Apple Set to Become First $4 Trillion Company
Apple Set to Become First $4 Trillion Company
Apple is on the brink of becoming the first company in history to surpass a $4 trillion market valuation, Fortune reports. Apple's stock...
Not sure how to feel about that, honestly.
They deserve it for putting all the best engineers, designers, and developers under one roof and letting them do incredibly cool stuff.
But that’s not how they actually made that much money. They did it through labor exploitation in their supply chain and anti-consumer/monopolistic business practices.
What great design are they doing now? I feel they haven’t done anything good in a few years
AirPods have some pretty fantastic UX, Vision Pro’s UX is miles ahead of anything else even at a higher price point.
Fun podcast episode about Apple sound design: https://www.20k.org/episodes/the-sound-of-apple-2
Vid about Vision Pro by an AR/VR industry expert who has a specific interest in UXD: https://youtu.be/REo1ugX5GSI
They released the Vision Pro this year. They were working on the Apple car. They supposedly have a Google home like device coming, as well as a doorbell. Hopefully between those two things we will start to see more devices that function with Apple home.
They're putting the charge port on the underside of mice.
There aren't any conceivable design improvements left to make..
Maybe they can now finally hire some developers to work on their software.
Gross.
They were the first trillion dollar company only three or so years ago. Maybe two? Something is broken.
No this is how exponential growth works. The first trillion is always the hardest to make! Much easier to make another trillion after that!
That logo art looks like cigarette butts.
Shareholders: “How long until 5 trillion?”
What does it mean that a company is worth $4T? (and I'm not talking about market cap)
It means that above and beyond the sum of Apple's assets is a giant balloon of funny money backed by the full faith and credit of the greater idiot. Tesla has a big pustuous boil full of money too, and bitcoin is nothing else. I sure hope they don't pop.
Apple has over $100B in cash. They have patents, contracts, data centers, subscriptions, products, established market, consistent sales, etc. There would have to be a drastic change to the world for that to evaporate.
Sure, some of the value is speculation on how they will do in the future but not nearly to the extent of Tesla’s valuation. Apple has ~4x the revenue of Tesla and ~2.5x the market cap.