Bill Gates could buy Elon 5 times over, and still have enough money left to crack the the top 50 wealthiest people in the US. And much of the wealth of Musk is in Tesla shares - shares that would be worthless if the company cannot deliver cars (and would take a big hit if he started liquidating large numbers of the shares to try to finance Tesla himself).
And all that capex spending got them a facility that can build a few thousand cars a month. Now they need to scale that up by an order of magnitude - meaning even more capex spending.
There's never been a company, period, with the margins Apple has.
Yes there has. If you want to move the goalposts because I showed the error of your post, go ahead - but the fact doesn't change. Apple's margins have been readily eclipsed in the tech sector. Even Intel crushes Apple and Intel is probably the most hardware-centric computer-technology company you will find. Apple dreams of getting margins of Intel...
Check the iPhone sales - they have plateaued, and iPads are down. Apple is near it's iDevice peak, meaning it's going to have to find something else to continue revenue growth. Oh, and Apple did not earn the most profit in a quarter by any company in history; it only did that if you don't adjust for inflation - but that's kind of cheating. If you adjust for inflation, Fannie Mae and ExxonMobil crushed it over Apple.
Look, Apple's performance has been amazing, but to ignore what happened before, to ignore the real facts, simply is lying to oneself and others. Apple's in the top 10 for sure, but by no means are the best ever, given what's happened in the past and will undoubtedly happen in the future (companies that go up inevitably go down).
On an inflation adjusted basis, Apple is not the most valuable company ever, did not have the highest corporate earnings ever, nor had the highest margin ever. It is impressive - but so are many other companies who have exceeded Apple even in their market (Microsoft, for one).
Reality disagrees with you. Microsoft is down to a 58.5% gross margin, a gross margin Apple has never reached. And that 58.5% is LOW for Microsoft, historically.
And, from the way revenue from the iPhone is starting to sag, in 20 years we'll be 17-18 years past Apple's peak. But comparing the peak of the two, at this point, shows that Apple comes up a bit short of Microsoft.
In inflation adjusted dollars, they were still way ahead of Apple. Totally dominated multiple markets (not just press-domination, actual sales/revenue domination). And margins that still rival-or-exceed the best Apple ever had. I know it's not popular, but at their peak Microsoft was well beyond what the current Apple is.
Well, first it was Eric Holder. But now Loretta Lynch says so... Awfully hard to prosecute when the Justice Department acts like the political enforcement arm of the Administration rather than, well, an actual Department of Justice.
I lived in Europe for 3 years, South America for 2, Asia for 7. There's more countries I've been to than I haven't (105 and counting). I know how to be safe overseas - and I've gone places where most tourists WON'T go because they're afraid. I try to go where locals go - and sometimes that means you run the risk of being assaulted. Hey, it happens if you just live in NYC or London, too. But that's OK, must be me and not the fact that crime and criminals are a worldwide issue. We'll go ahead and just cower and hope a policeman stumbles by when needed...
Guns are designed for many things. Including competitive uses (like most bows and baseball bats). Or for providing food on my table (like bows, and knives). But you don't get it, that's fine. You're obviously not from the US, so enjoy where you're at! In the mean time we'll simply go about living as we do, and realize that about 80% of all shootings are drung and gang related; factor those out and we're equal or lower than many European countries.
BTW, the only times I've had violent confrontations were overseas (two in Europe whilst living in Belgium, and two in South America whilst living in Chile). Never had to draw my firearm (concealed) in the US.
Well, I kind of learned to be from adventures overseas. I had one attempted mugging in Amsterdam, one successful one in Marsellies, was shot in the leg in Bogota, and was robbed in Rio. Never had a problem in the US, but experiences overseas were enough to convince me to be armed when possible.
Lots of other things kill people too. I guess we should ban them as well. Cars, trains, knives, baseball bats, fists, aspirin, bees, peanuts, hammers, etc.
I mentioned breeders in precisely one post, and neither my post nor the GP contained anything about solar or wind. But apparently you have a mental block/fetish that swings with the sun and blows in the wind, and see nuclear gremlins behind every post. So be it!
You really know what makes people look like morons and idiots (vindictive ones at that)? Attacking people for things they never said nor wrote. Inventing things like anti-wind or anti-solar when it wasn't even mentioned or hinted at. But then - you probably already knew that, didn't you?
Me, personally? No. But I do have an uncle who is the local pharmacist/general store for a tiny town in Central Northern Washington and he uses his Suburban for weekly runs into town to buy many items in bulk at Costco/Sam's Club that he resells for the locals. So they don't have to do the 120 mile round trip, especially in the winter when the roads are pretty bad. So yes - it does happen. But that's OK, SUV=evil, I get it.
I guess NASA is wrong then about Antarctica adding 80+ billion tons of ice per year. Density of ice is fairly stable versus temperature so the volume of ice is actually increasing quite a bit. But then, maybe NASA doesn't know what it's doing.
Slashdot Mirror
Not to mention much lower corporate tax rates...
Bill Gates could buy Elon 5 times over, and still have enough money left to crack the the top 50 wealthiest people in the US. And much of the wealth of Musk is in Tesla shares - shares that would be worthless if the company cannot deliver cars (and would take a big hit if he started liquidating large numbers of the shares to try to finance Tesla himself).
And all that capex spending got them a facility that can build a few thousand cars a month. Now they need to scale that up by an order of magnitude - meaning even more capex spending.
There's never been a company, period, with the margins Apple has.
Yes there has. If you want to move the goalposts because I showed the error of your post, go ahead - but the fact doesn't change. Apple's margins have been readily eclipsed in the tech sector. Even Intel crushes Apple and Intel is probably the most hardware-centric computer-technology company you will find. Apple dreams of getting margins of Intel...
Check the iPhone sales - they have plateaued, and iPads are down. Apple is near it's iDevice peak, meaning it's going to have to find something else to continue revenue growth. Oh, and Apple did not earn the most profit in a quarter by any company in history; it only did that if you don't adjust for inflation - but that's kind of cheating. If you adjust for inflation, Fannie Mae and ExxonMobil crushed it over Apple.
Look, Apple's performance has been amazing, but to ignore what happened before, to ignore the real facts, simply is lying to oneself and others. Apple's in the top 10 for sure, but by no means are the best ever, given what's happened in the past and will undoubtedly happen in the future (companies that go up inevitably go down).
On an inflation adjusted basis, Apple is not the most valuable company ever, did not have the highest corporate earnings ever, nor had the highest margin ever. It is impressive - but so are many other companies who have exceeded Apple even in their market (Microsoft, for one).
Reality disagrees with you. Microsoft is down to a 58.5% gross margin, a gross margin Apple has never reached. And that 58.5% is LOW for Microsoft, historically.
And, from the way revenue from the iPhone is starting to sag, in 20 years we'll be 17-18 years past Apple's peak. But comparing the peak of the two, at this point, shows that Apple comes up a bit short of Microsoft.
In inflation adjusted dollars, they were still way ahead of Apple. Totally dominated multiple markets (not just press-domination, actual sales/revenue domination). And margins that still rival-or-exceed the best Apple ever had. I know it's not popular, but at their peak Microsoft was well beyond what the current Apple is.
Great! So what do you want on your latte? Would you like some biscotti as well?
Apple is the choice of terrorists!
Well, first it was Eric Holder. But now Loretta Lynch says so... Awfully hard to prosecute when the Justice Department acts like the political enforcement arm of the Administration rather than, well, an actual Department of Justice.
I lived in Europe for 3 years, South America for 2, Asia for 7. There's more countries I've been to than I haven't (105 and counting). I know how to be safe overseas - and I've gone places where most tourists WON'T go because they're afraid. I try to go where locals go - and sometimes that means you run the risk of being assaulted. Hey, it happens if you just live in NYC or London, too. But that's OK, must be me and not the fact that crime and criminals are a worldwide issue. We'll go ahead and just cower and hope a policeman stumbles by when needed...
Guns are designed for many things. Including competitive uses (like most bows and baseball bats). Or for providing food on my table (like bows, and knives). But you don't get it, that's fine. You're obviously not from the US, so enjoy where you're at! In the mean time we'll simply go about living as we do, and realize that about 80% of all shootings are drung and gang related; factor those out and we're equal or lower than many European countries.
BTW, the only times I've had violent confrontations were overseas (two in Europe whilst living in Belgium, and two in South America whilst living in Chile). Never had to draw my firearm (concealed) in the US.
Well, I kind of learned to be from adventures overseas. I had one attempted mugging in Amsterdam, one successful one in Marsellies, was shot in the leg in Bogota, and was robbed in Rio. Never had a problem in the US, but experiences overseas were enough to convince me to be armed when possible.
Do you generate enough electricity to run your power washer?
Huh, I wonder what those tax breaks are? And I guess coal plants aren't having to install even better scrubbers and such...
Solar array in space? How stupid! Don't they realize how long the extension cord down to the grid will be?
Lots of other things kill people too. I guess we should ban them as well. Cars, trains, knives, baseball bats, fists, aspirin, bees, peanuts, hammers, etc.
Yes, much better to leave your safety in the hands of the local drug-addled robber who purchased his weapon from a trunk on the bad side of town!
You forgot the Kardashians. They had to have caused some of those PTBs...
I mentioned breeders in precisely one post, and neither my post nor the GP contained anything about solar or wind. But apparently you have a mental block/fetish that swings with the sun and blows in the wind, and see nuclear gremlins behind every post. So be it!
You really know what makes people look like morons and idiots (vindictive ones at that)? Attacking people for things they never said nor wrote. Inventing things like anti-wind or anti-solar when it wasn't even mentioned or hinted at. But then - you probably already knew that, didn't you?
Me, personally? No. But I do have an uncle who is the local pharmacist/general store for a tiny town in Central Northern Washington and he uses his Suburban for weekly runs into town to buy many items in bulk at Costco/Sam's Club that he resells for the locals. So they don't have to do the 120 mile round trip, especially in the winter when the roads are pretty bad. So yes - it does happen. But that's OK, SUV=evil, I get it.
I guess NASA is wrong then about Antarctica adding 80+ billion tons of ice per year. Density of ice is fairly stable versus temperature so the volume of ice is actually increasing quite a bit. But then, maybe NASA doesn't know what it's doing.
NASA says that the interior is gaining ice, not the ice shelf out over the ocean.