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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 | 2250071 Falkor
Falkor's picture

Was expecting some from you on this.

Tue, 03/13/2012 - 10:02 | 2250168 spiral_eyes
spiral_eyes's picture

can't be a bubble, right?

Tue, 03/13/2012 - 10:10 | 2250195 HoofHearted
HoofHearted's picture

Welcome to the United States of Apple.

Tue, 03/13/2012 - 10:22 | 2250243 goldfish1
goldfish1's picture

Eclipses the entire retail clothing sector? Difficult to comprehend.

Tue, 03/13/2012 - 11:39 | 2250533 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 | 2250692 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 | 2250740 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 | 2250828 TheFourthStooge-ing
TheFourthStooge-ing's picture

Fuck off, spammer!

 

Tue, 03/13/2012 - 09:43 | 2250073 GeneMarchbanks
GeneMarchbanks's picture

iUSA! iUSA! iUSA!

Tue, 03/13/2012 - 09:43 | 2250075 Eclipse89
Eclipse89's picture

iPowaaaa!!

Tue, 03/13/2012 - 10:41 | 2250311 prains
prains's picture

iNeedmorecashtobuygreece

Tue, 03/13/2012 - 09:45 | 2250079 zilverreiger
zilverreiger's picture

get out and get physical gold on the dip

Tue, 03/13/2012 - 09:49 | 2250081 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 | 2250132 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 | 2250186 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 | 2250308 Conrad Murray
Conrad Murray's picture

Brazzers to merge with Apple?

Tue, 03/13/2012 - 10:44 | 2250322 Clamdigger
Clamdigger's picture

Welcome to BangPhone!

Tue, 03/13/2012 - 15:49 | 2251531 Sokhmate
Sokhmate's picture

AAPL keeps all the onionBooty.

Tue, 03/13/2012 - 11:35 | 2250519 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 | 2250611 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 | 2250613 LowProfile
LowProfile's picture

 

BTW, Apple just hit 560, GOT APPLE??

Seriously?

Tue, 03/13/2012 - 09:46 | 2250088 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 | 2250090 LongSoupLine
LongSoupLine's picture

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

Tue, 03/13/2012 - 09:46 | 2250091 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 | 2250094 resurger
resurger's picture

i find apple very cheap

/s

Tue, 03/13/2012 - 10:01 | 2250162 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 | 2250582 Bay of Pigs
Bay of Pigs's picture

Remarkably robust

Tue, 03/13/2012 - 09:47 | 2250095 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 | 2250127 resurger
resurger's picture

all fear etf's are attractive,

Tue, 03/13/2012 - 10:22 | 2250241 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 | 2250096 Stoploss
Stoploss's picture

iCantbelieveit.

Tue, 03/13/2012 - 09:48 | 2250100 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 | 2250102 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 | 2250227 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 | 2250452 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 | 2250198 bugs_
bugs_'s picture

don't forget money laundering.

Tue, 03/13/2012 - 10:21 | 2250237 Rainman
Rainman's picture

and synthetic opiate sales.

Tue, 03/13/2012 - 10:51 | 2250349 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 | 2250107 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 | 2250136 resurger
resurger's picture

am buying Samsung!

Tue, 03/13/2012 - 09:50 | 2250108 Shizzmoney
Shizzmoney's picture

iBubble

Tue, 03/13/2012 - 09:51 | 2250111 Bagbalm
Bagbalm's picture

change the logo to a tulip

Tue, 03/13/2012 - 09:52 | 2250115 Spastica Rex
Spastica Rex's picture

iTulip

Tue, 03/13/2012 - 09:52 | 2250116 dwdollar
dwdollar's picture

iGroupthink

Tue, 03/13/2012 - 09:54 | 2250122 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 | 2250146 gloogle
gloogle's picture

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

Tue, 03/13/2012 - 10:01 | 2250163 the 300000000th...
the 300000000th percent's picture

You obviously don't have teenagers with cell phones

Tue, 03/13/2012 - 10:25 | 2250254 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 | 2250130 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 | 2250131 Dr. Engali
Dr. Engali's picture

imtiredofthebadijokes

Tue, 03/13/2012 - 09:57 | 2250137 Spastica Rex
Spastica Rex's picture

iGrouch

Tue, 03/13/2012 - 09:58 | 2250144 Dr. Engali
Dr. Engali's picture

iresemblethatiremark

Tue, 03/13/2012 - 09:56 | 2250134 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 | 2250152 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 | 2250159 Nate Taggart
Nate Taggart's picture

No QE = iShort

Tue, 03/13/2012 - 10:04 | 2250160 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 | 2250164 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 | 2250180 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 | 2250182 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 | 2250185 williambanzai7
williambanzai7's picture

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

2012 AN  iODYSSEY

Tue, 03/13/2012 - 10:08 | 2250187 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 | 2250275 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 | 2250292 azzhatter
azzhatter's picture

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

Tue, 03/13/2012 - 10:38 | 2250299 Conrad Murray
Tue, 03/13/2012 - 10:08 | 2250189 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 | 2250256 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 | 2250339 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 | 2250561 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 | 2251953 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 | 2252452 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 | 2250217 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 | 2250224 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 | 2250283 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 | 2250313 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 | 2250332 Moneyswirth
Moneyswirth's picture

iSAppleWorthMoreThanGreece?

Tue, 03/13/2012 - 11:05 | 2250401 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 | 2253127 prole
prole's picture

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

Tue, 03/13/2012 - 11:08 | 2250424 EuroSovietSerf
EuroSovietSerf's picture

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

Tue, 03/13/2012 - 11:10 | 2250429 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 | 2250471 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 | 2250481 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 | 2250531 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 | 2250576 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 | 2250589 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 | 2250617 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 | 2250623 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 | 2250693 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 | 2250747 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 | 2250777 Quinvarius
Quinvarius's picture

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

Tue, 03/13/2012 - 13:26 | 2250889 vh070
vh070's picture

All them hedge funds need to put it somewhere.  

Tue, 03/13/2012 - 13:29 | 2250902 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 | 2251363 Bunga Bunga
Bunga Bunga's picture

They could buy Sony with their petty cash today.

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