Apple Nearly Worth 1 Trillion Dollars

[EarthWormJM2]

Can we PLEASE separate Samsung from "all of Android" in arguments? I see too many times people comparing Apple to Samsung and using Samsung as an example for ALL of Android. That is just wrong. I'm over here with my last 3 phones being LG and have had 0 issues and they are all fairly good quality products, and I keep seeing people bash Samsung for their products or practices and turn around and lump ALL of Android in with it. If you have a specific issue with Android, fine, I will accept that. But Samsung even heavily modifies Android to their own specifications, so its not the same on other manufactures devices. I personally see Samsung trying to make their devices and software more "simple" or "streamlined" like Apple and some of the ways they are doing this are causing bad design/devices (s7) or things users don't like (like bixby).

 

So come on guys, no one is comparing Apple to Windows, it's Apple to Microsoft, i.e. Apple to Samsung, Or iOS to Android (but even nowadays you need to specify which Android and from which manufacturer.)

 

On topic... As much as I don't like seeing Apple potentially be the first Trillion dollar company, I can't say I am surprised. I mean, we know their products are marked up, we know they have huge margins, and we know they are one of the most popular companies in the world... the math adds up. lol.

[Sauron]

1 hour ago, djdwosk97 said:

And again, companies are no different in this regard than the rest of the population.

Yes they are, because they have the money to bend the rules to suit them and to pay an army of lawyers to dissuade anyone from taking them to court.

17 minutes ago, pinksnowbirdie said:

No, but Apple is an American company so it's not that hard to expect them to not put dual SIM in their phones.

The majority of their sales happen in China.

[S w a t s o n]

7 hours ago, RorzNZ said:

It’s only funny when it’s true

Right, so mine was funny and his wasn't right? :^ )

[IntMD]

3 hours ago, asus killer said:

i read it, did you? it wasn't legal and i don't care what you call it, like i already said.

I did. They weren't fined. They had to pay the tax due + interest due, which is standard and in no way a fine (it is also only being put in escrow, pending the appeals, which will likely take a long, long time). Also, they were adhering to the laws of the ROI, the EC felt that it was providing an artificial advantage to Apple due to the way the tax was actually being collected only on sales in Ireland and not on the full sales income. Apple weren't hiding what they were doing from anyone. This is also why the ROI were also contesting the need to receive the €13 billion themselves, despite it likely providing a good boost to their economy at least in the shorter term.

 

I'm in no way defending Apple as, to be honest, I think they should be paying actual tax due on all earnings, as should any company. However what you said was factually incorrect, and in this world of people claiming everything is fake news, it's worthwhile being as correct about things as you can be.

[DrMacintosh]

9 hours ago, arnavvr said:

Maybe I'm wrong here, but isn't the Trashcan Mac Pro assembled in the USA?

It is, but that’s an old dead product. 

[DrMacintosh]

1 hour ago, Shorty88jr said:

What I don't like is them acting like their products cost that much and pretend they don't have huge margins on their products

Who is doing that? 

[wasab]

So? How is that impressive. British East India company not only once was a giant monopoly worth huge loads of money but it also had like conrtolled over an entire Indian subcontienent, rullin over hundred millions of its inhabitants while also being the biggest drug dealers selling opium to the chinese. How's that for a real life, historical evil corporation-government that functions just like those seen in the movies?

[asus killer]

34 minutes ago, IntMD said:

I did. They weren't fined. They had to pay the tax due + interest due, which is standard and in no way a fine (it is also only being put in escrow, pending the appeals, which will likely take a long, long time). Also, they were adhering to the laws of the ROI, the EC felt that it was providing an artificial advantage to Apple due to the way the tax was actually being collected only on sales in Ireland and not on the full sales income. Apple weren't hiding what they were doing from anyone. This is also why the ROI were also contesting the need to receive the €13 billion themselves, despite it likely providing a good boost to their economy at least in the shorter term.

 

I'm in no way defending Apple as, to be honest, I think they should be paying actual tax due on all earnings, as should any company. However what you said was factually incorrect, and in this world of people claiming everything is fake news, it's worthwhile being as correct about things as you can be.

boy you sure love semantics. When a court decides you have to pay something isn't that a fine (i'm not a native English speaker. And i did separate fine and payment in the post)? nevertheless they had to pay what they hadn't pay as the court ordered. Phrase it as you please.

[vanished]

Wow, that really drives it home just how huge they are.  I mean, that number is just insane.  Call me crazy but I feel like it might not be such a good thing for a company to be that huge, and I know they're not the only one at or nearing that size...

 

edit:

3 hours ago, TVwazhere said:

Fun fact: Apple might be about to reach $1 trillion, but they're not the most valued company in history. That title belongs to the Dutch East India Company, back in the 1600's

Yeah and do we actually want that again?  Think about the kinds of things they did

Edited August 1, 2018 by Ryan_Vickers

[IntMD]

7 minutes ago, asus killer said:

boy you sure love semantics. When a court decides you have to pay something isn't that a fine (i'm not a native English speaker. And i did separate fine and payment in the post)? nevertheless they had to pay what they hadn't pay as the court ordered. Phrase it as you please.

I can understand the confusion for a non-native speaker, fair enough, but it's all about the semantics. When you don't particularly want people to say potentially libellous things which, while it's almost certain nothing would happen because it's a forum post and nobody really cares, best to not let it happen if you can help it.

 

Wasn't technically a court either, but it's all good. 

 

[Commodus]

16 minutes ago, wasab said:

So? How is that impressive. British East India company not only once was a giant monopoly worth huge loads of money but it also had like conrtolled over an entire Indian subcontienent, rullin over hundred millions of its inhabitants while also being the biggest drug dealers selling opium to the chinese. How's that for a real life, historical evil corporation-government that functions just like those seen in the movies?

To start, Apple isn't a monopoly, doesn't have effective control over populations and isn't setting out ruin people in the name of profit.  You can criticize its use of tax loopholes and its mixed success improving labor conditions at contractors, but this is not a de facto government.  I know, you like to pretend you're a brave Linux resistance soldier fighting the evil megacorporations, but the boring reality is that Apple is a business, not a sinister empire.

 

Second: remember, this is the company that nearly went bankrupt in 1997.  It went from the brink of oblivion to being the most valuable company on the planet in just over 20 years.  It's impressive precisely because few companies engineer such a comeback story, let alone manage to redefine the computing experience in the process.

[Shreyas1]

They could buy a small country if they wanted to now lol

[Peter S]

The modern people nowadays are very technoholic. So, if Apple gets the title as the first trillion-dollar company, I will not be surprised for Apple is one of the best and popular electronic company in the world. I just hope that Apple will fix their service to ensure the satisfaction of all Apple users.

[Brooksie359]

2 hours ago, djdwosk97 said:

When a loophole knowingly exists for decades it's no longer unintended; at the end of the day, the government is choosing to leave the exemptions in place.

"a means of escape; especially : an ambiguity or omission in the text through which the intent of a statute, contract, or obligation may be evaded". That is the definition of a loophole. In this context it's a way to evade the intent of the tax code. If it was intended then it wouldn't be considered a loophole. Calling a sale akin to a loophole is absolute nonsense. 

[Fasterthannothing]

57 minutes ago, DrMacintosh said:

Who is doing that? 

What do you mean Apple that's who why do you think their replacement parts are so expensive Apple sells the idea that the products cost more to make thus making people think they are worth more.

[Brooksie359]

On 7/31/2018 at 10:30 PM, DrMacintosh said:

Macs are like any other computer and don’t age poorly. 10+ year old PCs can run just fine today if they were high end and got a few modern upgrades. 

Windows as an os kinda ages like crap tbh. You eventually have to do some work to clean it up again and then it runs about the same as it did when you bought it. I don't know much about apple's os so I can't say how it ages but I know alot of people who have older Windows laptops that complain that it is running way slower than it should be. I do a simple reset and the computer is suddenly fast again. They are usually amazed at how big the difference is. So I think the idea of Windows pcs not gaming well is more down to the OS getting bloated more than anything else. 

[suicidalfranco]

when a luxury electronic brand as a market cap 10 or 5 times bigger than the likes of Chevron or Maersk.

Fun world to live in.

[EPENEX]

All that money and they still can't figure out how to put ports on their computers/phones. I didn't know it was so hard.

 

The biggest problem I see with them is that their newer devices have so many problems, I'm surprised any thinking individual would purchase one. The hardware just isn't there yet. For the price that you're paying you would think it wouldn't have only one or two ports, thermal issues, breaking keyboards, soldered parts, and wonky displays. There are a few things they are doing right though, like their software is pretty okay- I wouldn't personally use it though. The sense of security and privacy they give you is good too, better than companies such as Google or Microsoft.

[TVwazhere]

1 hour ago, Ryan_Vickers said:

Wow, that really drives it home just how huge they are.  I mean, that number is just insane.  Call me crazy but I feel like it might not be such a good thing for a company to be that huge, and I know they're not the only one at or nearing that size...

 

edit:

Yeah and do we actually want that again?  Think about the kinds of things they did

I'm not saying I want it, I'm just saying it's not impressive to me.

[vanished]

Just now, TVwazhere said:

I'm not saying I want it, I'm just saying it's not impressive to me.

Well it's a different world now, the path to that kind of size is a bit different.

[S w a t s o n]

3 hours ago, TVwazhere said:

I'm not saying I want it, I'm just saying it's not impressive to me.

East India Trading company was also basically a de facto government, guess which country...

[Belgarathian]

It will happen even if Apple doesn't add any value to it's business. 7% is 2 years of inflation at the CPI.

[Noctus]

7 hours ago, Swatson said:

East India Trading company was also basically a de facto government, guess which country...

Yeah, the UK? What's your meaning ?

[S w a t s o n]

28 minutes ago, Noctus said:

Yeah, the UK? What's your meaning ?

No, it was India but the British government had a huge hand in it and did end up absorbing it

My point is that comparing what is effectively a company the size and with the power of a country isn't the same as Apple

[Noctus]

2 minutes ago, Swatson said:

No

"no" what? Great Britain (London ,England to be precise) owned it.