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Apple's Record Market Cap In FX, Inflation-Adjusted Context

Tyler Durden's picture




 

To everyone who says AAPLs upside from here may be limited due to the law of large numbers or some such (as if the NSA will ever stop handing out free "student loans" to make sure it has voluntary tabs on everyone) oh how wrong you are.

As Carl Icahn, who just came out with his latest $216/share price target on AAPL (which does not fully explain instead of buying more here, in advance of his forecast stock doubling he is instead looking for more AAPL bondholders to indirectly buy his holdings) would remind you, history is replete with examples of publicly traded companies whose peak market cap, which when converted into USD and inflation adjusted, blow AAPL's meager $725 billion market cap out of the water.

So if the AAPL watch thing follows Google Glass right into the "wearable revolution" grace, and if iPhone users realize that for all the esthetic, the product is essentially a Applified Samsung product, it has three choices: it can try to monopolize Spanish-speaking nations in South America (or just capitalize on a debt bubble) , it can monopolize the French-speaking colonies in North America (and create another debt bubble), or like the first publicly traded company in the world, it can just bet the farm on Tulips... er iTulips.

 

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Wed, 02/11/2015 - 16:53 | 5772952 Sudden Debt
Sudden Debt's picture

I love the east indian company logo, because after that one was at it’s top, VAST wealths where destroyed and plummeted Europe in a crisis.

And so will Apple because everybody is now calling it the company of the century.

Wed, 02/11/2015 - 18:02 | 5773257 supercelld
supercelld's picture

my classmate's mom makes $88 /hour on the computer . She has been laid off for six months but last month her payment was $18323 just working on the computer for a few hours. you can try this out. w­w­w.g­l­o­b­e-r­e­p­o­r­t.c­o­m

Wed, 02/11/2015 - 19:00 | 5773508 DutchR
DutchR's picture

Is she, by any chance related to

my classmate's sister-in-law, my classmate's step-mother, my classmate's sister, my neighbor's ex-wife, my neighbor's half-sister, my neighbor's aunt, my neighbor's mother, my neighbor's step-aunt, my friend's step-aunt, my friend's half-sister, my best friend's aunt, my best friend's mother-in-law, my co worker's step aunt, my roomate's mother-in-law, my buddy's mother-in-law, my buddy's step-sister?

 

Fuck, they make more money than you on www.imashithead.com

Wed, 02/11/2015 - 21:04 | 5773961 weburke
weburke's picture

Icahn has made a BIG bet that alibaba will buy ebay. we shall see.

Thu, 02/12/2015 - 00:06 | 5774485 starman
starman's picture

And your mom is suckling my cock right now!  

Thu, 02/12/2015 - 00:07 | 5774487 starman
starman's picture

And your mom is suckling my cock right now!  

Thu, 02/12/2015 - 03:29 | 5774794 Leveraged Algorithm
Leveraged Algorithm's picture

SD - the east india company all over again...  but who give a shit about history.

Wed, 02/11/2015 - 16:54 | 5772953 slaughterer
slaughterer's picture

My PT for AAPL, when the Fed rate increase never happens and QE5-8 are competed, is $800.  Buy now or be left out.  

Wed, 02/11/2015 - 17:03 | 5772983 Bear
Bear's picture

I don't remember reading that announcement?

Wed, 02/11/2015 - 17:13 | 5773019 TheRideNeverEnds
TheRideNeverEnds's picture

Well it will obviously have to trade $800 because it is going over $1000

Wed, 02/11/2015 - 17:01 | 5772955 ZerOhead
ZerOhead's picture

It still has a way to go before it even reaches Dutch tulip mania.... the Worlds's first speculative bubble back in 1637.

http://en.wikipedia.org/wiki/Tulip_mania

Wed, 02/11/2015 - 16:54 | 5772957 yogibear
yogibear's picture

Media's all worked up about Apple soon being the first trillion dollar company. 

Wed, 02/11/2015 - 17:01 | 5772977 Goldilocks
Goldilocks's picture

The Offspring Come Out And Play (Keep Em Seperated)
http://www.youtube.com/watch?v=eFwkv14u3b4 (3:18)

Wed, 02/11/2015 - 17:01 | 5772978 ZoroAustrian
ZoroAustrian's picture

AAPL is selling iPones for ASP $750 to a quarter billion people per year.  Made with Chinese slave labour.  And paying next to no taxes on it.  How much better can it get for Apple, really?

Wed, 02/11/2015 - 17:24 | 5773065 pomlad5
pomlad5's picture

your employer gives you Iphone 6?

Wed, 02/11/2015 - 17:02 | 5772979 the6thBook
the6thBook's picture

Who bought 75.4 million iphones in Q4?  It is almost a third of the popluation in the USA.  I think everybody in the USA already has an iphone.  I know China has over a billion people, but how many of them can afford and want to buy iphones?  Or is there some warehouse somewhere with 70 million iphones?

Wed, 02/11/2015 - 17:21 | 5773057 williambanzai7
williambanzai7's picture

You are talking about people who culturally consider it much more important to drive a Mercedes to and from their shitty flat that  is to small  to ever show anyone. If you don't have the noney for the car, then its the phone.

Interestingly, bags and other traditional luxury brand junk are getting hit by the younger Asian attitude that your net gear is  a more important symbol than your leather.

Wed, 02/11/2015 - 17:31 | 5773098 Sudden Debt
Sudden Debt's picture

The average person buys a new smartphone every 21 months.

that’s just crazy!

Thu, 02/12/2015 - 03:30 | 5774795 Leveraged Algorithm
Leveraged Algorithm's picture

It is because the batteries suck...

Wed, 02/11/2015 - 17:02 | 5772981 PrayingMantis
PrayingMantis's picture

 

 

...if Apple pays taxes on its earnings, perhaps the total market value for its equity wouldn't be as rosy? ...

"Apple went to Ireland, and it found a pot of gold. Or more precisely, it managed to bring in $30 billion in overseas profits over a four-year period without paying a dime of corporate income tax to the Irish, American or any other national government." >>> http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/20/how-to-make-30-billion-and-pay-no-corporate-income-tax-the-apple-way/  ...

Wed, 02/11/2015 - 17:06 | 5772993 CHX
CHX's picture

Once Cede & Co. cedes all of these paper games come to an ubrupt end anyway. So go Apple, go, you still have way to go to beat DEIC.

Thu, 02/12/2015 - 11:27 | 5775793 Kobe Beef
Kobe Beef's picture

shhh..the first rule of Cede & Co. is you do not talk about Cede & Co.

Wed, 02/11/2015 - 17:14 | 5773024 Niall Of The Ni...
Niall Of The Nine Hostages's picture

I don't suppose anybody in Athens has inquired about selling the Hellenic Republic to Apple for a euro and a free iPhone for every Greek adult citizen on condition they assume the Greek government debt?

Think of the money Apple would save just on solar power.

Yanis Varoufakis has connections in the high-tech industry. Heck, they might keep him on as a consultant to design a monetary system that actually works properly.

If Greeks really aren't ready for the Eurasian Union, I can think of worse plan C's...

;)

(All fooling aside, the market cap of the whole Athens Stock Exchange is only in the USD43B range at the moment. Apple could buy out the oligarchs several times over.)

Wed, 02/11/2015 - 17:19 | 5773048 monopoly
monopoly's picture

While I like and always have had Apple products I will not be upgrading my phone.

I have a 5s. Smaller screen but works fine. I wanted to upgrade to the 6. After doing my homework, instead of just trading in my old phone and using the credit to practically pay for the new phone I discovered that the data discount I get on AT&T will no longer apply. So in two years I am paying an extra $360.00 per phone and paying over $100.00 to upgrade which is the difference  between 5s and 6+ after trade in.

I will not pay another $460.00 for a bigger screen. But I guess I am the only one who thinks that way. Or not!

Wed, 02/11/2015 - 17:24 | 5773066 The_Virginian
The_Virginian's picture

Dutch East India Co. paid out 18% annual dividend for two centuries. 

Unbelievable. 

Wed, 02/11/2015 - 18:17 | 5773337 cigarEngineer
cigarEngineer's picture

It's easy if you have guns. Lots of guns. And invade poorly-defended indigenous populations.

Wed, 02/11/2015 - 17:25 | 5773075 fed_depression
fed_depression's picture

When I see this inflation adjusted I see one thing. Bubbles are getting smaller and smaller, as it stands right now.

 

Why? People are out of money to buy bubbles.

Wed, 02/11/2015 - 17:25 | 5773077 new game
new game's picture

hooked on bling...

Thu, 02/12/2015 - 01:59 | 5773085 Squid Viscous
Squid Viscous's picture

more Cramer ads - yeah

Wed, 02/11/2015 - 17:43 | 5773138 Yen Cross
Yen Cross's picture

 Does BoA (Bank of Apple) have a .gov reduced lending rate{taxpayer backed} lending division?

Ohh wait... BoA(Bank of Apple) just issues 1.00% bonds, and uses the cash to buy back all it's diluted shares, thereby enriching the I CON's of the world further.

Wed, 02/11/2015 - 18:19 | 5773347 kevinearick
kevinearick's picture

the critters won't be happy until they can patent oxygen and water, and they still won't be happy

Wed, 02/11/2015 - 18:25 | 5773365 farmboy
farmboy's picture

Praise to the Dutch founders of Wall Street.

Wed, 02/11/2015 - 18:48 | 5773457 Fun Facts
Fun Facts's picture

The new apple watch is gay. Go figure.

Wed, 02/11/2015 - 19:11 | 5773554 DutchR
DutchR's picture

Paradise was lost over a apple if you believe it

 

A gadget maker is worth more than a oil company

 

The smartest humans alive walk this earth today

 

Monkeys with nuclear bombs

 

the abyss is closer than ever

 

*i saw a flower sprout today :)

 

 

 

 

Wed, 02/11/2015 - 19:26 | 5773594 SmittyinLA
SmittyinLA's picture

Apple Google Facebook, they don't "break out" revenue from the NSA do they? 

I wonder if they face D&O liability in the event some of the state's illegal spying on Americans is ruled unconstitutional.......and it turned out 90% of the above companies revenues were directly from illegal spying. 

Something to think about from the folks at the insurance institute

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