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Apple Just $14 Billion Away From Eclipsing Entire US Retail Sector
As Apple gaps open by another 1% at $558, it stands less than $14bn (in market cap) away from being larger than the entire US retail sector. The good news: it still has a ways to go before eclipsing the retail and the semi sectors combined.
Chart: Bloomberg
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Was expecting some from you on this.
can't be a bubble, right?
Welcome to the United States of Apple.
Eclipses the entire retail clothing sector? Difficult to comprehend.
company has $100B in cash. WTF u expect?
yes, if you have a company that has $100B in cash, you will be AT LEAST worth $100B in market cap
Not if the clothing business is low-margin and extremely competitive, while Apple's line of work is high-margin and they have no real peer (yet).
And, yes, there is always "irrational exuberance" to take into account as well.
Buy gold and come back in 10 years when euro, dollar, franc, yen and others will all be gone in current form. Robert Mish can't be wrong: http://www.armadamarkets.com/market-info/videos/
Fuck off, spammer!
iUSA! iUSA! iUSA!
iPowaaaa!!
iNeedmorecashtobuygreece
get out and get physical gold on the dip
Yeah, that's sustainable.
At some point, the cell phone CAN'T get any better, right? I mean, I really try to upgrade as less as possible....consumers can't be sustained to keep on upgrading, at $300-$600 a piece........unless, of course, a new phone comes with blowjobs. I might upgrade then.
BTW, nice to see Apple doing well. Are they hiring here in the U.S (cue snicker)?
They are building a campus in Austin, TX and will add 3,600 jobs.
http://www.washingtonpost.com/national/apple-to-build-304-million-campus...
@I am a Man
Niiice. Call center jobs for single moms and nerdy males under 28.
Brazzers to merge with Apple?
Welcome to BangPhone!
AAPL keeps all the onionBooty.
I am mystified at all of the off base comments on Apple on these boards. Like it or not, Apple is the best thing this country has going for it. Maybe that is sad. Most of you don't like this, not sure exactly why compared to all the other sorry shit going on around the world. You would think that Apple was the first company to make stuff in China.
BTW, Apple just hit 560, GOT APPLE??
Apple is also a symbol of many of the things that are wrong with this country, the following keywords come to mind: centralization, control, offshoring, globalization, elitism, dissassociated reality, bubble, China, slobbering fanboys, etc...
Seriously?
It's bullish when something as simple as a fake rumor about a single company could take down this much market cap, right?
Israel should help it reach that goal, ohh say...today.
So is this part of that whole "the market is smarter than anyone" mythology that market promoters have told us all these years?
i find apple very cheap
/s
Apple is cheap.
All stocks are cheap.
When money on the sideline comes back in......dow 36,000.
Green shoots and happy days are here again.
Remarkably robust
I'm looking at SHLD and getting very tempted to buy puts with the vix so low and every last drop of skewed data squeezed out of the bullshit retail sales statistics. How far can the algos push it ?
all fear etf's are attractive,
I don't know. I was in the local Sears last weekend and it was a ghost town in there--practically everything is discounted. A few lookers, no takers.
iCantbelieveit.
Another upgrade. Everyone that Ownes Aapl keep upgrading their price targets. Like there are any Shorts that would be forced to cover.
I always see an Upgrade as a Sell signal. If I wanted to short, at todays level or maybe tomorrow would be where I would enter.
I do not care what they do Steve Jobs is not comming back and once they go thru the Ideas in the pipeling this stock will be sold hard.
It's pretty sad when we only have one growth story in this country and that is based off of high margins from slave labor.
http://www.youtube.com/watch?v=Lln5i1N3J8g
That's a great tune. I've been around long enough to see a lot of,at the time, current hits become classics and this is certainly one of them.
to be fair to Apple, isn't all Chinese labor slave labor? and Foxconn's much heralded suicide rate is actually way below the average chinese suicide rate.
Just sayin'.
don't forget money laundering.
and synthetic opiate sales.
Ummm, hate to burst the bubble, but using slave labor as a means of creating growth and profitability is as old as the USA itself.
Sort of the dark side of "American Exceptionalism" that people don't like to talk about in polite conversation.
All those loser loons on the left love their iThings, but hate evil corporations. Maybe the Chinese are putting tiny little explosives in these things and will explode every one of their empty hipster heads.
am buying Samsung!
iBubble
change the logo to a tulip
iTulip
iGroupthink
Thanks apple for doing your part in creating a generation of "vidiots" with your version of ividiot ikids. America is going to have to creat A LOT of data entry jobs for these ikids that can text 300,000 words per second. I really can't see them learning any other usefull skills from this gadgetry ladened distracted world we have created for them. Its going to be all data entry from here on out for America's future. We will take over the world once again with data entry.
"data entry"??? What, do you use a card reader still???
You obviously don't have teenagers with cell phones
I don't have teenagers (yet) but I definitely agree. All these electronic distractions are idiotic. Oh wait, I'm postingo on ZH right now!
Apple is just a large retail company with a technology component.
One has the latest maxiPad, the latest $2500 Prada bag, and $1000 Louboutins. How the hell else would people be able to identify and aspire to your lifestyle.
#brandingrocks
imtiredofthebadijokes
iGrouch
iresemblethatiremark
I just got an IPhone. It cost me NOTHING but the monthly operator charge, for wich I call for FREE.
What does the retail sector give away for free? A goodbye and a smile?
The argument the supporters will use is:
Who cares if Apple is larger than the entire US retail sector. They sell iPhones everywhere in the world. Apple should be bigger than the US market.
No QE = iShort
Theres no way Apple is worth what its trading at right now.... they might as well sell stock instead of ipads at this price point.... clearly near peak apple.... the world is going to hear soon about the day that apple self destructed.
You can't keep that kind of growth going indefinatly . . . there is going to be a crash.
Apple IV to Houston...we have a problem Houston...we need more dilithium crystals to maintain Warp Speed...has any one spoke to FOXCONN about our backorder...? We need more power Scotty...repeat, more power...
Icrapple
"there is no dark side in the moon, really. As a matter of fact it's all dark"
This is amazing with all of the badass retail companies out there like Circuit City, Chess King, KB Toys, never mind, they are out of business, like Blockbuster, Barnes & Noble....wait are they out of business?
Well you have Crox, American Eagle, Gap...there ya go.
14 Big Bills? Johnny Corzine keeps that in his bowling bag...
I can't wait to see all the sob stories and documentaries from broke hipsters about how they were fooled into buying this shit.
/sarc
And yet, it is inevitable--it is the story of all consumer electronics. How do you feel when you see a Walkman or a CB radio at a flea market or a garage sale? I guarantee that Facebook and Twitter will one day be historical footnotes, the same as AOL (and yes, I'm aware AOL is still around, I'm just not sure why). Apple has nailed the smartphone and tablet business, so they will ride the wave for awhile. But one day in the future you will be pawing through boxes at a garage sale and there will be an iPad, the same way people find a TRS80 or some Intel-based PC like a 386 and it will be just as worthless.
but....but... they didn't have Steve. He's so cool
Have you seen this? http://www.commodoreusa.net/CUSA_C64.aspx
What a joke. Slave labor pays and pays well I see. Looks like the traders of old were on to something after all. Mildly amusing that the sins of yonderyear are coming back en vogue again.
Yeah, because the computer YOU bought was made by well payed, ´Merican workers....
They're not slaves. They get paid for their work. And at prevailing wages for that area. Why do you hate capitalism so much?
http://www.reuters.com/article/2012/01/26/idUS280946626420120126
deplorable working conditions. if Apple wants to impress me, build it in Detroit.
Yeah. Build it in Detroit. So this way an iPad will cost $5,000 and Apple will eventually start losing money, then lay off thousands of its workers, including your precious Chinese Foxconners.
Fucking brilliant!
Excuse me but, Apple charges for their product as if they were manufactured here so if they were manufactured here they would cost the same as they do now. What would be affected is Apple's profit margin, which would be more in line with actual costs. So let's say that; instead of them making $100 Billion, they would probably only make $75 Billion.
So when they actually get to 2% of all humans owning an iPad will they just take over the world?
Unites States of Apple. Welcome your new overlords. Siri will do ways better than the Bernank.
I'm still in Cisco- largest company in the world by market cap. Oh.....wait...... something's wrong
I think apple should buy Coach. Very similar business models. Both of those companies' crap can be cloned in a heartbeat. Meanwhile, the smartest company on the planet recently puchased Motorola's handset division.
iSAppleWorthMoreThanGreece?
too big to fail - apple is the story of the economy - apple is the market. steve jobs will be re animated if need be.
if an apple falls from the wall street tree we are all doomed. Newton's apple is near but gravity has been outlawed.
hint to w bonzai some good images yet to come..
you caught me off-guard with "Steve Jobs will be reanimated if need be."
iBubble = iShort... well not yet but its getting closer :-)
Tyler, what is the measure of the retail sector if it doesn't include Apple? Clarification please.
Standing in line at the iClothes store waiting for an attendant to see if they have an iShirt and iPants in your size and would you like a nanoSpeedo (so you can listen to podcasts while you swim), complete with Dumbass Bar.
This obviously doesn't include such behemoths as Samsung, not traded on the US exchange.
Yeah... Sure it does... I guess Benny will buy it all . Or didnt he already do that... How many time over is he going to allow his buds to bid this shit up... I mean damn har
In the Brave New World of centralized everything, will there only be one of anything?
Given it's got to $561 does that mean it got that extra $14bn today?
DavidC
All I know is that every Apple store I visit is JAMMED. If you look at the parking lot, about half of the cars are parked right outside the Apple store, and it wouldn't surprise me if half the traffic is actually to that store. This includes about 3 stores I've been to recently. I know, antecdotal, but they definitely have done something right.
Lets see. Stock chart on weekly and monthly is parabolic. Yeah, it's a buy. Just buy, buy, buy. Sell when the central banks stop the flooding of money.
One day this stock will stop the rocket ride upwards. Not sure when. But it won't be pretty for the israeli bank and hedge funds.
Apple better be on the ball. If they are the market, one wrong move and the market's toast. Amazes me that the Hedgefunds have become the sheeple.
If I were interested in buying AAPL, I'd take a good look at what all that cash is invested in
Everything trades. That is all I am saying about that straight up chart.
All them hedge funds need to put it somewhere.
3 years ago today, Apple was trading at $95....a 492% return (unleveraged). Typically, I gear 100 to 1. Could have made a 49200% return. Typically I play with 100K. Should have made $50,920,000. ....didn't buy any unfortunately
They could buy Sony with their petty cash today.