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iBubble: Apple's Market Cap Is Now The Same As The Entire Retail Sector, Bigger Than All The Semis

Tyler Durden's picture


This is simply stunning: one company, which has two flagship products, has a bigger market cap than the entire Semiconductor space, and is just shy of the entire S&P Retail sector.

The 216 hedge funds in the name as of December 31 is hopelessly stale. We are certain that by now this number is at least 250, if not 300.



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Tue, 02/28/2012 - 15:51 | 2205185 monopoly
monopoly's picture

Agree, but you still cannot short this market with Gusto. Shorts do not work unless you are in a Vegas mood and just pull the slot handle to see if you pick a winner.

The entire market is broken, not just AAPL and a few others. Outside of a few miners I will not trade this market. Just keep increasing my stash.

Gold at 1,800 makes a lot more sense to me then DOW 13,000.

Tue, 02/28/2012 - 15:50 | 2205187 Cone of Uncertainty
Cone of Uncertainty's picture

That Reggie dude sure fucked this one up didn't he?

Tue, 02/28/2012 - 15:50 | 2205189 ziggy59
ziggy59's picture

iNsane.. No bubble... Bubbles are for kids. And other noninflationary items like oil, food, gold, etc

Tue, 02/28/2012 - 15:50 | 2205192 iraskin
iraskin's picture

juggalo, I did put my money where my mouth is, and I'm $100K  down this year already. the problem is that there is an isqueeze because there is weak margin and ipeople got too much cash and no fear. until ipeople like you come to senses, we will live in ibubble when central banks borrow money against you and me.


Tue, 02/28/2012 - 15:54 | 2205210 juggalo1
juggalo1's picture

I have no position in it, but I'm not the one making a post.  I commend you for having the courage of your convictions, and being honest enough to speak about it.

Tue, 02/28/2012 - 15:51 | 2205195 TooRichtoCare
TooRichtoCare's picture

i love how they had Steve Jobs up in the "people who left us this year" montage at the Oscars...and by 'love' I mean, I found it incredulous.

I mean, seriously?

These liberal leftie elites are so transparent in their fawning...

OK, so he was a hip & cool guy and we all love his products but, let's be honest,  he was not the first person who actually invented ANY of them, and quite often just took a good idea and re-packaged it, and marketed it in a "stick your nose up at the establshment" kind of way, and yet he was really no different than many other ruthless & driven CEOs.

Bu the main point is, regardless of whether you like him or not,  what the fondue does he have to do with the movies? If a billionaire CEO of a financial company were to kick the bucket there's pretty much ZERO chance of getting included in the tributes alongside greats like Liz Taylor or Paul Newman.  

That, in and of itself, is a sign of how "bubble-ish" this stock is getting!!

Tue, 02/28/2012 - 15:56 | 2205196 pashley1411
pashley1411's picture

I can call the top on this one.

A tech guy from Stanford claims that he is the 2nd reincarnation Steve Jobs, is channeling the next generation of AI-phones/vibrators.   The phone calls you (subscription) and seduces you into using it (another subscription).

Various witches confirm the channeling.   Obama declares that medicaid will pay for it, as long as the phone is reusable for landfill.

Best of all is that you can pass the purchase price onto your children.


Tue, 02/28/2012 - 15:52 | 2205202 Alchemist1
Alchemist1's picture

looks like all these hedgies have been right

Tue, 02/28/2012 - 16:01 | 2205245 Tyler Durden
Tyler Durden's picture

Here's a trivia question for you - what is this a chart of?





Tue, 02/28/2012 - 16:26 | 2205360 RichardENixon
RichardENixon's picture

Looks like a chart of the cellulite in my ex wife's ass.

Tue, 02/28/2012 - 16:41 | 2205429 LouisDega
LouisDega's picture

i Barf

Tue, 02/28/2012 - 16:28 | 2205368 Alchemist1
Alchemist1's picture

Tyler, you been re-posting that AAPPL is a "hedge fund hotel" ever since the stock hit 250.. more than 110% later you are still at it.. so what that it's a popular name in HF space.. these guys clearly have a thesis which has been working trmendously well.. you got no thesis other than "look all these guys own it".. whats the point?

Tue, 02/28/2012 - 16:40 | 2205418 RichardENixon
RichardENixon's picture

I think his point is that it might be a bit overpriced, but that's just a wild guess

Tue, 02/28/2012 - 17:15 | 2205612 Village Smithy
Village Smithy's picture

The point is if all these guys do is follow the herd and buy AAPL then what real service are they providing for their 2 and 20.

Tue, 02/28/2012 - 17:34 | 2205702 Alchemist1
Alchemist1's picture

if they buy the right asset and hit a jackpot - why not? The point is not to buy some small cap unknown name that no one else has and make money on it - the point is to make money whether your investment vehcile is unique or not..

Tue, 02/28/2012 - 16:38 | 2205399 haskelslocal
haskelslocal's picture


Funny, but the donks on CNBC were covinering the largest housin ETF yesterday and the 2nd and 4th largest holdings were mattress companies. Home Depot and Lowes didn't crack the top 10.

Tue, 02/28/2012 - 17:16 | 2205619 Village Smithy
Village Smithy's picture

Consumer debt.

Tue, 02/28/2012 - 17:31 | 2205690 RopeADope
RopeADope's picture

It looks like the increase in global social welfare payments, a.k.a. funding source for Apple products with a negative ROI to consumer.


It also looks like the % of corrupt data caused by a malfunction when a database is not maintained, prior to failback that is.

Tue, 02/28/2012 - 17:34 | 2205706 Alchemist1
Alchemist1's picture

by that logic - Gold is a bubble

Tue, 02/28/2012 - 18:05 | 2205848 RopeADope
RopeADope's picture

Logic fail there bud. You are assuming the units of measurement are real.

Tue, 02/28/2012 - 18:41 | 2205976 DavidC
DavidC's picture

NO! Look at the charts!


Tue, 02/28/2012 - 18:39 | 2205966 DavidC
DavidC's picture

You're priceless sometimes!


Tue, 02/28/2012 - 15:56 | 2205221 iraskin
iraskin's picture

Looks like Verizon, AT&T, Vodafone, and Partner GSM need to step up their game and recognize that what was innovative over time becomes commodity, and then margins will put Ireality back to planet earth.

Tue, 02/28/2012 - 15:58 | 2205230 Cone of Uncertainty
Cone of Uncertainty's picture

People have been yelling peak EPS, peak EPS, for Apple for quarter after quarter, yet all the bears got ass raped sideways trying to stop this fucking freight train.

In the future we won't even talk about stocks, since the market will = APPLE and only APPLE.


Tue, 02/28/2012 - 15:59 | 2205236 iraskin
iraskin's picture

If anyone can get balls together and put together a better marketing game open source Androids to Cell phone providers, the hamburger zombie business is over.

Tue, 02/28/2012 - 16:00 | 2205241 RobotTrader
RobotTrader's picture

Local schools in L.A. are dumping textbooks and buying iPads for all students at $600 apiece.


Tue, 02/28/2012 - 16:03 | 2205255 tocointhephrase
tocointhephrase's picture

The Daily Breeze. iRead iBelieve iSpewShit

Tue, 02/28/2012 - 16:03 | 2205258 monopoly
monopoly's picture

I believe it Robot, and this is a state that is insolvent and cannot find the money to balance their budget. Might as well go all out. End result is the same.

Tue, 02/28/2012 - 16:07 | 2205272 YesWeKahn
YesWeKahn's picture

I wonder who pays for them.

Tue, 02/28/2012 - 16:16 | 2205304 Buckaroo Banzai
Buckaroo Banzai's picture

When LA declares bankruptcy, you'll know the answer-- just look in the mirror.

Tue, 02/28/2012 - 16:44 | 2205445 LouisDega
LouisDega's picture

I guess we will see i to i

Tue, 02/28/2012 - 16:18 | 2205318 Moneyswirth
Moneyswirth's picture

Isn't iCallifornia in iDebt up to their iFuckin iBalls? 

Where do they get the iLuxury of such iHubris?  iPikers...

Tue, 02/28/2012 - 17:15 | 2205614 stirners_ghost
stirners_ghost's picture

Apple invading the public school system in the 80's was a brilliant strategic move. The student loan bubble and AAPL price are now hand in hand

Tue, 02/28/2012 - 18:44 | 2205986 DavidC
DavidC's picture


Great, you'll have people unable to write.


Tue, 02/28/2012 - 16:00 | 2205244 iraskin
iraskin's picture

HTML 5 converges mobile and computer browser, which ends the need for app store and snake store is history!

Tue, 02/28/2012 - 16:02 | 2205246 azengrcat
azengrcat's picture

1. Fadware

2. Spyware

3. Bloatware

4. Thiefcap

5. Fraudcap


Tue, 02/28/2012 - 16:05 | 2205264 zerozulu
zerozulu's picture

Very sad. It means collapsed-America is a stroke away from Chinese industrial law amendment.

Tue, 02/28/2012 - 16:06 | 2205266 iraskin
iraskin's picture

Tim Cock is not gonna drive this space ship too far, it has to fall as soon as $VIX triggers $compq! IBernank and IDraghi cant have this compression for more than another iweek.

Tue, 02/28/2012 - 16:14 | 2205299 luna_man
luna_man's picture



Can you say...DESPERATION??

Tue, 02/28/2012 - 16:24 | 2205337 swanpoint
swanpoint's picture

250 puts look good (jan 19 '13)

Tue, 02/28/2012 - 16:32 | 2205388 slaughterer
slaughterer's picture

250?  So what's the catalyst?

Tue, 02/28/2012 - 16:26 | 2205355 VelvetHog
VelvetHog's picture

My wife won an iPad 2 in a contest.  I wouldn't even look in its general direction for fear I would smash it.  After playing around with it for a while I have to say the thing is slick!  We even Skyped with her family in England through it.  Not a glitch.


Market Cap of a cool T? ( bwaahahahahah!!!!!!!!! )

Tue, 02/28/2012 - 16:55 | 2205524 DavidC
DavidC's picture

A friend of mine bought an iPad at the end of last year and showed it to me. Great for photos, music, video - in other words anything that is a non-fruitful use of time. I got bored with it after ten minutes and won't buy one.


Tue, 02/28/2012 - 16:30 | 2205379 FROZENOJFUTURES

reminder on that sustainable comic:



Tue, 02/28/2012 - 16:31 | 2205385 DarthVaderMentor
DarthVaderMentor's picture

Time to sell AAPL

Tue, 02/28/2012 - 16:45 | 2205451 Lore
Lore's picture

Agreed. It was fun. Give it about another 1-2 weeks, and then...............................

Tue, 02/28/2012 - 16:40 | 2205421 Dr. Engali
Dr. Engali's picture

I know how to pop the ibubble.....I'll just go long. I'm telling all of my Hedge friends first so you know to go short.

Tue, 02/28/2012 - 16:42 | 2205432 Rastadamus
Rastadamus's picture

Short the shit out of Apple.

Tue, 02/28/2012 - 16:51 | 2205502 balz
balz's picture

The market can stay irrational longer than you can stay solvent. -John Maynard Keynes

Tue, 02/28/2012 - 16:56 | 2205533 DavidC
DavidC's picture

It's been behaving that way since March 2009 - 3 years long enough?


Tue, 02/28/2012 - 16:52 | 2205506 DavidC
DavidC's picture

See my comment below, it looks like a blow out.


Tue, 02/28/2012 - 16:49 | 2205484 bobola
bobola's picture

The famous 2005 super bowl ad Apple ran, with the 1884 theme is true to life.

The mind conditioned sheeple masses march in lockstep.

Jobs won.


Tue, 02/28/2012 - 16:50 | 2205491 SRVDisciple
SRVDisciple's picture

Just think how big they'd be if they made stuff for guys!

Tue, 02/28/2012 - 16:50 | 2205494 rbhatia613
rbhatia613's picture

Wait so what's the angle here? That apples good at doing what they do? 


Criticizing Apple for Foxconn: Okay. Criticizing Apple because they're really good at marketing: not so much


Tue, 02/28/2012 - 16:51 | 2205499 DavidC
DavidC's picture

Looking at the weekly chart of Apple, it looks very similar to Gold in the early 80s when it had its blow out - Apple, look out below.


Tue, 02/28/2012 - 16:52 | 2205509 Alex Kintner
Alex Kintner's picture

Pearls Before Swine get ignored.
Apples Before Swine get eaten.

Tue, 02/28/2012 - 16:58 | 2205537 DavidC
DavidC's picture

Hooray! JUST made $535! Time to short!


Tue, 02/28/2012 - 17:04 | 2205562 surf0766
surf0766's picture

Nothing matters now. Dow 13 K.

Greek hope rally 401 queued up

Tue, 02/28/2012 - 17:04 | 2205566 iraskin
iraskin's picture

Ok SO this is the name of the game: "parabolic". I dont feel like calling the top althought just put the fucking bollinger and you will see why icock cliff.

Tue, 02/28/2012 - 17:06 | 2205576 John Law Lives
John Law Lives's picture

"Apps for Apes: Orangutans using iPads to paint and video chat with other apes"

By Eric Pfeiffer | The Sideshow – 3 hrs ago


Talk about market penetration...

Tue, 02/28/2012 - 17:09 | 2205594 YesWeKahn
YesWeKahn's picture

For those who wants to short AAPL: Apple projected P/E is only 11.

It is going up 10$ daily, but it's only 2%. It could go up like that until it reaches 1 trillion market cap, its p/e is still only 20.

Tue, 02/28/2012 - 18:54 | 2206027 DavidC
DavidC's picture

If a non-dividend paying stock that has produced as much as Apple has can only manage a projected P/E of 11 I think I'll stay clear of it, thank you very much.

Incidentally, Apple has a median NAV per share of around $106. A big difference between that and the current share price!


Tue, 02/28/2012 - 17:11 | 2205600 iraskin
iraskin's picture

This is last week of Icocksuckers hedge hotel. Icock has exceeded upper bolinger range on monthly distribution. No more. It's last week, last month, and it may be getting blow job from hedge funds for another few days at most before it cums on their face.

Tue, 02/28/2012 - 17:15 | 2205611 iraskin
iraskin's picture

Apple current valuation is based P/E is 15 YesWeKahn, and projected requires selling lots of ITV's. They already priced $100 Billion for TV's. The company is worth Sony, Samsung, Verizon, and AT&T combined under current valuation. Somehow Mr. Jobs was able to convince service providers to share their revenue with him, and thats what caused elite whorehouse instead of Fair Market Value!

Tue, 02/28/2012 - 18:28 | 2205921 Widowmaker
Widowmaker's picture

You say "somehow" like it was with cheap Chinese shit and zero longevity behind their mobile product line. 

They closed that deal because they were NOT every other competitor in mobile space.

You should listen to yo mama, good shit sells!

Tue, 02/28/2012 - 17:17 | 2205621 iraskin
iraskin's picture

Rest assured, Chinese will end slavery to Icock before it reaches a trillion.

Tue, 02/28/2012 - 17:21 | 2205640 iraskin
iraskin's picture

There is a reason why ISDA is scheduled for March 1st to make Greek yogurt default a credit event. That event is well positioned in calendar around VIX which will be decompressed that day, and blame the 300 for market crash.

Tue, 02/28/2012 - 17:24 | 2205660 yogibear
yogibear's picture

Now the consuming herd has to buy the I-Pad 3.  Wait for the long lines out the Apple stores for days to buy the I-Pad 3.  Seems like a chance for Apple to reap more profit by raising the prices significantly.

Tue, 02/28/2012 - 17:45 | 2205751 Lednbrass
Lednbrass's picture

The only stock? Please. That wont happen until the announcement that iGizmos have electrolytes.

Tue, 02/28/2012 - 17:49 | 2205769 BaggerDon
BaggerDon's picture

Can anyone answer the question, has anyone ever paid the full price of an appl iphone or ipad, and when the telecoms tire of subsidizing this shell of a company, how will appl replace those sales numbers or margins?  Or it that when they start buying back stock?? 

Tue, 02/28/2012 - 18:23 | 2205910 Widowmaker
Widowmaker's picture

Reggie?  Is that you behind the Tyler mask, today?

AAPL to $625 (at least!) been saying it over a year.

They are THE consolidation of a vast swath of the tech-industry.

My crystal ball says they acquire NFLX or HULU next.

Tue, 02/28/2012 - 18:32 | 2205947 Bunga Bunga
Bunga Bunga's picture

Where has our "sustainable" Keynesian P.K. gone?

Tue, 02/28/2012 - 18:36 | 2205960 ElixirMixer
ElixirMixer's picture

Only 40% of large-cap funds own Apple among their top 10 positions. These funds underperformed the Russell 1000 by 60 basis points ytd.

Tue, 02/28/2012 - 18:37 | 2205961 Tom Terrific
Tom Terrific's picture

I keep telling my wife that her iPad doesn't go between her legs, but she doesn't listen.


Tue, 02/28/2012 - 18:53 | 2206023 Alex Kintner
Alex Kintner's picture

Perhaps the ringer is set on Vibrate.

Tue, 02/28/2012 - 21:04 | 2206354 mliu_01
mliu_01's picture

Maybe she is doing video chat with her friend.

Tue, 02/28/2012 - 21:01 | 2206347 mliu_01
mliu_01's picture

We are going to see more chinese kidneies come into US market.

Tue, 02/28/2012 - 21:03 | 2206348 mliu_01
mliu_01's picture

Is there a way to sell my last kidney? I need iFony 5 4s.

Tue, 02/28/2012 - 22:04 | 2206497 Bertie Wooster
Bertie Wooster's picture

...and the dopey arguments against Apple-- one of the few honest companies we have in the US-- continues.

ZeroHedge is starting to equal ZeroThought if this is the best you can do.

Also, I bet each and every one of the Tylers owns an Apple product, if not 3.

Cuz there's just not enough evil banks, Halliburtons, and other crooks to write about?

Wed, 02/29/2012 - 05:15 | 2207125 Homo Erectus
Homo Erectus's picture

People queuing to buy the iPop but I have no interest. Let me know when the iBurst is released though.

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