“The average American worker earns about $850 a week,” Shawn Langlois reports for MarketWatch. “Tim Cook, who reaped a reported windfall of $145 million in 2016, makes that much in just a few minutes, while it takes the company he runs, Apple, less than one second.”
“Comparing mom and pop to the iPhone juggernaut might make for catchy stats, but it’s a bit, well, apples to oranges, of course,” Langlois reports. “So how about some perspective on how much Apple pockets relative to other Fortune 500 giants?”
“Banking giant JPMorgan Chase is second at $782.14 per second, trailing Apple [$1,444.76] by a wide margin but ahead of Warren Buffett’s Berkshire Hathaway and Wells Fargo,” Langlois reports. “Alphabet is the only other tech firm in the top five, bringing in $615.96 per second.”
Read more in the full article here.
MacDailyNews Take: Steve Jobs built and set into motion the biggest money-making machine the world has ever seen!
Would there not be less risk with Warren? His eggs are not all in one basket.
“not all in one basket”? How many Warren’s are there?
Steve had the vision, charisma and drive to set Apple on its present course.
But make no mistake……. it is/was Tim that turned the company into this monster money printing machine!
Bubble.
Bubble….. Like your head. Nothing but hot (misinformed) air.
AAPL owner and accumulating since 1991. Note: iWorked for Apple Computer Inc. in the 90’s.
You haven’t a clue Jr.
But but but analysts downgrades Apple to a sales now, what do you say about that?. Or simply manipulation?.
Unfortunately, Apple comes in quite a distance behind any of the FANG stocks in terms of Wall Street’s measure of value and respect. You’re not going to hear any negative talk about the FANG stocks no matter how much their share prices go up in a year. It’s always Apple that has run out of steam. Why is that? I think Tim Cook is doing an OK job of running the company, but Wall Street never thinks that’s good enough. Is services revenue already baked in for Apple? I thought services growth was supposed to carry Apple through to 2020. What makes all of the FANG stocks that much better than Apple?
Predictability. Procter & Gamble, General Foods and other commodity firms have higher mutipes because their revenue/earnings growth is highly predictable.
That’s a weakness in WS’s favored valuation metrics.
AAPL hits an all time high and the next day we see a downgrade from a securities firm. I wonder if this firm is short a big bundle of Apple calls?
At some point and time iPhone sells will slow down or prices will have to come down. Apple will new another cash cow. Hopefully they will have one. Where as Mr. Buffet will make money from many diverse sources. JP will just steal it as usual taking what they want when they want it.