Apple leads race to become world’s first trillion-dollar company

“The race is on to become the world’s first trillion-dollar company, with all eyes fixed on tech giants such as Apple, Amazon, Facebook and Alphabet,” Rupert Neate reports for The Guardian. “Financial commentators and investors predict 2018 will herald the first firm with a stock market valuation of $1tn (£738bn) or more, if technology share prices continue to rise as strongly as in 2017.”

“Apple is leading the way, with a market valuation of $869bn on Tuesday,” Neate reports. “The Californian firm that transformed mobile communications, music and photography with the iPhone is $140bn ahead of Alphabet, which has a market value of $729bn.”

“Barron’s, the US investment magazine, declared on its cover last week that Apple would hit the $1tn valuation this year and that ‘we don’t think the peak [of Apple’s rise] is near,'” Neate reports. “Apple earned revenue of $229bn in its latest financial year, and made profits of $48bn – roughly as much as Microsoft and JP Morgan combined.”

Read more in the full article here.

MacDailyNews Take: $1 trillion? Pfft. We see much, much more than that in Apple’s future!

The next ten years are going to be absolutely amazing for Apple. The company has just started to really get going!MacDailyNews, August 2, 2017

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  1. Yes, at this point Apple leads the race. Apple has good profits and a mountain of reserve cash. However, look at Apple’s P/E compared to any of the FANG stocks and Microsoft. From the news media I’ve read, it’s claimed Amazon, Alphabet and Microsoft have easily as much chance of reaching a $1T market cap as Apple. Look at Microsoft’s P/E of 29. If Apple had a P/E that high it would have already been at $1T. All of the FANG stocks are being valued much higher than Apple is. What’s really disappointing is that while the FANG stocks and Microsoft are being said to have plenty of room to rise, Apple is already said to be hitting its high point in market cap and ready for another pullback due to missed iPhone sales expectations. Apple has to be singled out as the black sheep of the tech rally.

    Only Apple’s holiday quarter is in doubt while there is nothing but high praise for all those other stocks’ quarterly earnings. Apple’s repatriated reserve cash doesn’t even factor in as a boost for Apple’s value.

    I realize that news reports don’t have to mean anything but I do believe some faction is trying to devalue Apple or there really is some value problem with Apple. Why is there always a cloud of doubt surrounding Apple? Is it because of Tim Cook or simply because of Apple’s business model of profits before market share percentage?

    I’m a satisfied long-term Apple shareholder and I won’t be giving up any of my Apple shares because I like those dividends, but it’s always annoying to hear the top company on Wall Street constantly being bad-mouthed as a has-been company with no growth potential left.

    Honestly, Facebook is in a race with Apple to $1T. Hearing that said should be a huge insult to any Apple shareholder. No Wall Street companies have ever hit $1T and now suddenly a half-dozen companies are going to do it and some judge Apple as barely having any advantage.

    1. To those who seriously want stocks that pay hips of divvy should consider IBM, IEP, HCP, F just to name a few. Instead of forever being so pessimistic about Apple. You know who you are.

    2. While I understand repatriation is important, in its basic form it is simply moving money from one bank account to another in the same company. As such though it may have some effect on the stock I find it hard to believe that it would be as big a deal as it is made out to be as a contribution to the path to being a $1T company.

  2. I too am a 30 year Apple enthusiast. But lately, some things Apple does began bothering me. I trillion dollars? Oh, wow! When you consider the fact that Apple today is a phone company, producing lowly smartphones which is taking more than 50% of their gross sales, yet talking about 1 trillion dlrs, leaving behind giants like GE, Esso and GM etc, something might be wrong. That something must be the overpricing (i.e., gouging?) of everything they make, planned obsolescence or soldered RAM nonetheless. Well, at least Apple has been successful in creating the image that they are consisting of the high end fashionistas. It was not like this during the Jobs’ era. Those days, Apple was first and foremost the company who has been constantly thinking how to please consumers by gift of superb, often surprising, products. Cook is just harvesting the seeds planted those days, but boy, is he producing good profits!

  3. Steve Jobs walked on stage and announced new original exciting innovative products.

    Cook doesn’t.

    Why not also go for profits AND market share.

    Apples no longer favored in schools or for education. Who is? Chromebooks.

    I’ve never even seen a Google sales person but sure as shit they must be out there. That’s why they have the p/e they do. The vibe that Google is innovating rather than “we’ll see” Apple.

    Fingers crossed. Seems the press doubled down on the battery story because it was a low blow to customers and was done on purpose.

    As a shareholder I hate saying that.

    We’ll see.

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