AAPL’s revenue is for Q2 was up 11% y/y…
Uh oh!
Tesla market cap down $40 billion today, lol stonks
So apparently Robinhood still isn’t doing shit for KYC. My girlfriend applied for options privileges and got level 3 immediately after putting a low net worth and 0 options experience on the questionnaire . Meanwhile I have to beg Fidelity to let me sell a covered call in my IRA.
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“I don’t often trade options, but when I do I AM THE ONE WHO SELLS.”
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Sure but are their prospects for the next five years or so 60% better or whatever it was? Their P/E ratio is like 37, AMZN is like 129. This seems unsustainable.
We got a bunch of financial whiz kids ITT.
Stonks go up you can’t explain that
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The other problem AAPL has is they already own half the smartphone market. The odds of someone else becoming the trendy thing over the next 5-10 years is pretty high. Their tech has lagged the competion for years(at least in the smartphone market) so once it isn’t the in thing they are going to be dead in the water.
I hate to play stock analyst, but I have to think a lot of Apple’s valuation is driven by its track record creating new markets.
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I’m no legal expert but it seems a functioning Justice Department may view the App Store as a problematic antitrust situation.
Ok so I would agree with you on:
IPod
IPhone
IPad
And since then they have done what exactly? The IWatch? They didn’t exactly invent that market. Their devices, especially the phones, have lagged their competitors for a long time now. The fact there isn’t a 5G Iphone available yet is insane. The IPad was launched over 10 years ago. The company is feasting on people buying it because it is the cool/status symbol thing to have rather than it being the best product of its type. Those types of situations rarely last forever.
The question is what are they developing now that’s a potential game-changer? You could have said the same thing about some of those other products in the past. I think they’re a good company overall, but I do think they’re overvalued currently by the market.
They haven’t launched a product anyone cares about since 2010. That said, Microsoft hasn’t released a product consumers actually care about since either the XBox or Office, so who knows.
They are developing a Mac that goes on your arm. Which to me seems like an unbelievably dumb idea.
Btw this is a joke.
ETA-Apple Silicon: The Complete Guide - MacRumors
I think they are a good company also tbh but being the most valued company in the world seems a bit insane. If they lose Iphone share they also lose their app store share also. The odds of them maintaining their market share for 5-10 years has to be extremely low.
Oh, conflicts of interest are so 2012. In the 2020s you gotta disrupt that paradigm! Who’s with me!
STONKS futures down bigly with NASDAQ down almost another 200 points. Tomorrow could be crazy with a 3 day weekend coming.
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I can’t express how much pleasure the word STONKS gives me
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It’s really a great term. There’s literally only one word that sounds like STONKS that isn’t inherently silly: Bronx. All the rest: bonks, conks, gonks, honks, plonks, yonks, zonks, are silly words for silly things. And as we’ve seen, STONKS are an inherently silly subject.
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