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Apple Becomes the First $1 Trillion US Company in History (reuters.com)
Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. Reuters: The tech company's stock jumped 2.8 percent, bringing its gain to about 9 percent since Tuesday when it reported June-quarter results above expectations and said it bought back $20 billion of its own shares. "Apple's $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018," David Kass, professor of finance at the University of Maryland, told The Washington Post. "That puts this company in perspective." The company's fortunes were turbocharged by the launch of personal gadgets such as the iPod in 2001 and the iPhone in 2007. Since then 18 different iPhones have been launched and more than 1.2 billion of the devices have been sold.
Brad Stone, writing for Bloomberg: As critics enjoy pointing out, the company under Cook has failed to come up with another iPhone-type hit. But that's like saying da Vinci never came up with another Mona Lisa-type painting. The release of the iPhone is up there with the founding of Standard Oil as one of the greatest business moves of all time. And while the iPhone has altered daily life so much that no one remembers life before it, Apple has also persuaded customers to embrace other inventions they never knew they wanted, such as connected watches that buzz and beep (to cure the distraction of the phone, Apple says) and wireless dongles that hang ridiculously from their ears.
Apple isn't alone on this mountaintop. Amazon.com, Alphabet, and Microsoft are likely at some point to pinwheel across the $1 trillion finish line, too, and they're almost as good as Apple at manufacturing customer desire. No one told Amazon they needed a speaker they could talk to, or Google a self-driving car, or Microsoft a ... OK, it's been a while since Microsoft has driven civilians wild with desire.
Brad Stone, writing for Bloomberg: As critics enjoy pointing out, the company under Cook has failed to come up with another iPhone-type hit. But that's like saying da Vinci never came up with another Mona Lisa-type painting. The release of the iPhone is up there with the founding of Standard Oil as one of the greatest business moves of all time. And while the iPhone has altered daily life so much that no one remembers life before it, Apple has also persuaded customers to embrace other inventions they never knew they wanted, such as connected watches that buzz and beep (to cure the distraction of the phone, Apple says) and wireless dongles that hang ridiculously from their ears.
Apple isn't alone on this mountaintop. Amazon.com, Alphabet, and Microsoft are likely at some point to pinwheel across the $1 trillion finish line, too, and they're almost as good as Apple at manufacturing customer desire. No one told Amazon they needed a speaker they could talk to, or Google a self-driving car, or Microsoft a ... OK, it's been a while since Microsoft has driven civilians wild with desire.
...Everyone knows Apple is going out of business (71 predictions of Apple's demise)
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
Pretty amazing accomplishment!
Maybe this will quiet the anti-Cook faction.
Oh, nevermind; who am I kidding?
From the MacRumors article (emphasis mine):
Apple has officially become the world's only trillion dollar publicly traded company, in terms of market capitalization, which is simply the company's number of outstanding shares multiplied by its stock price. [...] As with most milestones of this nature, however, Apple reaching exactly a trillion dollar market cap doesn't have too much significance, beyond the vanity of it.
Pretty much sums it up.
That predominantly services the upper class is the most valuable company in history. There's something not right there. It's just not sustainable...
Perhaps what it "not right" is your initial premise.
It's amazing what years of tax evasion can do for a company.
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
When Steve Jobs returned to Apple in 1997, Michael Dell famously trashed the company with a killer quote. When asked what he'd do with Apple if he were in Jobs' shoes, Dell said:
"What would I do? I'd shut it down and give the money back to the shareholders."
One could imagine
While impressive, there have been far more valuable companies in history - the Dutch east india company (VOC, the first publicly traded company in the world) had an inflation-adjusted market cap of over 7 trillion at its height.
But that's like saying da Vinci never came up with another Mona Lisa-type painting. The release of the iPhone is up there with the founding of Standard Oil as one of the greatest business moves of all time.
Give. Me. A Fucking. Break. You. Hack.
And while the iPhone has altered daily life so much that no one remembers life before it
Just because you were still in diapers when the first iPhone launched, doesn't mean the rest of us don't remember a time before it.
Trashcan mac is a nightmare to expand or service.
Apple doesn't have parts for the iMac pro
New Macbook pro has soldered storage, so it's a service nightmare again
Apple has no idea what "pro" means
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
It has now been definitively proven that Apple understands technology better than all the Apple-critics on Slashdot (and around the world).
Actually, it proves that Apple understand stock market valuations and the processes that drive them better than anyone else.
I'd say that Apple understands marketing and consumers better, not technology. Slashdot is still very much a pro-technology website and is only on the losing side of the decline toward dumbed-down walled-garden computing in consumer electronics.
"When information is power, privacy is freedom" - Jah-Wren Ryel