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They hit trillion dollar market cap in 2018, not 2008. In 08-10 the accounting for iPhone sales (GAAP? I don't recall the details, just regurgitating what I re
by macintux 5y ago
They hit trillion dollar market cap in 2018, not 2008.
In 08-10 the accounting for iPhone sales (GAAP? I don't recall the details, just regurgitating what I read at the time, had something to do with the way the devices were subsidized) seems to have not yet made it obvious how much money Apple was printing. I knew from following people much smarter than me that I should be investing all my money in Apple stocks, I just didn't have any to invest.
- MBCook 5y agoYou are 100% right. I had to look up when Apple became $1 trillion company and yet somehow I typed the wrong number. The iPhone 3GS took off quite well, but I’m not sure it was really clear to people just how big of a juggernaut it was until the iPhone 4, especially when it came to Verizon.