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Apple hit new high today in race toward $1T market cap
Posted by: Speedy
Date: March 12, 2018 05:43PM
[seekingalpha.com]

"Apple (NASDAQ:AAPL) hit a new high today as shares bumped $182 intraday before slipping back down slightly.

The move put Apple’s market cap over $925B, ahead of Alphabet and Amazon, in the race towards the $1T mark.

Apple shares closed the day up 1% to $181.72.

Previously: Apple Music hits 38M paid subscribers; Apple orders first animated series (March 12)"

Also:

"Trump issues order to block Broadcom takeover of Qualcomm

Mar. 12, 2018 6:32 PM ET|About: Broadcom Limited (AVGO)|By: Jason Aycock, SA News Editor
President Trump has issued an order to block Broadcom's (NASDAQ:AVGO) hostile takeover of Qualcomm (NASDAQ:QCOM).

Shares of Broadcom are flat after hours; QCOM is down 1% in postmarket trade.

It's a permanent block -- any merger or takeover attempt "substantially equivalent" to the proposed deal is also prohibited, according to the order, which CFIUS issued and the president signed."



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.



Edited 1 time(s). Last edit at 03/12/2018 05:44PM by Speedy.
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Re: Apple hit new high today in race toward $1T market cap
Posted by: ka jowct
Date: March 12, 2018 05:49PM
Hey, Apple, fix the freaking OSes. And design some Macs that are robust and useful and versatile.
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Re: Apple hit new high today in race toward $1T market cap
Posted by: NewtonMP2100
Date: March 12, 2018 05:53PM
.....hit it....then quit it.....???



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Re: Apple hit new high today in race toward $1T market cap
Posted by: Rick-o
Date: March 12, 2018 05:57PM
IMO, AAPL should have already have hit the $1T market cap. I feel currently, it's way undervalued.

Apple will be the first to hit 1 trillion, and I expect that to happen sometime before the end of this year.



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Re: Apple hit new high today in race toward $1T market cap
Posted by: GGD
Date: March 12, 2018 06:25PM
If the shares outstanding of 5,134,312,000 that I'm finding is correct, then the magic price is $194.769/share to pass $1T.

Given that it only needs to move up another $13 or so (about 7%), it would not be surprising to see that happen this year.
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Re: Apple hit new high today in race toward $1T market cap
Posted by: gabester
Date: March 12, 2018 06:42PM
Quote
ka jowct
Hey, Apple, fix the freaking OSes. And design some Macs that are robust and useful and versatile.

Some examples of robust and useful and versatile:

1) A pro laptop that has more than one kind of port!
2) A tower that is expandable, able to add standard component cards and drives
3) The ability to play modern HD digital video media without requiring an internet connection (I think they call it "Bluray?")
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Re: Apple hit new high today in race toward $1T market cap
Posted by: ztirffritz
Date: March 12, 2018 06:48PM
It is strange to see Amazon even compared to Apple. Apple, Amazon and Google all reported results on 12/31/17. Apple reported $20billion profit, Amazon report $1.8billion and Alphabet (Google) reported -$3billion. Apple should probably be buying back shares at a faster clip or returning money more aggressively through dividends. I'm a long AAPL shareholder, but jeez...what are they planning to do with hundreds of billions of dollars in the bank?

[www.cbsnews.com]



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Re: Apple hit new high today in race toward $1T market cap
Posted by: Marc Anthony
Date: March 12, 2018 07:01PM
Quote
ztirffritz
what are they planning to do with hundreds of billions of dollars in the bank?






Le poète doit vivre beaucoup, vivre dans tous les sens. - Verlaine
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Re: Apple hit new high today in race toward $1T market cap
Posted by: parsaplenty
Date: March 12, 2018 08:02PM
I was hoping for a special dividend on the repatriated funds. Something on the order of $10/share minimum. That would be about 50 billion and would leave plenty left for share buybacks, increasing the regular dividend and acquisitions. Guess it still may happen but not holding my breath!
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Re: Apple hit new high today in race toward $1T market cap
Posted by: ka jowct
Date: March 12, 2018 08:34PM
Quote
gabester
Quote
ka jowct
Hey, Apple, fix the freaking OSes. And design some Macs that are robust and useful and versatile.

Some examples of robust and useful and versatile:

1) A pro laptop that has more than one kind of port!
2) A tower that is expandable, able to add standard component cards and drives
3) The ability to play modern HD digital video media without requiring an internet connection (I think they call it "Bluray?")

A laptop keyboard that can’t be destroyed by a particle of dust, requiring a ridiculous repair.

There’s a lot of discussion of the mysteries of USB-C at Macintouch, including different approaches to labeling the cables so that folks can keep them straight. How is this crap productive? I don’t want to ever have to deal with this.
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Re: Apple hit new high today in race toward $1T market cap
Posted by: gabester
Date: March 12, 2018 08:35PM
Quote
ztirffritz
what are they planning to do with hundreds of billions of dollars in the bank?

Given the lack of interesting new product ideas from within Apple, they're going to rely on that cash hoard to survive until they hit their next big thing as Amazon and others slowly carve them up with cloud-data utilizing intelligent assistants.
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Re: Apple hit new high today in race toward $1T market cap
Posted by: Mr645
Date: March 13, 2018 12:45PM
Quote
gabester
Quote
ka jowct
Hey, Apple, fix the freaking OSes. And design some Macs that are robust and useful and versatile.

Some examples of robust and useful and versatile:

1) A pro laptop that has more than one kind of port!
2) A tower that is expandable, able to add standard component cards and drives
3) The ability to play modern HD digital video media without requiring an internet connection (I think they call it "Bluray?")

These are the reasons all of our laptops in the company are PC. Over 20 of them. We need 3 or 4 USB ports, we need a video port for a monitor.

I have 6 Mac Pro towers and IF they made a new tower I would probably buy them, but our next move is to start moving toward Windows servers with Mac work stations attached. Far too costly to get an expandable Mac.

Tell me about it. Even the latest Mini cannot play 4k video. No problem for a $699 Windows laptop
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Re: Apple hit new high today in race toward $1T market cap
Posted by: ztirffritz
Date: March 13, 2018 01:37PM
What's interesting about Apple's cash hoard and their plan to become cash neutral is that as they buy back more shares, the dividend/share will increase. That makes the shares more appealing and worth more which makes people pay more for them, which makes Apple worth more...it's like taking an established 40 year old company back to startup levels of hype.



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Re: Apple hit new high today in race toward $1T market cap
Posted by: RAMd®d
Date: March 13, 2018 03:04PM
they're going to rely on that cash hoard to survive

I think 'rely' isn't a problem; same with 'survive'. Everybody, especially analysts want the Next Big Thing from Apple (and only Apple) on a regular basis. Nobody sweats Samsung coming out with yet another phone that basically the same every other phone with one or two tweaks or new features that are evolutionary, not revolutionary.

And I'm sure Apple knows that they can't live off of phones forever. They don't tend to drive on only the low-beams. They're of a chess player than a checkers player. They may not make the gear I want or make it exactly the way I want, but I'm not a bit worried about their 'survival'. They'll be just fine.




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