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Apple (AAPL +2.1%) has become the most valuable company ever traded: its current market cap of...

Apple (AAPL +2.1%) has become the most valuable company ever traded: its current market cap of $620.8B eclipses Microsoft's peak market cap of $618.9B, reached on Dec. 30, 1999. The milestone comes as Apple and Samsung (SSNLF.PK) each propose lengthy verdict forms for jurors presiding over their California trial to fill out. Jurors will have to decide whether each of dozens of devices infringe on an Apple or Samsung patent, with unanimous decisions being needed for a guilty verdict. (earlier)
Comments (23)
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    How dare you compare MSFT back during a BUBBLE to AAPL today. The consumer is in the best shape of his life and will continue spending.

     

    The best comment i heard in a long time was from someone on bloomberg news radio from Wells capital i think where he stated:

     

    The US consumer who is not earning anything in a bank account now is smart enough to know he might as well spend his money then leave it in a non interest bearing account.....i can't remember the words verbatim but it's close enough

     

    Classic.... I wish i had a job that paid probably 500k and i could go on a national radio show and utter garbage
    20 Aug 2012, 02:05 PM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Just saw this on ZH. Don't think it needs any comment...

     

    http://bit.ly/NYfRa4
    20 Aug 2012, 05:44 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (5756) | Send Message
     
    naturally if you compress the scale for the years, it will make a lot of stocks look like that. AAPL has a very low PE so you have to be careful with slight of hand graphs.
    20 Aug 2012, 07:43 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    Beautiful chart
    20 Aug 2012, 11:35 PM Reply Like
  • bbro
    , contributor
    Comments (9302) | Send Message
     
    Know the agenda of your source...
    21 Aug 2012, 02:26 AM Reply Like
  • casselp_2000
    , contributor
    Comments (97) | Send Message
     
    Speculation: Is Samsung likely to produce a "New" set-top TV box by 12/12? Just asking...
    20 Aug 2012, 02:32 PM Reply Like
  • Gary Bushwacher
    , contributor
    Comments (505) | Send Message
     
    This article claims "unanimous decisions being needed for a guilty verdict"

     

    I read on this very SA site that because it's a civil suit, a unanimous decision was NOT required
    20 Aug 2012, 03:36 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (753) | Send Message
     
    From the WSJ article:

     

    "The jurors must be unanimous to determine whether a patent was infringed."
    20 Aug 2012, 03:41 PM Reply Like
  • Rhianni32
    , contributor
    Comments (1995) | Send Message
     
    Gary: By "article" you mean repeated news from another site?
    Way too many people spout off in comments without reading the information they are trying to prove is wrong.
    20 Aug 2012, 04:23 PM Reply Like
  • bbro
    , contributor
    Comments (9302) | Send Message
     
    What was Microsoft's PE at the end of 1999...41??
    20 Aug 2012, 04:12 PM Reply Like
  • Ohdz
    , contributor
    Comments (17) | Send Message
     
    somewhere between 50-70 ( various sources )

     

    http://bit.ly/Se9bJj
    http://bit.ly/OtfwOM
    20 Aug 2012, 04:48 PM Reply Like
  • UncleFred
    , contributor
    Comments (153) | Send Message
     
    With suits and counter-suits flying back and forth between these two tech giants, and with all the separate issues to be decided in these lawsuits, money paid from one company to the other is probably gonna be a wash, and the only ones getting rich at the end of the day are gonna be the lawyers.....as usual.
    20 Aug 2012, 04:14 PM Reply Like
  • DanoX
    , contributor
    Comments (2577) | Send Message
     
    The 7 patents in question will go on the ITC calendar in early 2014, according to Fosspatents.com.
    20 Aug 2012, 04:31 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    What happens if AAPL's earnings drop off substantially?
    20 Aug 2012, 04:47 PM Reply Like
  • mostserene1
    , contributor
    Comments (3330) | Send Message
     
    What if the sun came out at night? Some questions make no sense.
    20 Aug 2012, 06:32 PM Reply Like
  • emburns
    , contributor
    Comments (218) | Send Message
     
    Your comment is the exact reason to exercise caution in AAPL...
    21 Aug 2012, 08:35 AM Reply Like
  • WINTERMUTEv04
    , contributor
    Comments (105) | Send Message
     
    AAPL's forward earnings likely put the PE under 10 imo if tablet sales continue to be adapted so quickly by enterprises.

     

    If the enterprise rate continues to grow three or four times over, and AAPL remains unthreatened, I'd put AAPL's PE around 7 or 8 which would justify at least a $900 stock price. JPM wrote a very good technical piece on this.

     

    I want to add that I don't think AAPL should be worth that much. I think Google, Samsung, Microsoft, and Research In Motion should prevent this and give AAPL significant downside once it approaches $700.

     

    But that hasn't work out that well for me so far, and if those companies fail to threaten AAPL, then AAPL likely is a forward PE under 10 with a share target of $800-900.

     

    iPhone 5 will drive it to $700 but beyond that, it's all about enterprises adopting iPads... and every industry I look at, from banks to restaurants to airlines to nurses, they're adopting iPads like crazy. It's insane. Even universities are now training trades, like nursing students or tourism students, on iPads. Instead of just buying books, the schools give them iPads and then do their degree all on an iPad.

     

    And this is happening is a very rapid rate.

     

    Without business adopting iPads, I think AAPL would flirt with $700 but likely be around 550-650 long-term.

     

    But I really think iPads will become to the new Blackberry.

     

    And that will push AAPL a lot higher if Google and Samsung and RIMM (lol) don't do something new to threaten AAPL. (And I hope they do because I don't personally like AAPL products. But I cannot deny their fundamentals and my forecasts for them.)
    20 Aug 2012, 05:44 PM Reply Like
  • Surfer Steve
    , contributor
    Comments (17) | Send Message
     
    Slow down, tiger. The majority of ipad's I see are being used by the elementary school aged kids in my aspirational pseudo-hip coastal LA neighborhood. My son really likes the ipad from my wife's company, and she finds it absolutely useless for business purposes. I work at one of the market leaders in an industry which you cite as adopting ipad's "like crazy," and nobody in our office, region or business unit has one or is getting one (unless they buy it for their own personal use). Apple is a great company -- a great marketing company. I am old enough to remember when Sony dominated the world, and then in the 90's when every Docker's wearing corporate dork had a Palm Pilot, and then the Blackberry craze, etc. I can already hear the "But Apple is different" smackdowns coming, so try and come up with something marginally more original and substantive.
    20 Aug 2012, 11:07 PM Reply Like
  • WINTERMUTEv04
    , contributor
    Comments (105) | Send Message
     
    i don't think apple is different... i assure you, i'm not a big fan

     

    but the adoption rates are becoming impressive, or at least have strong potential to be impressive if not threatened

     

    just a few sources with actual numbers. i wouldn't of wrote that based on anecdotal observations:

     

    http://bit.ly/QnwI5P
    http://bit.ly/PDk7PK
    http://bloom.bg/zL2K14
    http://bloom.bg/PDk9XI

     

    tried to find a few quick sources, from a few different years to show a trend.
    if you're interested, a quick search can find a lot of similar data.

     

    if even HALF of that comes true, then that's still a huge 'new' source of revenue that is largely untapped and, at this rate, un-threatened.'

     

    not every business has a use for a tablet so 'the next BB' may be too strong.... but there may be other businesses that traditionally weren't dominated by BB (nursing, airlines, service banks) which are indeed adopting iPads at a fast rate. every new bank left and right from Shanghai to Singapore is replacing materials with tablets; nursing and other medical schools are also quickly adopting them

     

    (best quick source i could find; there are more if you want to take 5 minutes : http://bit.ly/PDk9XK)

     

    also note, i don't know what this will do for the stock, for sure. i would think that if it hits a wall in the 600 range, it's enough to push it over 700. but if it would otherwise correct to 450-500, then it would be enough to keep it at 600. and maybe, personally i hope, the new Google tablet will threaten the iPad, and that changes things, too.

     

    i'm just saying, based on all the numbers I've been reading for the last few years, and you're welcome to look into it yourself if you're interested, I think there's a lot of potential here to be adopting for non-personal use. and unless the competitors get their stuff together finally, AAPL is poised to benefit the most from this because their marketshare of both tabelts and enterprised-adopted tablets is a total monopoly at this point -- makes their cellphone marketshare look tiny.
    21 Aug 2012, 05:16 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1090) | Send Message
     
    What's intriguing is that the likely iPhone/iPad mini announcements are still about 3 weeks ago and we're not even close to the holiday shopping season. I was skeptical at some of the price targets for a long time, but I think that Apple will be north of $700 by the time of the announcements, above $800 by the end of the year and pushing $1000 within 12 months. If there is, in fact, an Apple TV and China Mobile comes on board, all bets are off. Today's chart was a thing of beauty.
    20 Aug 2012, 09:47 PM Reply Like
  • dab3z
    , contributor
    Comments (312) | Send Message
     
    China Mobile is the dirty secret nobody talks about anymore. I fully expect them to be on board when the new iPhone is launched in China (early 2014?).
    20 Aug 2012, 09:51 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    I like that it's 100 points higher only a few weeks after it missed; to all the NONinvestors - suck it
    20 Aug 2012, 11:41 PM Reply Like
  • sfphoto
    , contributor
    Comments (666) | Send Message
     
    The patent trial between AAPL and Samsung will be deliberated by the jury this week. A verdict in favor of AAPL will push the stock to the high 600s.
    21 Aug 2012, 06:01 AM Reply Like
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