Apple is Amazing

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My post was sarcasm to point out that the the Exxons are not the only companies to make huge dollar profits adn to conduct business all over the world to take advantage of better climates.
Exxon paid more in USA raxes than Apple did but Exxon made less in profits.

I am a big fan of apple and that was not a knock on apple but to point out how hypocritical people are vis a vis Oil and Fas companies

some idiots still post that oil and gas companies get subsidies that must stop.
so will those same idiots call for subsidies to apple or GE to stop?

 

6721, I new it was sarcasm...but the timing was just to good to pass up. But I suspect that the hypocrites on the left won't be pounding their cool iphone, ipads, etc demanding windfall profits taxes.

 

even more to the point, the technology sector makes a much higher PERCENTAGE of profit than big bad oil. That's why when lefties complain about Oil, you never hear them mention the percentage of profit (which is something around 10 to 12% if I am not mistaken. Technology companies like Apple make closer to 30 or even 40% profits.

 

Apple is where it is today because of the internet.

Ironically, the internet is an offshoot of the kind of government spending that I typically abhor.


Life isn't always neat and tidy.

 

Consider this: If Apple had been added to the Dow in June 2009, the last time there were serious rumors that it would happen, the average would be about 2,500 points higher than it is today and well above its all-time high. Were Apple part of the Dow right now, the Dow would be at 15,360.

 

If you want to get a great insight about how the computer industry started, go get a copy of Hackers: Heroes of the Computer Revolution by Steven Levy.

It was written in 1984, but it's a GREAT view of how computers got to that point. It starts out at the AI lab at MIT and then moves on to SAIL at Stanford 10-15 years later...

 

Apple hits $800 billion market cap.

macrumors.com/2017/05/08/apple-nears-800-billion-market-cap

Apple's stock is currently trading above the $153 mark for the first time ever, after factoring in a 7-for-1 split in 2014, giving the company a record-high market cap of roughly $800 billion. That means Apple is within $200 billion of becoming the world's first trillion dollar company.

 

Apple has $250 billion in cash. They could start their own army.

 

That would be kinda cool.

 

iForceTM

 

I think Apple already owns a few offshore islands where they hide all their cash from Uncle Sam. Maybe they'll evolve into their own corporate nation state, Applantis.

 

Here is the split history -- AAPL has had 4 splits from 1987

1987 Two for One Stock Split
Apple's first stock split occurred on June 16, 1987. On the day before, its stock price closed at $78.50 per share. Thereafter, Apple issued a two for one stock split, and shares of Apple opened at $41.50 on June 16, 1987.

2000 Two for One Stock Split
Apple's second stock split occurred on June 21, 2000. The day before, Apple closed at $101.25 per share. Apple closed at $55.62 per share on June 21, 2000.

2005 Two for One Stock Split
On Feb. 25, 2005, Apple closed at $88.99 per share. On Feb. 28, 2005, it issued another two for one stock split. On Feb. 28, 2005, Apple closed at $44.86 per share.

2014 Seven for One Stock Split
Apple issued its fourth stock split – this time, a seven for one stock split – on June 9, 2014. Apple closed at $645.57 per share on June 6, 2014. On June 9, 2014, Apple closed at $93.70 per share.

The AAPL IPO was Dec. 12, 1980 at $22.
From that price, including the spits, the ROI is over 26,000%

 

We were lucky to get into AAPL in 2006 at $72. Today’s pre-split adjusted value is about $1,000. Wish I could have bought more at the time.

 

Going OT here, but the AAPL return got me looking at Bitcoin, which has been up lately

$10,000 invested in July 2010 is worth over $193M today

https://pensionpartners.com/the-evolution-of-money/

 

As a wise old U.T. Finance professor once clarified: tax avoidance is good, tax evasion is not.

 

my 2009 macbook still going strong! Had to upgrade the RAM a couple years ago ... but hey.
updated software ... but otherwise original hardware.

I don't know many windows units from 2009 ... just saying.

 

I have my old 2007 MacBook Pro on Craigslist now. I added an SSD and upgraded RAM a few years ago and it runs fine. Macs tend to hold their value pretty well.

 

How would you cash that in? Is there some Bitcoin trading company that would give someone $193M for their electronic bits and bytes?

 

Looks like AAPL will open today near $155 -- an all-time high

And BofA just boosted its price target to $180

 

Past year

 

To lower the prices for food and clothing, we should cut the taxes even more for oil and gas.

 

A Democrat would say that Ronald is a victim of income disparity caused by a prejudiced society, and an unfair capitalist system that only benefits the rich.

 

I wonder what Ronald bought with that $800. He probably tries to forget.

 

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