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Apple Is Now Larger Than...

Tyler Durden's picture




 

The Apple comparisons have come thick and fast but today's Bloomberg Chart-of-the-day really highlights the macro fundamental weakness in Europe and the micro-bubble in corporate America's shiny new toy. Apple's market cap is larger than the combined market cap of companies in Spain, Portugal, and Greece.

 

 

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Wed, 04/11/2012 - 08:50 | 2334088 SheepRevolution
SheepRevolution's picture

"You have owners, they own you!"

 

George Carlin

Wed, 04/11/2012 - 08:56 | 2334104 LongSoupLine
LongSoupLine's picture

+1 just for using a George Carlin quote.

Wed, 04/11/2012 - 09:01 | 2334108 Doña K
Doña K's picture

Largest toy manufacturer ever.

Wed, 04/11/2012 - 09:04 | 2334119 Levadiakos
Levadiakos's picture

I buy cash

Wed, 04/11/2012 - 09:23 | 2334174 johnu1978
johnu1978's picture

Apple will go bust after Best Buy does!

 

-John
Edible Plant Tours - Bushcraft Classes
http://www.heartrootnatureconnection.com

Wed, 04/11/2012 - 09:28 | 2334179 hedgeless_horseman
hedgeless_horseman's picture

 

 

Lt. Dan and Forrest are filthy-fucking rich!

 

Wed, 04/11/2012 - 09:37 | 2334209 francis_sawyer
francis_sawyer's picture

Fruit Companies! I knew it!

Wed, 04/11/2012 - 09:41 | 2334220 Levadiakos
Levadiakos's picture

Is there a sequel? What makes you think they didnt sell when Gil Amelio took over? 

Wed, 04/11/2012 - 10:06 | 2334224 hedgeless_horseman
hedgeless_horseman's picture

 

 

Because Forrest is the poster-child for buy-and-hold.

Mama always said, "Stupid is as stupid does."

Sold?  He probably added to his position.

Wed, 04/11/2012 - 11:38 | 2334611 Gringo Viejo
Gringo Viejo's picture

At this point in time, Lt. Dan and Forrest are bag-holders.

Wed, 04/11/2012 - 09:29 | 2334188 Oh regional Indian
Oh regional Indian's picture

First there was the apple, temptation, Good, Evil, Serpant etc.

Then there was the BIG APPLE, NY NY. Talk about the embodiment of Evil. The good was left coughing in the dust.

Then came the 3rd Apple. APPL. 

It's good (So Gooooood), It's Baaaaaaad (So baaaaad), it'll make you deaf, and take you a few levels down to the mineral kingdom.

It's the triple apple whammy for humanity!

ori

/unedited-stream-of-consciousness/

Wed, 04/11/2012 - 10:34 | 2334404 slaughterer
slaughterer's picture

You forgot "Apple" recordings, founded by the Beatles. 

Wed, 04/11/2012 - 09:05 | 2334126 Clint Liquor
Clint Liquor's picture

George Carlin on "Saving the Planet'.

http://www.youtube.com/watch?v=eScDfYzMEEw

 It's funny because it is true.

Wed, 04/11/2012 - 09:06 | 2334132 knukles
knukles's picture

Back in the '70's (or somewhere long ago in a different civil galaxy far, far away) the market cap of NTT (Nippon Tel & Tel) exceeded the market cap of the entire US equity market.  Or something astonishing like that.
So I said to the head of equities "Paired trade of the century; long S&P 500 short NT&T."  He told me that you bond people should stay under your rocks, never say that to a client, etc., etc., etc.
How'd that work out?

 

Lemme see, the total retuirns of bonds, stocks, gold and NTT over the ensuing drcades has been.....

Wed, 04/11/2012 - 09:26 | 2334180 Sandmann
Sandmann's picture

Hell I remember that,,,,,and when TEPCO had real market value.......now it is a Japanese Treasury Zombie

Wed, 04/11/2012 - 09:05 | 2334123 GeneMarchbanks
GeneMarchbanks's picture

Corporate take-over as scheduled. 'View nations fail and the shaking of a snake tail make due...'

Wed, 04/11/2012 - 09:44 | 2334230 Oh regional Indian
Oh regional Indian's picture

Where is that quote from Gene? Nice ring to it. In a macabre sort of way.

ori

Wed, 04/11/2012 - 10:10 | 2334322 old naughty
Wed, 04/11/2012 - 14:26 | 2335263 PayneNita
PayneNita's picture

my classmate's sister makes $62 hourly on the laptop. She has been unemployed for 5 months but last month her pay check was $13843 just working on the laptop for a few hours. Read more on this web site ....  http://bit.ly/FPPP3j

Wed, 04/11/2012 - 09:05 | 2334129 battle axe
battle axe's picture

Fuck Apple.

Wed, 04/11/2012 - 09:35 | 2334203 TWSceptic
TWSceptic's picture

Fuck jealous wintards

Wed, 04/11/2012 - 14:41 | 2335361 rotagen
rotagen's picture

Gee, ya think apple might be a favorite of the banksters who recently got all that funny money....since that's the only "money" in the market, it might follow.  I'm a freakin genius.

Wed, 04/11/2012 - 08:51 | 2334092 5880
5880's picture

Maybe Apple's 1984 commercial will come to have a different meaning oneday......

Wed, 04/11/2012 - 09:01 | 2334109 slaughterer
slaughterer's picture

... especially when they expand their data mining operations for the benefit of domestic security. 

Wed, 04/11/2012 - 09:09 | 2334140 francis_sawyer
francis_sawyer's picture

I'm still incredibly pleased with my Newton... The weight of it holds fiat paper on my desktop real well...

Wed, 04/11/2012 - 09:20 | 2334168 Comay Mierda
Comay Mierda's picture

iSpy on you through a camera and microphone that are never off

http://www.youtube.com/watch?v=go2GoEMR0Hs

Wed, 04/11/2012 - 09:35 | 2334205 Stoploss
Stoploss's picture

BINGO.. I still have 3gs gen 1. I will never change to forward facing camera. Also put a removeable rubber plug over the back cam "just in case".

Also i discovered yesterday that you cannot block anything incomming or out going from these phones. I was able to get a blocking service for kids from AT&T for an additional 5 frn's per month. Trying it out now.

It's nothing but a spy device. I use it as a personal hotspot when im mobile w/ the lapper, but im going back to an air card.

iWeakness: The way i heard about this is why i think it's iWeakness. It's spreading, and talk of i don't need all this shit anymore is becoming more and more prevelant especially with a youth UE rate of 50+%.

Remember CROX..

Wed, 04/11/2012 - 09:40 | 2334215 TWSceptic
TWSceptic's picture

iPhone will prevent anyone installing anything on your phone because Apple is closed OS. Apple first has to allow this app before it can be installed. The same can not be said about other OS like Android.

So fail to post this in Apple thread.

Wed, 04/11/2012 - 09:49 | 2334243 Comay Mierda
Comay Mierda's picture

soooooo..... you trust AAPL?

http://www.youtube.com/watch?v=mVVo_wf4ROo

Wed, 04/11/2012 - 09:55 | 2334266 CPL
CPL's picture

They would have to clean up that pesky virus that has infected roughly 80% of Apple users and stop biting the hands that are trying to repair their mess.

Wed, 04/11/2012 - 08:53 | 2334097 Abnormal
Abnormal's picture

Olive oil can be preserved longer than apples

Wed, 04/11/2012 - 09:05 | 2334128 Levadiakos
Levadiakos's picture

Priced in AAPL, gold dont look too bad.

Wed, 04/11/2012 - 08:53 | 2334098 AccreditedEYE
AccreditedEYE's picture

Imagine when it gets to 1,000... (rolling my eye)

Wed, 04/11/2012 - 08:55 | 2334100 LongSoupLine
LongSoupLine's picture

...larger than the combined market cap of companies in Spain, Portugal, and Greece.

 

Hmmm, does that include the tear gas, printing machine, and riot gear manufacturing companies?

Wed, 04/11/2012 - 09:02 | 2334115 LawsofPhysics
LawsofPhysics's picture

Great comment, whomever junked you is a coward.  Let me balance that out a bit, plus one.

Wed, 04/11/2012 - 09:11 | 2334144 LongSoupLine
LongSoupLine's picture

this is the risk of any negative comment regarding AAPL.  There are rabid appletrolls everywhere.

Wed, 04/11/2012 - 09:46 | 2334233 knukles
knukles's picture

Same thing with the French.  Say anything bad about the Forggies, those cheese eating unbathed smelly arm pit braiding surrender monkeys an Viol-fuking-A you're sure to get junked.

Couldn't help myself, maniacal giggling

Wed, 04/11/2012 - 08:56 | 2334103 williambanzai7
williambanzai7's picture

If you owned 100% of Apple, the question is would you be willing to trade it for all the companies in Spain, Portugal and Greece?

Wed, 04/11/2012 - 09:02 | 2334116 slaughterer
slaughterer's picture

Still waiting for Direxion to put together that 3X leveraged AAPL bull/bear ETF. 

Wed, 04/11/2012 - 09:04 | 2334121 moonshadow
moonshadow's picture

lol- first i laughed, then i thought about it, then i cudn't decide! a brainteaser! so i opt for... c.) trade it for gold

Wed, 04/11/2012 - 09:37 | 2334213 williambanzai7
williambanzai7's picture

The sign of the times is that the answer to such a preposterous question is not readily apparent.

Wed, 04/11/2012 - 09:11 | 2334146 Everybodys All ...
Everybodys All American's picture

I'd sell both and short the hell out of AAPL.

Wed, 04/11/2012 - 10:13 | 2334334 old naughty
old naughty's picture

WB,

hummmmm...

I am thinking, I am thinking,

hummmmmmmmmmmm.

Wed, 04/11/2012 - 12:14 | 2334743 I am a Man I am...
I am a Man I am Forty's picture

Of course you would currently rather own Apple, this is a no brainer, especially hind site 20/20.  For the past 10 years this isn't even a worthy discussion, I would love to hear an argument of why anyone would want to own the others.  I think we can all agree to throw Greece out of the equation.  Portugal and Spain are financial disasters as well.  I really don't know why anyone would give this a second thought.  Do you want to own a company that makes mind boggling amounts of money or do you want to own countries that are financial disasters that have no way of paying their bills?  

Wed, 04/11/2012 - 08:58 | 2334106 theTribster
theTribster's picture

Typical insanity...

Wed, 04/11/2012 - 09:01 | 2334110 youngman
youngman's picture

A Toy Maker..that is all they are...a toy maker

Wed, 04/11/2012 - 09:04 | 2334117 LawsofPhysics
LawsofPhysics's picture

Precisely, now let's think for a second, when was the last time a toymaker had so much power and facism was at an all time high...

Wed, 04/11/2012 - 09:32 | 2334193 Badabing
Badabing's picture

The United States of Apple

Wed, 04/11/2012 - 09:07 | 2334139 SeverinSlade
SeverinSlade's picture

My wife used some of her own money to buy an iPad from Best Buy...I had been telling her for months how I despised Apple (as their entire business model relies on their loyal following shelling out big amounts of money to acquire a slight upgrade of products they already own) and how the iPad was literally the EXACT same thing as the iPhone (which she already had), except it was bigger and couldn't make phone calls.

My wife opened the box while exiting the store and powered it on.  After two steps out of Best Buy, she stopped dead in her tracks and started laughing.  She looked at me and said, "Oh my fucking god...I thought you were kidding when you said it was the exact same thing as my iPhone."

My wife turned around and returned it.

iAwesome

Wed, 04/11/2012 - 09:24 | 2334176 monopoly
monopoly's picture

U have a smart wife. Kudos.

Wed, 04/11/2012 - 10:00 | 2334293 SeverinSlade
SeverinSlade's picture

It's true, but it didn't start off that way.  When I met her, her idea of investing was dropping $2000 on a pair of Christian Louboutin shoes.

Wed, 04/11/2012 - 09:24 | 2334177 Sandmann
Sandmann's picture

their loyal following shelling out big amounts of money to acquire a slight upgrade of products they already own

 

They learned that trick from their original OEM producer  SONY Corporation  - they spent a fortune on Marketing after changing fascia plates everty 6 months to con punters they had an updated product

Wed, 04/11/2012 - 09:29 | 2334189 williambanzai7
williambanzai7's picture

But for my purposes the small screen sucks. That's why I bought the first iPhone and never bothered upgrading. It still works fine which is more than I can say for the rest of my Motorola, Erickson and Nokia mobile phone junkyard.

Wed, 04/11/2012 - 09:41 | 2334221 LawsofPhysics
LawsofPhysics's picture

That is great.  Does your wife have a sister?  Many stubborn/intelligent women seem threatening to most men, but I think in the end they are great because they may challenge you initially, but they always end up actually thinking about every situation.  The latter can hardly be said of most average sheep today.

Wed, 04/11/2012 - 09:58 | 2334281 SeverinSlade
SeverinSlade's picture

Ha, unfortunately no, she doesn't. 

The wife definitely keeps me in check.

Every time she hears about a raid on gold and silver, she starts calling my cell and asks if we're buying more physical.

I also left ZH open on my laptop one day (the article about rehypothetication) and she not only read it, but understood it...Every fucking bit of it. 

But she's still a woman, and still drives me insane sometimes, haha.

Wed, 04/11/2012 - 10:02 | 2334295 CPL
CPL's picture

Just get a cheap Kobo/Amazon tablet, root/jailbreak it, do the updates for Android and get Dolphin browser with Tor.

 

Secure browsing for under 80 bucks.  Works nicely for my in-laws and parents while they fart around.  Run time Battery life on them is around 14 hours with one of the energy saver apps.

 

I know there are pricy options that are much nicer, but if just wanting to fuck around or get something for kids/parents.  Go cheap and learn how to root first before committing real money to a tablet gadget.

Wed, 04/11/2012 - 09:11 | 2334150 Sudden Debt
Sudden Debt's picture

So is Lockheed...

Wed, 04/11/2012 - 09:16 | 2334159 SeverinSlade
SeverinSlade's picture

Except Apple products don't have the valuable ability to kill thousands of "insurgents"...yet...

iBunkerBuster?

Wed, 04/11/2012 - 09:19 | 2334166 Sudden Debt
Sudden Debt's picture

sure...

http://abcnews.go.com/blogs/technology/2011/11/iphone-4-explodes-midflight-on-australian-airline/

it all starts small...

AND BEFORE YOU KNOW IT THEY LEVEL COUNTRIES!!

Wed, 04/11/2012 - 09:03 | 2334118 SeverinSlade
SeverinSlade's picture

iBubble anyone?

Wed, 04/11/2012 - 09:04 | 2334120 dereksatkinson
dereksatkinson's picture

Bullish

Wed, 04/11/2012 - 09:04 | 2334122 monkeyboy
monkeyboy's picture

HOw much stock did Jobs hold before his death?

Wed, 04/11/2012 - 09:15 | 2334157 GMadScientist
GMadScientist's picture

"Jobs owned 138 million Disney shares, valued yesterday at $4.74 billion, and 5.55 million Apple shares worth $2.05 billion, according to filings."

They've appreciated by ~$1B since then.

 

Wed, 04/11/2012 - 09:04 | 2334130 SheepDog-One
SheepDog-One's picture

Oh right, so in other words if Apple stock ever falls it will be bailed out by the IMF.

Wed, 04/11/2012 - 09:05 | 2334131 WoodMizer
WoodMizer's picture

let them eat iPads

Wed, 04/11/2012 - 09:05 | 2334133 zonetraders
zonetraders's picture

german bond failure will trigger eur rally

 

http://capital3x.com/trades/short-term-bond-charts/

Wed, 04/11/2012 - 09:06 | 2334134 casey13
casey13's picture

Maybe not just yet but soon they will be a great short play. 

Wed, 04/11/2012 - 09:44 | 2334135 Sudden Debt
Sudden Debt's picture

It's pretty logical actually.... because you can't play Angry Birds with olives... or goats...

 at least... not without creating a mess....

 

Have you ever seen a flying goat? :

 www.youtube.com/watch?v=u5cg4beuFDE

Wed, 04/11/2012 - 09:06 | 2334138 Levadiakos
Levadiakos's picture

The ease of manipulation of the entire equity market by use of AAPL isamazing.

Wed, 04/11/2012 - 09:10 | 2334145 mckee
mckee's picture

Or just as appropriate; Greece, Spain and Portugal are now smaller than....

 

i.e. the early worm gets eaten by the bird.

Wed, 04/11/2012 - 09:11 | 2334149 Bartironomics
Bartironomics's picture

Apple should top out at $666 give another $10 or so to take out stops.

Wed, 04/11/2012 - 09:14 | 2334155 yogibear
yogibear's picture

The kingdom of Apple will rule the world. Foxconn's employment practices will be the model corporations use around the world.

Apple's goal is the entity in it's 1984 commercial.

 

http://www.youtube.com/watch?v=OYecfV3ubP8

 

Wed, 04/11/2012 - 09:17 | 2334162 icanhasbailout
icanhasbailout's picture

Yo Apple so fat, when it gets on the scale it says "to be continued"

Wed, 04/11/2012 - 09:19 | 2334165 Crispy
Crispy's picture

Yeah, this is gonna end well...hahah

Wed, 04/11/2012 - 09:23 | 2334171 Sandmann
Sandmann's picture

Is Apple a Dot.com Bubble or is that simply Instagram or maybe Facebook ?

Is Greenspan an Adviser to Bernanke ? I have a feeling I have seen this movie before and I felt really sick afterwards.......

 

Wed, 04/11/2012 - 09:27 | 2334173 Byte Me
Byte Me's picture

Any news on the Apple bid fof MSFT yet??

 

(Never let a good bubble go to waste, etc.)

Wed, 04/11/2012 - 09:27 | 2334182 Stuck on Zero
Stuck on Zero's picture

Real happiness is talking to a friend on an iPhone while making additions to your Facbook page!

 

Not!

Wed, 04/11/2012 - 09:27 | 2334185 monopoly
monopoly's picture

My daughter works full time for AAPL. Thank goodness. She actually has a job, but at 1990 pay. I asked her if I should upgrade to the new I pad and how much better it is than my current one. She advised "except for the picture, there is very little difference. Don't spend the money. And same with the TV, no big deal." And she drinks the cool aid a little bit.

Smart kid. Buyng nada.

Wed, 04/11/2012 - 09:36 | 2334197 williambanzai7
williambanzai7's picture

I've seen one, it only makes a big difference with high resolution photography. If your work involves lots of high resolution photography the difference is substantial.

I'm not upgrading because I like film grain.

The iPhone 5 is said to involve a very big redesign and lots of people will probably upgrade if what I am reading is correct.

Wed, 04/11/2012 - 09:44 | 2334228 I am a Man I am...
I am a Man I am Forty's picture

I just bought the iPhone 4s because my droid incredible broke (didn't care for it anyway) and like it much better, it's an awesome phone.  was gonna wait for 5 but had to get rid of the incredible, too many software glitches.

Wed, 04/11/2012 - 10:00 | 2334287 FedBunny
FedBunny's picture

I had the identical issue. The HTC Incredible became unusable because of software issues. In theory, much better than iPhones; in practice, a disaster. Got the 4s and miss the customizability of Android, but like having a phone that doesn't reboot itself all the time and occasionally heats up to the point of third-degree burns.

Minus Steve, all that is going to end. Dolts at Apple will miss the little things, like the form factor of the iPhone (and the HTC Incredible for that matter), that makes it so it fit snuggly in the coin pocket of standard Levi's jeans (the kind that Steve wore). The placement of the power switch on the right-hand side of the phone (vs. the left on the Incredible), which makes it easy to operate with your thumb when held, and is another way Steve got it right. No doubt the Apple engineers made their contributions, but without their chief architect the company will eventually lose its way in the woods. 

Wed, 04/11/2012 - 10:42 | 2334431 Buckaroo Banzai
Buckaroo Banzai's picture

Putting it in the coin pocket! Ingenious!

Wed, 04/11/2012 - 09:46 | 2334236 LawsofPhysics
LawsofPhysics's picture

I would agree with the article if wages were also at least keeping up with inflation.  They are not.

Wed, 04/11/2012 - 09:33 | 2334199 AmazingLarry
AmazingLarry's picture

Still can't make a watch that keeps time. Time to count all your wealth, of course.

 

 

Wed, 04/11/2012 - 09:40 | 2334217 I am a Man I am...
I am a Man I am Forty's picture

wine, port, and cruise ships will only get you so much

Wed, 04/11/2012 - 09:48 | 2334240 Vince Clortho
Vince Clortho's picture

First Apple Commercial in 1984.

Stock Value approaching 666.

hmmmm ..................

Wed, 04/11/2012 - 10:31 | 2334396 SheepDog-One
SheepDog-One's picture

Cost of the first Apple? $666...thats right.

Wed, 04/11/2012 - 09:55 | 2334270 YesWeKahn
YesWeKahn's picture

Forest gump will soon sell fruit company and buy meat company (PIiGS)

Wed, 04/11/2012 - 10:29 | 2334389 Lost Wages
Lost Wages's picture

Since China can't bail out Europe, Apple will.

Wed, 04/11/2012 - 10:40 | 2334424 JOPANC
JOPANC's picture

I can't wait until they start buying countries.

 

iGreece?

Wed, 04/11/2012 - 11:32 | 2334590 forrestdweller
forrestdweller's picture

this is not a useful comparison. it is not useful to compare the value of a company (the value of the stocks) with the gnp of a country (the earnings of the populations in one year). it is of course nice for the spectacular numbers. but useful? no.

Wed, 04/11/2012 - 13:20 | 2334979 NotApplicable
NotApplicable's picture

Your mom.

Wed, 04/11/2012 - 14:27 | 2335266 forrestdweller
forrestdweller's picture

please try that in an arab country.

Sun, 05/13/2012 - 23:30 | 2422700 qiongqiong
qiongqiong's picture

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