Originally Posted by Hephasteus
They had a market cap of 82 billion dollars. Which is more than oil companies. I don't know about you but I use a lot more oil than i use apple and I think 99 percent of the world use more oil than they do apple. If they sell 5 million macs in 3 months then I want to see a crazy chicken that beats people at checkers.
Over 40 hedge funds run apple stock. It's over 8 percent of the entire nasdaq. It's a ponzi. If it lost half of it's value the nasdaq would go down 4 percent without fear infection that is. With fear infection much more.
What they do is water down stock. There's more people on the planet than shares outstanding but they pay for everything from the IPO. Including wages, legal battles, supplies, technology that they buy and fold into iphone. etc etc.
First off, Apples market cap is 372 Billion
, making it the second most valuable company in the world.
This story is kind of pointless. I can almost undoubtably say that after this quarter we'll see another "Apple smashes forecasts" story. They've had way more success stories than not.
I still feel awful for my friends dad. He bought a huge amount of Apple stock @20 in 2005 and flipped it within a few months for $40 a share.