Quoted from iceman44:78 million Iphones were sold in the last quarter.
They make more profit on NON iphone hardware sales than Facebook and Google combined. i.e. Services Revenue
The price/earnings ratio is CHEAP.
2017 marks the 10th anniversary of the iphone and the OLED super cycle upgrade in September.
They will either buy Disney or create another animation behemoth themselves.
They will either buy Tesla (hopefully not) or create another Tesla themselves.
They have 246 BILLION in cash on hand. Most of which is sitting overseas until tax reform will allow repatriation of much of those funds to the USA where it can be used to create even more jobs, productivity, dividends, share buybacks, etc.....
Warren Buffet tripled his position in Apple stock last quarter from 1.5 Billion.
Apple, the ecosystem and the stock are a once in a lifetime opportunity.
Don't like it? It just keeps growing and its a USA company. Versus Samsung, which i like their TV's, I'll support all day long.
I don't know. This makes me think they have grown too big and aren't the same company that created the iphone.
I've been reading about RCA's history and how before 1970 they were selling some of the best tech and developing some pretty amazing stuff. Then there was a change in leadership and they changed from being a tech company to a conglomerate. They started buying companies not associated with what they were known for and closed their computer division. In fifteen years they were sold and today only their name is left.
Apple needs to be mindful of what got them to this lofty place. If they worry about stockholders...