety net program, to college grants and loans programs, 1/2 trillion cut to Medicare, and 1 trillion cut to Medicaid. So anything that helps the poor and middle classes is being cut, and this would be the largest transfer of wealth, from the poor to the richest, in history.

          • kaydenpat

            We’re so screwed. These are the jokers who don’t want average Americans to have access to reasonably priced healthcare. Who the hell keeps electing them? Sigh.

          • Moonbeam_Song

            Welcome to the 21st Century Gilded Age.

  • crewman
    • Bad Tom

      Just needs a ‘lil update:
      ONE TRILLION DOLLARS

      Yeah. That has a nice ring to it.

    • Hue-Man

      This can’t be 25 years old, can it? Needs an edit to change M to TR.
      https://www.youtube.com/watch?v=xBH2Q_owBHw

  • Tulle Christensen

    Unpossible, how could they have done this without me ever buying any Apple product ever??????????

    huh!!!!!

    • Tomcat

      I know, I feel so left out.

      • Tomcat

        I did however buy a bag of apples last week.

        • Tulle Christensen

          Well to be fair I did by a Beatles album once many years ago

        • easygoingmister

          Bought 5 Fujis just last night.

        • Apple butter is less of a hassle.

  • Tomcat

    OT: part of the tax plan is to stop making American companies pay ANY American taxes on all goods produced for foreign sales.
    So they can just say everything was produced for foreign sales.

  • TheManicMechanic

    As much as they overprice their products and convince people it’s all worth it, this isn’t surprising.

    Mind you, they do make great products, but for me are far too limited and rely too much on proprietary connections and whatnot that are meant solely to keep people tied up in their ecosystem.

    • Hank

      Sorry, but I have been an Apple Addict, since my first computer in 1996. Way less trouble to maintain my own home office, than anything Windows based. I have a still functioning G5 tower… OS is out of date, but it works. I would rather pay more for “quality”, than have to replace it every 3 years.
      Just wish more business apps would get on board with Apple. BTW, I can use “Neo-Office” with costs $10/year instead of “Office” for hundreds of $$

      • Tulle Christensen

        When the Mac first came out, at lunch time I and a co-worker decided to go see it at a local retailer. On the way a thunderstorm broke out and when we stopped at a stop light I looked up through the sun roof and could see the bottom a of funnel cloud.

        Then the stoplight fell apart, the red lens fell on the right side of the car and the yellow and green on the left. My co-worker refused to grab the yellow and green lens, I did open my door an grabbed the red one. I still have it to this day

        that is when I knew apple products were not meant for me

        • TheManicMechanic

          You are NOT of the Collective!

          • Ron Robertson

            I’m curious what you mean by that. To me, the collective would have to be Windows PC users, since that is the vast majority, no? The collective is also Android OS phone users, since that’s also the majority?

          • TheManicMechanic

            Apple as the collective. They are their own ecosystem. Not because of their size, but their exclusivity.

        • Tom G

          I see the connection.

      • TheManicMechanic

        And I simply counter with the argument that I am still running some PCs that are ten years old which have never failed or given me any problems in that time. I was able to upgrade some components on the cheap and update the OS, and have PCs that will still be working competitively for at least another five years for what they are used for, if not more. Since Apple is a maker of hardware as well as software, it’s in their best interests to make “obsolete” their older gear by not allowing any major OS upgrades. Yes, the machines still work, but are completely left behind when application software will not run on older OSes. Microsoft, except for their Surface line, don’t have an investment in a majority of computer hardware, so it’s in their best interest that people be able to make upgrades, within reason. If done right, you have a longer usable lifetime for your hardware investments. If you buy cheap consumer grade PCs, you get what you pay for. At least Apple is more “premium” in their hardware than average. I’d put Macs in the class of business class PCs, where the components quality is meant to take a beating, so to speak.

        Anyone complaining about the price of office productivity software ignores the free versions like Open Office, Libre Office and the like that are available on lots of platforms.

        Lastly, I like building my own systems to my specs. The last one was a home theater PC that works as a high end gaming computer yet sips power when doing typical HTPC tasks and is practically inaudible. It also can outperform a new Mac Pro,, and it’s been futureproofed by having things like USB3.1/C, Thunderbolt 3 and other fast connectivity. If something new comes up, there are slots there to add to the machine. I can extend the useful life of a PC beyond what the typical Mac can be until it’s left too far behind. But I’m a geek in that way, and like to be more in control of my own purchased hardware, not be actually locked out of it by proprietary bolts and other means.

        • Hank

          I think what you create and build for yourself is GREAT! However, as a professional, who maintains his own home office, with NO IT backup, Apple has stood well by me from the beginning. I have upgraded RAM and Has for years, because they were easy to do on Macs. Also, their on the phone tech support is great. The most “foreign” supporter, that I had to speak with was Canadian… not Indian.
          I just had to help a friend set up his home office, after he closed down his rented one. Saw Windows 10 for the first time, and could not find anything on it. Not even a search function. Far from intuitive. (My friend used to work on Wall Street and always had an IT Dept. to back him up. Now, I have become his “pseudo-IT dept”.)
          You are much more of a “geek”, than I am or ever will be, and I congratulate you. For the rest of us, however….

          • Ron Robertson

            I started off being a windows fan, but one day at Fry’s in California they had a sale on a Mac with pretty good specs, so I bought it. I networked my windows machine and the mac so I could share files, etc. Eventually, I noticed that when I used the Mac I just did work, I didn’t have to spend so much time maintaining the OS, etc. Then it occurred to me that’s why I bought a computer in the first place, for the computer to do the work, not me. I’m not always happy with what Apple does, but I AM happy I don’t have to use windows all the time. I still have to for a few things, but not that much, and every year it gets to be less and less I have to do with windows.

          • Hank

            You hit the nail right on the head. A GOOD working computer, with a stable OS will allow YOU to do the work and not worry about how to “maintain” the computer. If something goes wrong, just re-boot and you are back to work, generally.
            As a consultant, I had to use the computers were I was working, Windows based, all the time, but just a couple of apps. The frequency of problems was inordinate and got in the way of MY work.

          • TheManicMechanic

            I actually recommend Apple products for people who are not tech savvy. Apple has the best methods in place for making backups and the like right out of the box. It’s also harder for people who are careless to mess up things in the OS, or pick up viruses. Often people need to have at home whatever they have at work, and they default to Windows. Not always bad, but don’t expect a 250 dollar PC to be built to the level of the average Mac.

          • Ron Robertson

            There are also a lot of people that are tech-savvy who prefer macs. If I had the desire, I could build a computer myself. I’ve been working with computers for over 40 years, and started programming when I was 15. But at some point there are diminishing returns with fooling with the hardware. I’ll do things like update my older Mac to SSD drives, better graphics, putting in a newer bluetooth/wi-fi card, etc. But buying CPUs, mother boards, etc., and putting an entire computer together is no longer of interest to me. And, I do appreciate the fact that Macs can run both Mac OS and Windows (and other OS’s) all at the same time. That has come in handy.

          • TheManicMechanic

            I’ve tinkered with making “Hackintoshes” before, but inevitably the upgrade to another OS is broken. Apple refuses to let their OS run on other hardware. For me, it’s fun building and upgrading the hardware.

    • WitlessProtection

      Trying to sway an Apple guy to a PC or vice versa is like getting a Southern Republican to vote for a Democrat.

      • TheManicMechanic

        I’m well aware of that. I don’t try to away anyone unless they ask for recommendations, and depending on their needs, I recommend either platform accordingly.

  • Dagoril

    Somebody tell Drumpf. He should get a chance to see what a successful business looks like.

    • Tawreos

      Don’t let him near it though.

  • greenmanTN
  • Paula

    Coming soon: I pledge allegiance to the United States of Apple.

    • greenmanTN

      At this point it might be an improvement.

    • Frostbite

      At least they’re bonified billionaires.. Unlike the Turnip.

  • Boreal

    OT:
    Ben Carson’s grain storage compartment found in Great Pyramid.

    https://www.nbcnews.com/news/world/scientists-discover-hidden-structure-egypt-s-great-pyramid-n816821

    • greenmanTN

      This could be the first episode of a rebooted “In Search Of” TV series. The 2nd episode could be In Search Of Ben Carson’s brain.

      • Boreal

        Episode 3: Compassionate Conservatism

        • greenmanTN

          There was a good parody (SNL?) of that series, an episode called “In Search Of… Leonard Nimoy’s keys.” It reenacted Leonard’s day, trying to explain the mysterious disappearance of his house and car keys. 😁

        • RobynWatts

          Episode 4: Trickle-down Economics Really Work!

    • DreadPikathulhu

      Fascinating. More than likely it’s something having to do with building the pyramid and distributing the load over the chamber below, but archaeologists and scientists will spend years trying to figure out how to get a camera inside.

  • TheGrandWazoo2

    In hundred dollar bills.
    https://i.imgur.com/JmiUoYV.gif

  • DreadPikathulhu

    I’ve been an Apple fan since 1984, but that one company can control such vast wealth is troubling.

    • Hank

      At its peak and adjusting for inflation, I wonder what Windows was worth?? Gates did not retire and become the philanthropist, that he is today on nothing.

    • Chris Baker

      It doesn’t mean that Apple has $1T in the bank, it’s just that all the stocks issued are worth that much. So it’s not even really Apple’s money, because the stock have been sold to shareholders already.

      “Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company’s outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding.”

      http://www.investopedia.com/articles/basics/03/031703.asp

  • TrueWords
  • TrueWords
    • Bj Lincoln

      Don’t forget the dumbasses who spend why too much on a phone that still does less than my android. They are part of the reason the new phone costs a grand, because they will pay for it . No wonder it’s a trillion dollar company.

      • Ron Robertson

        Only the iPhone X costs a grand. The other new phones are considerably less. Other than that, this whole argument about whose phone brand is better, or whose OS is better is a tiresome and silly waste of time. I’m not knocking your choice of using Android. Nonetheless, I am happy with my Apple products have no interest in switching back to other brands, been there, won’t do it again.

  • Ragnar Lothbrok

    Not a single penny from me 🙂

    • sdnative1958

      That’s OK, I’ve more than made up for that since the ’80’s. : )

  • JWC

    And if you are all bunged up with religion it was the bite of the apple

  • Ross

    I have a Mac, iPhone, and iPad.

    And I am happy.

    • Michael White

      I know, me too, but $1000 for a PHONE?

      • Ron Robertson

        They have other phones that are less. I think the value of something is somewhat dependent upon how much and how you will use it. I don’t begrudge anyone getting the iPhone X, I probably will not be getting one as I’m happy with my current phone so far. But down the road, I’ll probably get one of the later iterations. I do use my iPhone for many tasks, and it’s been a big help in some tricky technical situations, so I feel I got my money’s worth.

  • Captain Jack

    Nice.. I remember in the early to mid 90’s their was talk of them going out of business.. so glad I bought stock back then ..:))

  • BeaverTales

    I own dozens of Apple products, but am not happy with the direction they’re taking lately. I’m not loyal enough to spend thousands a year on them if they keep becoming endlessly complicated with features I’ll never use.

    • Ben in Oakland

      The latest OS for my ipad did not make my life better.

  • Jeffg166

    One regrets in life and there aren’t many was not buying Apple stock in the 80’s when they looked like the might fold. It was $9.75 a share.

  • 1980Gardener

    if only I bought their stock sooner. however, still happy with the gainz.

  • Ben in Oakland

    The first trillion dollar company? A dollar now is worth roughly half of what it was worth 20 years ago.
    In 1931 in Germany, you could buy a postage stamp for 5 million marks.

  • Kevin Andrews
    • leastyebejudged

      Unmitigated Bullshit.

      • You’re half-right; in that scene Picard was covering for his base animal loathing of the Borg. Nevertheless the sentiment resonates, and is something our civilisation should aspire towards.

  • leastyebejudged

    I love all the groveling “oh if i’d only bought stock”, you toadies deserve the just reward of disgusting corporate buttlickers.

    You should be the first to be drawn and quartered in the streets.