“Remember all the talk about Apple racing to be the first company worth $1 trillion?” Matt Krantz reports for USA Today. “Looks like the party will have to wait.”
“Shares of Apple (AAPL) are sinking along with the rest of the market. Apple’s stock is down $1.53 cents, or 1.2%, to $124.72 Friday,” Krantz reports. “But more importantly, shares have dropped $8.88 a share since peaking this year – erasing $51.7 billion in market value in just weeks.”
“That leaves Apple worth $726 billion – which makes it the most valuable in the Standard & Poor’s,” Krantz reports. “Some investors and analysts are still holding out hope for Apple’s $1 trillion dream. FBR on Thursday started covering Apple stock and outlined exactly how the company will still reach the $1 trillion level in market value.”
Read more in the full article here.
MacDailyNews Take: What Steve Jobs hath wrought is just getting started. Watch and see.
Related article:
Second analyst sees Apple worth $1 trillion – April 17, 2015
Idiot! AAPL has been trading within a fairly right range of late. This is often a technical consolidation that may indicate an upward move. Judging by the past rise and the current lull, a move into the low 140’s might be upcoming. This guy has provided absolutely no important information to support his ‘guess’.
Market cap for the past month (3/18-4/17) has ranged from 717.9B to 748.3. As of 4/17 the market cap stands at 726.6 approximately 16B lower than the first day AAPL joined the DJIA.
the problem with AAPL right now is there are too many eyes on it, so every hiccup, burp, and blink creates an overreaction in the market.
better to adjust +- for BUN, and take a longer term approach, spending the time to generate a proper EGG evaluation rather than rely on overly simplistic BACN analyses that should go the way of the bustle.
another alternative modern approach is to consider the HAM level which may rectify a seemingly low level of APPT-T, which in turn can easily increase the chances of gaining a perfect OMLT trajectory. and not just in theory, as was demonstrated in the past.
thus, a fully developed BRP can’t be too far away, which I consider a very good thing, so I disagree with the author.
The farce is strong with this one…
It depends on whether we’re looking at a bearish drowning giraffe candlestick, or a three-point shooting star diarrhea signal.
And it’s so hard to tell because they look so much alike!
Apple moves ~ 1%! Alert the media! What is this jackass smoking?
“That leaves Apple worth $726 billion – which makes it the most valuable in the Standard & Poor’s,” Krantz reports.
“Most valuable in the Standard & Poor’s”? How about most valuable on the planet by a factor of two?
What a complete fscking idiot!!!
Short sighted writer, I’m a long term investor.
“Looks like the party will have to wait.”
Spoken like a true stock flipper.
Apple will get there.
Better headline:
“Dream of ever finding a non-web baiting writer/blogger knowledgable enough about Apple slips away.”
You’ve got to love empty articles designed 100% for click bait. I would say this guy is a moron, but he’s doing exactly what he intends to. Create vapid articles with sensational headlines and content to get page views. It’s sad that it actually works. 🙁
As far as AAPL goes, I’m looking forward to see what it is in a year from now. 🙂
The headline is inaccurate.
1. “slips away” makes it seem like trillion is never within reach.
2. the proper headline should state or infer that the trillion is a bit further away — OR — be another topic all together.
Basically, another hit piece.
We all know the numbers. The question is: rate of increase of revenue and EPS, now and in the coming year or two.
blah blah.
Back to Sideshow Bob.
What’s the rush? A trillion today tomorrow or even in a year from now, is still a trillion.
A week’s softness for Apple’s share price isn’t that big a deal. Apple is about as solid as a company can be. Time for Apple to buy back some more shares thanks to those fools who need to cover their losses for their other poor investment choices.
I’m not greedy for Apple to reach $1T. If it does, fine. If it doesn’t, fine. When I bought most of my Apple stock back in 2004, it never occurred to me Apple would be where it is today. Sure, I think it should be valued a bit better because the company is good enough to be valued as well as its peers in the S&P 500. However, if the economy can’t support Apple reaching $1T, then it can’t be helped. I’ll still be ahead with a good company. I’ll be happy if Apple does reach $140 by the end of the year with increased dividends. Some money is better than none. I think Apple can reasonably hold the level that it’s currently at and that’s nothing to be bitter about.
“Time for Apple to buy back some more shares […]” and as the outstanding share count drops, $1T moves a little farther away.
I’m with you, Macnificent7: long term has already been good to me (as to you), so a $1T market cap might be amusing as trivia, but the long term gradual gains + dividends are making my retirement years a lot more comfortable to set up.
Also, from ken1w (below): “racing to party time” was cute wording. 🙂
If AAPL gets to $120 after demonstrating such strong demand for Apple Watch (a future source of revenue second only to iPhone), it would be a great time to exercise some of that authority to do stock buybacks. I’m sure Apple’s leadership has great confidence right now, and should demonstrate it to investors. I’ll probably do some buying myself if AAPL goes below $120. 🙂
The “$1T” milestone has no actual meaning. It’s not like Apple is “racing” to get there, then having a “party” to celebrate.
If Apple has to depend on Wall Street Welfare to be valued at a $1 Trillion, they will never make it. I’m betting on the Income Dollars, Baby.
Only a daytrader would write a headline like that. If an investor is in for the long term, then instant gratification is not in the vocabulary.
In only eight days, Apple will have a Board of Directors meeting and they will report the earnings for a quarter that was roundly forecast to be a slow down from the torrid pace of the Christmas quarter.
As time passed in this quarter, it became apparent that sales of the iPhone were exceeding the negative expectations of Wall Street. As the cash grows, I would like to suggest that Apple needs to be careful about dangling extraordinary amounts of cash before the eyes of very poorly run governments, both here and around the world. Those governments, including our band of Tea Party idiots, think they need the cash for their spending addictions. A larger than current buy back would take away the “bait” and reduce the risk of tax increases. And a change at Seeking Alpha in the way they compensate “posters” for their usually irrelevant comments would be helpful.
The “Tea Party Idiots” want to educe the size of government, and reduce spending, so how on earth does it follow they would want to raise taxes or take more from corporations?
Instead a Tea Party member would be the one arguing that the corporate tax rate in the U.S. (one of the highest in the world) should be reduced.
It’s typical low information voter ranting.
You don’t seem to know anything about the Tea Party. Sounds like the ranting of another low information MSN watching voter.
A real “Tea Party idiot” wants to eliminate taxes on corporations (which are simply passed along to each of us in the form of higher prices) so that people can see just how much the government is REALLY taking from your pocket.
Because it’s amazing what people will do once they know the truth.
I don’t think this guy knows how the stock market works.
Not going up for a week or so is hardly reason to write it off from reaching a trillion, or indeed ever going higher again. Anyone in their right mind who thinks it can reach a trillion doesn’t think it’s going to happen in the space of a few weeks.
A trillion here, a trillion there, pretty soon you’re talking about real money.
I bought $3300.00 of apple stock in 2001, the stock has gone up and down threw the years. today that $3300 is worth $436,520.00 And the hole time I was told sell it now. I will let you know when to sell. 🙂
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Did anyone expect AAPL to hit a trillion overnight? Were they supposed to increase in value by 33% almost instantly?
I wish I could get paid to write such moronic tripe. AAPL is still in position to hit a Trillion.
“Remember all the talk about Apple racing to be the first company worth $1 trillion? Looks like the party will have to wait.”
I do love the half wits. Yes, Apple racing to be the first company to be worth $1 trillion, followed by…..
oh not mentioned in the article.
I wonder how long a sports caster would last if he gave the results for only one team playing the game.
Apple will get there, will the be the first? Who knows, it’s a good possibility.
This happens EVERY SPRING! I have been selling AAPL every winter and buying every spring for 15 years. It never fails, but the analysts write the same fake stories every year.
This guy is a total moron…..
The stock has fallen some after pre-tax deadline buying frenzy . It doesn’t mean it will not be back up soon… especially after strong pre-orders for the Apple Watch showing that Apple will have yet another strong category on its hands but more importantly yet another reason for consumers to switch to, and stay in, the Apple universe of products.
“Apple will not X because it has never X yet.”
But then Apple does X…
…”Apple will not Y because it has never Y yet.”
Apparently this is some kind of fun game as people have been playing it for decades and losing but they keep playing anyway. And new players keep signing up.
Oh, horseshit. AAPL will continue on up as the stock buybacks and dividends continue and its P/E stays embarrassingly low for a tech behemoth. That doesn’t even factor in the exponential increase in the ecosystem from the Watch. And stand by for WWDC in June. I’m not selling a share.
With Amazon and Netflix currently worth 800 dollars combined, Apple won’t get there.