wejo wrote:
asdsdf wrote:Apple now has a market cap that is greater than the GDP of Sweden. It's hard to fathom. Apple's market cap is greater than Microsoft's and Google's, combined.
When did AAPL pass the market cap of Miscrosoft? I thought it was in the last 6 months but it must have been longer than that if it is now worth more than Google and Microsoft combined.
wejo wrote:
asdsdf wrote:Apple now has a market cap that is greater than the GDP of Sweden. It's hard to fathom. Apple's market cap is greater than Microsoft's and Google's, combined.
When did AAPL pass the market cap of Miscrosoft? I thought it was in the last 6 months but it must have been longer than that if it is now worth more than Google and Microsoft combined.
May 26th, 2010, so 8 months. AAPL's growth has been astronomical. Essentially, in the last 8 months the growth of AAPL has been far greater than the entire market cap of Google.
asdsdf wrote:
wejo wrote:When did AAPL pass the market cap of Miscrosoft? I thought it was in the last 6 months but it must have been longer than that if it is now worth more than Google and Microsoft combined.
May 26th, 2010, so 8 months. AAPL's growth has been astronomical. Essentially, in the last 8 months the growth of AAPL has been far greater than the entire market cap of Google.
Let's see... May 2010 to March 2012...ummm, carry the one...Oh, yeah, sounds like eight months to me.
asdsdf wrote:
Apple now has a market cap that is greater than the GDP of Sweden. It's hard to fathom. Apple's market cap is greater than Microsoft's and Google's, combined.
So was Yahoo at one point. Now look at it. The euphoria with A won't last. Ten years from now we'll be talking about the tragic collapse of A. Get out now and take your profits.
The Sage wrote:
asdsdf wrote:Apple now has a market cap that is greater than the GDP of Sweden. It's hard to fathom. Apple's market cap is greater than Microsoft's and Google's, combined.
So was Yahoo at one point. Now look at it. The euphoria with A won't last. Ten years from now we'll be talking about the tragic collapse of A. Get out now and take your profits.
It can only go up!!!
"Apple is the first technology company to be admitted to the Fair Labor Association (FLA). The FLA has made incredible progress over the past decade to improve working conditions and protect workers in the apparel industry. As a member of the FLA, Apple will open our supply chain to an FLA auditing team that will measure our performance against the FLA’s own Workplace Code of Conduct. The results of these audits will appear on the FLA website. This represents a level of transparency and independent oversight that is unmatched in our industry."
Admittedly that is from Apple's own website.
they can make their own rules wrote:
Why would the business make the rules that you suggest? It doesn't benefit them. It benefits the people to have rules about working conditions, so the people should make the rules. That is the whole purpose of government.
The only moral purpose of government is to uphold individual rights. In the context of labor, that means ensuring that employers are free to offer whatever working conditions they want, and workers free to accept or reject those conditions. It is economic freedom, not government regulations that leads to an improvement in working conditions over the long term.
In a free market, which our current economic system bears no slightest resemblance to, businesses have to compete with one another for labor just as they have to compete for customers. One important way that businesses can do that is by offering more favorable working conditions. The businesses who offer the best working conditions will attract the best and most productive workers, and the businesses who offer the worst working conditions will only be able to retain the least productive workers. The companies with the best workers will succeed, the ones with the worst workers will fail, and over the long term, the free market will improve the standard working conditions for everyone. Just as biological evolution improves the fitness of all members of a given species over the long term, the market evolves for the better as companies compete to beat existing standards.
Government regulations have arrested the long-term improvement in working conditions that otherwise would have taken place by either destroying businesses altogether or driving them out of the country. In fact, one of the reasons that some Asian businesses are able to offer poor working conditions is that they don't have to worry about competition in America, where it's prohibitively expensive to manufacture many things. By interfering with the free market, the advocates of "worker's rights" (special privileges for workers) are causing exactly the opposite effects of what they supposedly intend, putting Americans out of work altogether and condemning the Chinese workforce to poverty and stagnation.
The Housing Bubble all over again. Fools.
Ship of Fools wrote:
The Housing Bubble all over again. Fools.
I agree. The question is....how long will it last?
Math Man wrote:
asdsdf wrote:May 26th, 2010, so 8 months. AAPL's growth has been astronomical. Essentially, in the last 8 months the growth of AAPL has been far greater than the entire market cap of Google.
Let's see... May 2010 to March 2012...ummm, carry the one...Oh, yeah, sounds like eight months to me.
Just because today it's March, doesn't mean that's the time it took to grow more than the market cap Google.
Sweden doesn't outsource it's labor to Child Labor slave owners, with employees committee suicide by jumping off factory roofs.
If you have an Apple product you are a piece of sh*t.
The Sage wrote:
asdsdf wrote:Apple now has a market cap that is greater than the GDP of Sweden. It's hard to fathom. Apple's market cap is greater than Microsoft's and Google's, combined.
So was Yahoo at one point. Now look at it. The euphoria with A won't last. Ten years from now we'll be talking about the tragic collapse of A. Get out now and take your profits.
Why do you think Yahoo is analogous to Apple? AAPL's P/E is only 16.68. The worth of AAPL is based more on actual earnings than potential earnings. Back in early 2000's, Yahoo had a P/E of in the 120s. For reference, Google has a current P/E of 21.01 and Amazon has a P/E of 134.79.
hard talk wrote:
Sweden doesn't outsource it's labor to Child Labor slave owners, with employees committee suicide by jumping off factory roofs.
If you have an Apple product you are a piece of sh*t.
I assume you own no electronics? How are you posting? By your definition, you are most likely also a POS.
asdsdf wrote:
Math Man wrote:Let's see... May 2010 to March 2012...ummm, carry the one...Oh, yeah, sounds like eight months to me.
Just because today it's March, doesn't mean that's the time it took to grow more than the market cap Google.
What do the words, "in the last 8 months" mean to you?
Math Man wrote:
asdsdf wrote:Just because today it's March, doesn't mean that's the time it took to grow more than the market cap Google.
What do the words, "in the last 8 months" mean to you?
My bad. I meant "in 8 months" there. Though, it's also true for the last 8 months.
asdsdf wrote:
My bad. I meant "in 8 months" there. Though, it's also true for the last 8 months.
OK, I get what you are saying.
However, I think that it ("the growth of AAPL has been far greater than the entire market cap of Google") is not true of the last 8 months (Apple market cap growth of around $200B). I also do think it is not true of the first 8 months (May 26, 2010 - Jan 26, 2011) (Apple market cap growth of around $90B).
Google market cap around $200B.
It is true of the entire 22 month period (Apple growth of around $320B).
Thats amazing. People must really like all those pads and shit. I think this is more like IBM. But Apple seems to have some kind of a yuppie/metro/gay/fag image that people like.
Why are you comparing it to Sweden. Hasnt that country already gone bankrupt once.
Chinese companies are currently raising salaries quite dramatically each year, so the salary gap is closing, despite it remaining very large. And Apple is, under pressure and with greater competition in China, starting to pay workers somewhat more. But the Apple story that only in China could they get that kind of quality does not add up. I was listening to a story about on shoring the other day that was citing various manufacturers who claimed that the products they were making in China were of significantly lower quality than those of their former American factories, that the workers were less educated and less trained.
.. wrote:
Thats amazing. People must really like all those pads and shit. I think this is more like IBM. But Apple seems to have some kind of a yuppie/metro/gay/fag image that people like.
Right now Apple has very little competition in their major product lines. The only phones that compete with the iPhone are the Android phones, and people seem to prefer iPhones for whatever reason. Blackberry is basically dead, running on steam now. Nobody even comes close in the tablet or mp3 player market.
I'm not saying they're necessarily the best in those markets, but people don't even think about alternatives. It's just: I want a tablet -> I get an iPad. I want an mp3 player: -> I get an iPod.
This might eventually change, but other electronics companies really have to adapt to Apple if they want to compete.