Apple is worth a trillion dollars

[the-pi-guy]

Apple reaches $1 trillion value

[Legend]

Woohoo!

First modern company to do that!!!

[the-pi-guy]

Woohoo!

First modern company to do that!!!

Actually Petro China broke 1 trillion in 2007.

PetroChina makes its debut as world's first trillion-dollar firm | Business | The Guardian

Saudi Aramco is valued around $1.2 trillion.

First non-oil companies.  

[Kerotan]

They beat Microsoft to it. Well done apple

[Legend]

Actually Petro China broke 1 trillion in 2007.

PetroChina makes its debut as world's first trillion-dollar firm | Business | The Guardian

Saudi Aramco is valued around $1.2 trillion.

First non-oil companies.  

I was thinking of oil companies as old companies but I guess 2007 is pretty recent.

[Xevross]

Sad clap

[darkknightkryta]

I think the stock market needs to stop evaluating companies based on "feelings"

[Legend]

I think the stock market needs to stop evaluating companies based on "feelings"

Eh, what else could they use?

[darkknightkryta]

Eh, what else could they use?

Current profits?  

[the-pi-guy]

Current profits?  

They're currently the most profitable company on the planet.  
Only one company comes close.  
But Apple has been consistently the top profiter.  

[darkknightkryta]

They're currently the most profitable company on the planet.  
Only one company comes close.  
But Apple has been consistently the top profiter.  

But it'll take them like 15 more years to amass a trillion dollars.

[Legend]

But it'll take them like 15 more years to amass a trillion dollars.

Well the high evaluation is because people expect Apple to continue growing.

If everyone thought Apple was static and wouldn't expand then yeah the stock price would be lower.

[Kerotan]

But it'll take them like 15 more years to amass a trillion dollars.

15 years is a short time in business.