Apple becomes first trillion dollar company

[brooklynite]

Source: Axios

Apple became the first-ever U.S. company to have its market cap his $1 trillion on Thursday. It’s a largely symbolic milestone, but also a reminder that between its giant market cap and massive cash holdings, Apple could buy almost anything it wants.



Read more: https://www.axios.com/apple-becomes-first-trillion-dollar-company-1533223304-531f3c3b-8694-4ce4-b208-3beea7233a7d.html

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Stock is up $15 this week after Apple's best quarterly financial report

[obnoxiousdrunk]

1. Amazon soon to follow.

[empedocles]

2. Apple and Amazon

Easy to remember when Amazon was called by Wall Street the [stock] 'river of no returns'

Forest Gump got Apple right though

[elmac]

3. all those China slave factories seemed to have paid off! nt

[brooklynite]

4. The current valuation is being driven much more by digital services than by hardware.

Out of curiosity, where was the computer you're using built?

[elmac]

6. I'm sure this also helps their bottom line

Apple has been doing this for years, but according to new documents released on Monday as part of the massive cache of secret corporate records called the Paradise Papers analyzed by the International Consortium of Investigative Journalists and its partner media organizations, the California-based tech giant has taken great lengths to continue its practice of tax dodging, including moving its cash to the island of Jersey, despite attempts by regulators to rein the company in.

http://www.slate.com/articles/technology/technology/2017/11/apple_s_most_innovative_product_might_be_its_tax_avoidance_scheme.html

Personally I could care less about US monopolies other than so much wealth held by one company is detrimental to the overall economy. Not paying taxes=corporate welfare

[LanternWaste]

7. The good old "well, what about you?" defense.

Out of that same sincere curiosity, it's rated as two to three grades better than "oh yeah... says who?"

[mahatmakanejeeves]

8. At work, Dell laptops, thousands of them in the building. Every last one from China.

And the monitors too. HP printers? I haven't checked, but I don't think they're from the US.

Full disclosure: AAPL shareholder, but not from waaaaaay back.

[DarleenMB]

9. sick of this

As a long time Apple user/owner and stockholder I get sick and tired of seeing comments like this. You imply that Apple is the ONLY corporation out there who has used Chinese produced products. What China and her companies do behind their borders is not always on prominent display. Granted, when the information came out Apple (and all the other corporations) SHOULD have immediately moved to have it stopped. But to diss Apple like you just did is horse pucky.

[elmac]

11. I do really, really care about the 1%

because they really, really care about us.

[FSogol]

5. Wow! Not paying your fair share of taxes really pays off.

[DarleenMB]

10. I don't see you complaining

about GE and all the other HUGE corporations who pay NO TAXES WHATSOEVER. why do people like you constantly carp on Apple?

[FSogol]

12. Which corp just topped 1 trillion?

Plus GE employs 220,000 people in the US. Apple has less than 47,000 world-wide. GE doesn't have a delusional fan base promoting their every move and pretending they are the all-loving father-figure with religious fervor.

Apple is a huge drain on the US, but they are just as bad as other multi-national corporations. Stop your Apple worship, it is unseemly.

[brooklynite]

17. How many direct jobs did Billionaire J.K.Rowling create?

She created a product that people wanted to pay for. So does Apple.

[FSogol]

18. Are J.K.Rowling and/or her publisher involved in tax avoidance schemes? No they aren't .

Apple cannot say the same.

[elmac]

13. Yep, like many US monopolies

they get away with this shit because the 1% make the tax laws and loooooooove tRump.

[hunter]

14. Apple: Proud purveyors of e-waste since 1984.

Rocky Raccoon Clark wisely abandoned ship when Apple opened the hell gate.

[turbinetree]

15. Must be nice to pay 21% and pocket 79% and get everything else paid for by the

citizens, like fire, roads, police etc.....................and then get tax breaks to have towns fight to have them there................kleptocracy at its finest, just's like amazon, w-mart..................

[Fiendish Thingy]

16. They should buy twitter give Trump the boot! Nt