What's the surprise here? At $0, I'm worth more than Greece right now.
I'm not a hardcore gamer. I'm not a casual gamer. I'm a gamer.
What's the surprise here? At $0, I'm worth more than Greece right now.
I'm not a hardcore gamer. I'm not a casual gamer. I'm a gamer.
| disolitude said: Man, looking at this Microsoft is seriously undervalued right now compared to some of its peers on a P/E or FCF basis... |
I don't agree Microsoft is undervalued. Its P/E of 10 is about on par with other slow-growth stocks like Exxon. Their core business of Windows sales is stagnating (Windows licensing has fallen short of expectations for the last year or so).
Apple's price is high but is still undervalued: its P/E has been stuck at 15 even though it continues to grow at a ridiculously fast rate. Compare that to Amazon's P/E of 100.
| green_sky said: Truly mind blowing what this company has done both financially and shaping modern consumer and design culture. In 96' it was around three months away from going bankrupt or atleast in a really bad position. Just finished reading Steve Jobs biography. It is quite a story showcasing many thing which are part of our daily life. Whether one is apple user or not. Personally i've only used Iphone as other products i find quite a bit expensive. |
Don't know why that would be in Steve Jobs autobiography as he has nearly nothing to do with Apple's success today.


| Heavenly_King said: If I buy an iMac; I will install windows on it. Apple´s OSs, are so simple that want to do everything for you, and I hate that; it is like of it was trying to make you dumb on purpose. I hate Apple gadgets. |
so you dont like going into terminal and modding the OS, i love doing that in OSX, (id agree the gadgets are locked down) in a lot of ways you can do more to OSX than windows, just not game yet... which is why i keep a boot camp partition, work in OSX, game on windows
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theprof00 said:
Don't know why that would be in Steve Jobs autobiography as he has nearly nothing to do with Apple's success today. |
Steve Jobs has had nearly nothing to do with Apple's success today? That's a crock. The first thing he did when he returned to Apple waskill dead end products and the company's confusing Performa Mac lineup. He gave the company a sense of focus by having only a few products made instead of many. Instead of having a million Macs with numbers on the end to indentify which was which, he opted to have the consumer mac and the high end Mac, that's it. That was in contrast to Gil Amilio's philosophy of having the company create as many products as possible. He then had the entire company board resign, the same board who led Apple to fail in the first place and replaced them with competent people. Then, he helped influence the company's marketing in a way where he had both consumers and Apple employees believe in Apple again. Over the years, Steve had personal involvement in just about everything Apple worked on down to the design of the product and the marketing of the product. He also came up with with the concept of the Apple Store and focused on every little detail, even the glass staircase in the store and the type of flore some stores would have.
http://www.nytimes.com/interactive/2011/08/24/technology/steve-jobs-patents.html
http://www.ifoapplestore.com/stores/glass_staircase.html
I don't know of a single CEO besides Steve Jobs who spent much of his time and energy on just about every detail of everything that is Apple, from the products, the packing of the products, what materials they were made out of, the marketing behind the products, and the stores that sold the products. So to say that he had nearly nothing to do with the company's success would be to ignore all of this. If anything, he's the very reason Apple still exists today. His drive for Zen-like simplicity is also the reason Apple is the way they are now and the reason why they are not the messy company that Sony has become.
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To be fair, he's right a lot of Apple's products are insanely over priced for the tech they have inside. But same goes for Alienware. Still they're good products. Stating something is overpriced if it is overpriced shouldn't constitute trolling.
Apple devices are pretty good but way to pricey... I have friends with ipads and iphones and the devices have outstanding quality but the price seems to high... Also used a Windows Phone and it looks better than Iphone to me but never used others tablets so Ipad is probably the best option right now.
The way that he word it, was wrong but i completely agree the apples products are so overpriced these days. Not only that all of there customers, to me feel like there brainwashed into thinking at every other product on the market are complete crap and aren't worth a thing.
Apple products are good but as good as people say they are, and that in itself drives me up the beeping wall.
| BasilZero said: Apple's market cap is higher than the gross domestic product of Greece, Austria, Argentina, or South Africa. (For more comparisons, check out this excellent blog: Things Apple is Worth More Than.) |
I am not saying that Apple isn't insanely valuable, but your comparison is WAAAAY off.. These two comparisons represeent two very different things. GDP is the amount of revenue actually spent on the domestic market. Market Cap is the value of current stock based on multiplying the current buying price by the current volume.
In other words - GDP does not equal the value in the same way that market cap does not equal revenue. A more valid comparison would be comparing the total revenue of Apple to the GDP of Greece. The actual value of Greece is very likely in the trillions.
So, for example, someone who was crazy and had 400 billion, if everyone sold to him at the current buying price, then he could buy 100% of Apple for 400 billion. On the other hand, simply because the Greeks spent 400 billion last year, does not mean that the price of purchasing ALL OF Greece would be 400 billion dollars.
To illustrate: The average house in Athens Greece costs the equivalent of nearly 400,000 USD$, and the population of Athens is 3.7 million. So if you say there are about 1 million homes in Athens - for For 400 billion USD, you could buy all of the homes of Athens - but this is a very distant accomplishment than purchasing 100% of Athens (let alone all of Greece) - you haven't even bought mineral rights, historic sites, public buildings, all of the commercial businesses and their properties, all of the industry of athens, all of the banks, etc....
In other words, Apple is not worth anywhere near the value of Greece.
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