2 years agoMy take: Not that it means anything.
UPDATE: Apple closed Wednesday at $462.83, a new all-time high but a couple tens of billions below the $2 trillion high water mark.
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1. Man, that’s a lot of share holder dilution!
2. But the price appears to be holding up quite well anyway…
We assume you meant “X 4.xxx billion”
$2T makes for a single chapter title in that book.
Quoting Tim, “Apple’s best days are ahead…”
LOL!!
The Law of Large Numbers is a statistical term that describes how more samples (after reaching a certain point) doesn’t materially improve accuracy.
I hereby move that we title what was popularly known ( by Apple skeptics and haters) as the “law of large numbers” the Laughable Meme of Large Numbers.
“Care to compare revenue growth?”
Care to compare revenue per share growth? Or how about earnings per share growth? Or dividend per share growth? Or how much more Amazon Cloud servers pollute per kW than Apple’s?
You live in a glass house. I’d be a bit more careful throwing around stones if I were you….
“…Amazon…has racked up highly impressive revenue growth year after year…”
Doesn’t look all that impressive in price over revenue per share. Last I looked back on July 10, Amazon’s price over revenue per share was 5.39 and Apple’s was 6.14 – a 14% difference. Certainly not nearly enough difference to justify better than 3X Apple’s P/E.
All I’m saying is give them both the same P/E. A 124 P/E for Apple works for me….
As regards Apple’s rented Cloud, neither you nor I know what Apple demands in return for its custom, but I’d be willing to bet they vet that service for pollution as well. Especially since they’re moving to carbon neutral across their supply chain, which obviously includes rented Cloud services.
“Apple has given you a healthy TOO over 10 years.”
Not my point. These two companies should not be this far apart vis-a-vis valuation, and never should have been. You can’t give me a single compelling reason why this should be the case.
OTOH, I can give you many compelling reasons why Apple is the more socially responsible of the two. That may not be valued in a strictly business sense, but IMHO it should be. And if it were the case, Apple should be valued higher than Amazon. Call me a cynic, but that’s not to say that I think it ever will be.
How many companies is Apple the major competitor? Mranwhile, AWS is told in cloud computing, #3, in advertising, #1 in online services, major competitor in online video streaming, delivers 2/3 of its own packaging, is a major competitor to Apple and spotty in streaming music,. Then there’s Amazon to Go, Amazon Fresh, Twitch, While Foods…
None of which says Amazon should be valued, by P/E, over 3X Apple. And none of which addresses my point about which company is more socially responsible.
Give it up, S.
Yet coming this far and where we stand today, I feel that Apple has not lost its way and that the current PE is not over-exuberant and I couldn’t be any more excited about this company’s future potential.
Almost to good to be true.
Geaux longs.
Geaux . Bravo.
“My take: Not that it means anything.”
Right attitude 😉
No matter, holding the intraday high is immaterial. Apple will gain incrementally as this quarter rolls along and breach $2T on a close eventually.
The trend is your friend, until it isn’t.
Today’s activity is exactly why the only number I concern myself with is the intraday low. Everything else is higher. I want to know how the low is trending.
It’s trending very nicely.