AAPL has a ~2.3 trillion USD market cap, roughly the size of size Canada or Italy, the 10th and 11th largest countries by domestic market cap.
So which is more overpriced, Canada or AAPL?
AAPL shares have reduced about 30% since 2013 from 23 billion to 16 billion.
Revenue for APPL has doubled since 2013, from 170 billion to 340 billion.
Operating income has doubled since 2013 from 50 billion to 100 billion.
Assets have increased in that time from 220 billion to 320 billion, about 50%, however have declined from 400 billion in 2017.
Liabilities have increased in that time from 60 billion to 260 billion, over 300%.
A recent court ruling has changed Apple's app store policy to no longer restrict payment methods through third parties. This monopoly on the app store was a big part of their revenue.
I can't remember the last time Apple invented something new that seemed extraordinarily useful. The iPod and iMac were amazing, life changing devices in their day. But that was during the Jobs era. Now you have "new products" like the Apple Watch or the Homepod doesn't really do anything for me but offer redundancy.
On the other hand, people like shiny things. Especially shiny things that light up. The elite hoard more AAPL stock than ever.
Is it worth it? Or are they just bag holding?
Should it be worth 4x the price in M2 inflation-adjusted terms since 2013?
Given the expectations that inflation will fall, the most widely hoarded assets will fall the hardest, right?
Cheers!
So which is more overpriced, Canada or AAPL?
AAPL shares have reduced about 30% since 2013 from 23 billion to 16 billion.
Revenue for APPL has doubled since 2013, from 170 billion to 340 billion.
Operating income has doubled since 2013 from 50 billion to 100 billion.
Assets have increased in that time from 220 billion to 320 billion, about 50%, however have declined from 400 billion in 2017.
Liabilities have increased in that time from 60 billion to 260 billion, over 300%.
A recent court ruling has changed Apple's app store policy to no longer restrict payment methods through third parties. This monopoly on the app store was a big part of their revenue.
I can't remember the last time Apple invented something new that seemed extraordinarily useful. The iPod and iMac were amazing, life changing devices in their day. But that was during the Jobs era. Now you have "new products" like the Apple Watch or the Homepod doesn't really do anything for me but offer redundancy.
On the other hand, people like shiny things. Especially shiny things that light up. The elite hoard more AAPL stock than ever.
Is it worth it? Or are they just bag holding?
Should it be worth 4x the price in M2 inflation-adjusted terms since 2013?
Given the expectations that inflation will fall, the most widely hoarded assets will fall the hardest, right?
Cheers!