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Apple Just $14 Billion Away From Eclipsing Entire US Retail Sector

Tyler Durden's picture





 

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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Tue, 03/13/2012 - 09:43 | Link to Comment Falkor
Falkor's picture

Was expecting some from you on this.

Tue, 03/13/2012 - 10:02 | Link to Comment spiral_eyes
spiral_eyes's picture

can't be a bubble, right?

Tue, 03/13/2012 - 10:10 | Link to Comment HoofHearted
HoofHearted's picture

Welcome to the United States of Apple.

Tue, 03/13/2012 - 10:22 | Link to Comment goldfish1
goldfish1's picture

Eclipses the entire retail clothing sector? Difficult to comprehend.

Tue, 03/13/2012 - 11:39 | Link to Comment trav7777
trav7777's picture

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

Tue, 03/13/2012 - 12:35 | Link to Comment Greater Fool
Greater Fool's picture

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.

Tue, 03/13/2012 - 12:46 | Link to Comment It was not me
It was not me's picture

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/

Tue, 03/13/2012 - 13:08 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Fuck off, spammer!

 

Tue, 03/13/2012 - 09:43 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

iUSA! iUSA! iUSA!

Tue, 03/13/2012 - 09:43 | Link to Comment Eclipse89
Eclipse89's picture

iPowaaaa!!

Tue, 03/13/2012 - 10:41 | Link to Comment prains
prains's picture

iNeedmorecashtobuygreece

Tue, 03/13/2012 - 09:45 | Link to Comment zilverreiger
zilverreiger's picture

get out and get physical gold on the dip

Tue, 03/13/2012 - 09:49 | Link to Comment Shizzmoney
Shizzmoney's picture

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)?

Tue, 03/13/2012 - 09:56 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

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...

Tue, 03/13/2012 - 10:08 | Link to Comment Cursive
Cursive's picture

@I am a Man

Niiice. Call center jobs for single moms and nerdy males under 28.

Tue, 03/13/2012 - 10:40 | Link to Comment Conrad Murray
Conrad Murray's picture

Brazzers to merge with Apple?

Tue, 03/13/2012 - 10:44 | Link to Comment Clamdigger
Clamdigger's picture

Welcome to BangPhone!

Tue, 03/13/2012 - 15:49 | Link to Comment Sokhmate
Sokhmate's picture

AAPL keeps all the onionBooty.

Tue, 03/13/2012 - 11:35 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

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??

Tue, 03/13/2012 - 12:08 | Link to Comment Fukushima Sam
Fukushima Sam's picture

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...

Tue, 03/13/2012 - 12:09 | Link to Comment LowProfile
LowProfile's picture

 

BTW, Apple just hit 560, GOT APPLE??

Seriously?

Tue, 03/13/2012 - 09:46 | Link to Comment Gene Parmesan
Gene Parmesan's picture

It's bullish when something as simple as a fake rumor about a single company could take down this much market cap, right?

Tue, 03/13/2012 - 09:46 | Link to Comment LongSoupLine
LongSoupLine's picture

Israel should help it reach that goal, ohh say...today.

Tue, 03/13/2012 - 09:46 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

So is this part of that whole "the market is smarter than anyone" mythology that market promoters have told us all these years?

Tue, 03/13/2012 - 09:47 | Link to Comment resurger
resurger's picture

i find apple very cheap

/s

Tue, 03/13/2012 - 10:01 | Link to Comment lizzy36
lizzy36's picture

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.

Tue, 03/13/2012 - 11:55 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Remarkably robust

Tue, 03/13/2012 - 09:47 | Link to Comment scatterbrains
scatterbrains's picture

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 ?

Tue, 03/13/2012 - 09:55 | Link to Comment resurger
resurger's picture

all fear etf's are attractive,

Tue, 03/13/2012 - 10:22 | Link to Comment aerojet
aerojet's picture

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.

Tue, 03/13/2012 - 09:47 | Link to Comment Stoploss
Stoploss's picture

iCantbelieveit.

Tue, 03/13/2012 - 09:48 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

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.

Tue, 03/13/2012 - 09:49 | Link to Comment Dr. Engali
Dr. Engali's picture

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.

Tue, 03/13/2012 - 10:18 | Link to Comment Dr. Engali
Dr. Engali's picture

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.

Tue, 03/13/2012 - 11:16 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

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'.

Tue, 03/13/2012 - 10:11 | Link to Comment bugs_
bugs_'s picture

don't forget money laundering.

Tue, 03/13/2012 - 10:21 | Link to Comment Rainman
Rainman's picture

and synthetic opiate sales.

Tue, 03/13/2012 - 10:51 | Link to Comment lizzy36
lizzy36's picture

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.

Tue, 03/13/2012 - 09:49 | Link to Comment Conrad Murray
Conrad Murray's picture

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.

Tue, 03/13/2012 - 09:57 | Link to Comment resurger
resurger's picture

am buying Samsung!

Tue, 03/13/2012 - 09:50 | Link to Comment Shizzmoney
Shizzmoney's picture

iBubble

Tue, 03/13/2012 - 09:51 | Link to Comment Bagbalm
Bagbalm's picture

change the logo to a tulip

Tue, 03/13/2012 - 09:52 | Link to Comment Spastica Rex
Spastica Rex's picture

iTulip

Tue, 03/13/2012 - 09:52 | Link to Comment dwdollar
dwdollar's picture

iGroupthink

Tue, 03/13/2012 - 09:54 | Link to Comment the 300000000th...
the 300000000th percent's picture

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.

Tue, 03/13/2012 - 09:58 | Link to Comment gloogle
gloogle's picture

"data entry"???  What, do you use a card reader still???

Tue, 03/13/2012 - 10:01 | Link to Comment the 300000000th...
the 300000000th percent's picture

You obviously don't have teenagers with cell phones

Tue, 03/13/2012 - 10:25 | Link to Comment aerojet
aerojet's picture

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!

Tue, 03/13/2012 - 09:56 | Link to Comment lizzy36
lizzy36's picture

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

Tue, 03/13/2012 - 09:56 | Link to Comment Dr. Engali
Dr. Engali's picture

imtiredofthebadijokes

Tue, 03/13/2012 - 09:57 | Link to Comment Spastica Rex
Spastica Rex's picture

iGrouch

Tue, 03/13/2012 - 09:58 | Link to Comment Dr. Engali
Dr. Engali's picture

iresemblethatiremark

Tue, 03/13/2012 - 09:56 | Link to Comment The Swedish Chef
The Swedish Chef's picture

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?

Tue, 03/13/2012 - 09:59 | Link to Comment adr
adr's picture

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.

Tue, 03/13/2012 - 10:01 | Link to Comment Nate Taggart
Nate Taggart's picture

No QE = iShort

Tue, 03/13/2012 - 10:04 | Link to Comment Dre4dwolf
Dre4dwolf's picture

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.

Tue, 03/13/2012 - 10:05 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

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...

Tue, 03/13/2012 - 10:06 | Link to Comment peekcrackers
peekcrackers's picture

 Icrapple

"there is no dark side in the moon, really. As a matter of fact it's all dark"

Tue, 03/13/2012 - 10:07 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

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.

Tue, 03/13/2012 - 10:08 | Link to Comment williambanzai7
williambanzai7's picture

14 Big Bills? Johnny Corzine keeps that in his bowling bag...

2012 AN  iODYSSEY

Tue, 03/13/2012 - 10:08 | Link to Comment dwdollar
dwdollar's picture

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

Tue, 03/13/2012 - 10:34 | Link to Comment aerojet
aerojet's picture

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. 

Tue, 03/13/2012 - 10:36 | Link to Comment azzhatter
azzhatter's picture

but....but... they didn't have Steve. He's so cool

Tue, 03/13/2012 - 10:38 | Link to Comment Conrad Murray
Tue, 03/13/2012 - 10:08 | Link to Comment j0nx
j0nx's picture

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.

Tue, 03/13/2012 - 10:25 | Link to Comment The Swedish Chef
The Swedish Chef's picture

Yeah, because the computer YOU bought was made by well payed, ´Merican workers....

Tue, 03/13/2012 - 10:48 | Link to Comment Moneyswirth
Moneyswirth's picture

They're not slaves.  They get paid for their work.  And at prevailing wages for that area.  Why do you hate capitalism so much?

Tue, 03/13/2012 - 11:46 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

http://www.reuters.com/article/2012/01/26/idUS280946626420120126

deplorable working conditions.  if Apple wants to impress me, build it in Detroit.

Tue, 03/13/2012 - 17:18 | Link to Comment Moneyswirth
Moneyswirth's picture

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!

Tue, 03/13/2012 - 20:27 | Link to Comment Carl
Carl's picture

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.

Tue, 03/13/2012 - 10:17 | Link to Comment fuu
fuu's picture

So when they actually get to 2% of all humans owning an iPad will they just take over the world?

Tue, 03/13/2012 - 10:17 | Link to Comment kurzdump
kurzdump's picture

Unites States of Apple. Welcome your new overlords. Siri will do ways better than the Bernank.

Tue, 03/13/2012 - 10:35 | Link to Comment azzhatter
azzhatter's picture

I'm still in Cisco- largest company in the world by market cap.  Oh.....wait...... something's wrong 

Tue, 03/13/2012 - 10:42 | Link to Comment Rathmullan
Rathmullan's picture

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. 

Tue, 03/13/2012 - 10:47 | Link to Comment Moneyswirth
Moneyswirth's picture

iSAppleWorthMoreThanGreece?

Tue, 03/13/2012 - 11:05 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

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..

Wed, 03/14/2012 - 01:55 | Link to Comment prole
prole's picture

you caught me off-guard with "Steve Jobs will be reanimated if need be."

Tue, 03/13/2012 - 11:08 | Link to Comment EuroSovietSerf
EuroSovietSerf's picture

iBubble = iShort... well not yet but its getting closer :-)

Tue, 03/13/2012 - 11:10 | Link to Comment haskelslocal
haskelslocal's picture

Tyler, what is the measure of the retail sector if it doesn't include Apple? Clarification please. 

Tue, 03/13/2012 - 11:21 | Link to Comment GMadScientist
GMadScientist's picture

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.

Tue, 03/13/2012 - 11:24 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

This obviously doesn't include such behemoths as Samsung, not traded on the US exchange.

Tue, 03/13/2012 - 11:39 | Link to Comment DarkStarDog
DarkStarDog's picture

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

Tue, 03/13/2012 - 11:52 | Link to Comment Downtoolong
Downtoolong's picture

In the Brave New World of centralized everything, will there only be one of anything?

Tue, 03/13/2012 - 11:59 | Link to Comment DavidC
DavidC's picture

Given it's got to $561 does that mean it got that extra $14bn today?

DavidC

Tue, 03/13/2012 - 12:10 | Link to Comment ddtuttle
ddtuttle's picture

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.

Tue, 03/13/2012 - 12:12 | Link to Comment crawl
crawl's picture

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.

Tue, 03/13/2012 - 12:36 | Link to Comment data_monkey
data_monkey's picture

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.

Tue, 03/13/2012 - 12:47 | Link to Comment Bastiat
Bastiat's picture

If I were interested in buying AAPL, I'd take a good look at what all that cash is invested in

Tue, 03/13/2012 - 12:54 | Link to Comment Quinvarius
Quinvarius's picture

Everything trades.  That is all I am saying about that straight up chart.

Tue, 03/13/2012 - 13:26 | Link to Comment vh070
vh070's picture

All them hedge funds need to put it somewhere.  

Tue, 03/13/2012 - 13:29 | Link to Comment Lady Heather...UNCLE
Lady Heather...UNCLE's picture

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

Tue, 03/13/2012 - 15:14 | Link to Comment Bunga Bunga
Bunga Bunga's picture

They could buy Sony with their petty cash today.

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