Apple First Company in History to Reach 1Trillion Market Cap Valuation

I know nothing about stocks. Less than nothing actually. You didn't need to be a brain trust to know that Apple was going to be a winner. All you needed was a modicum of understanding on human psychology and the ability, through experience, of being able to recognize high-quality products from a true visionary.

It was so obvious to so many people the day the Mac launched, that it's hard to understand how everyone didn't see it.

There will still be losers bad-mouthing Apple when it becomes the world's first 2 trillion $$ company. They'll be talking about glue, non-expandability, obscene prices and fanboys. lol

The main reason was because Musk apologized to an analyst on a conference call.

#Fake News

How would a surfboard NOT be the perfect Apple product? You get to glue the layers together, no reason to upgrade, they can charge whatever they want and that segment of the market that will pay anything to own the best surfboard ever made will gladly pay it, and that segment gets to be called Apple fan boys. Sheer brilliance!

It doesn't take a marketing genius to figure this shit out.

Apple's main growth is in ''services,' people.

A beneath-the-surface look at Apple's services and other-products segments shows how both catalysts are still benefiting from significant momentum.

In its fourth quarter of fiscal 2017, services and other products revenue was up 34% and 36%, respectively. That was up sharply from 22% and 23% year-over-year growth for the two segments in Q3. But this momentum appeared to end in Apple's first quarter of fiscal 2018, when the company reported year-over-year revenue growth for services and other products of 18% and 36%.

These first-quarter growth rates, however, fail to take into account the impact of Apple's shorter first quarter in fiscal 2018. During Apple's first-quarter earnings call, CFO Luca Maestri was careful to point out how different services revenue growth would have looked had the quarter included the same number of weeks as the year-ago quarter.

"Turning to services, we had a terrific quarter, with revenue of $8.5 billion, up 18% year over year, and up 27% in terms of average revenue per week," Maestri explained.

Further, it's worth noting that Apple's fourth-quarter year-over-year services growth rate of 34% was overstated because of a favorable one-time adjustment during the quarter of $640 million. Excluding this one-time adjustment, fourth-quarter services revenue would have increased 24% year over year. That's why Maestria also noted that 27% year-over-year growth for services revenue in Q1 was "an acceleration to the 24% services growth run rate that we experienced in the September quarter."

After accounting for these adjustments, Apple's services revenue growth would have accelerated in each of the previous three quarters. Meanwhile, Apple's recent acceleration in other-products revenue would have been particularly pronounced.

###

APPLE IS DEAD!!! There's no limit to the depths people will go to embarrass themselves by calling attention to their complete lack of knowledge on topics they can't resist opining about. It's simply laughable. Unfortunately, it's the same, old song.