4 ms·
Apple Just Became a $5T Company
- Traster 3mo agoIf you look at Apple's market cap on a graph, you would think Steve Jobs was holding Apple back... Alternatively, if you looked Apple's market cap on a graph you would think covid absolutely exploded the stock market and it's never recovered since. Their P/E has basically gone from 15 to 35 since 2020 and never come back down.
- acestus5 3mo agoApple is more valluable than apples. all of them
- kderbyma 3mo agoThis is just evidence of a broken detached USD....overprinted and becoming worthless and yet...money is gravitational and even as it loses value and becomes worthless it remains sticky and icky and the dirtiest places continue to get nasty filthy
- jfengel 3mo agoIf this were because of the dollar, then everything would inflate the same way. The US is experiencing inflation, but nowhere near to this degree. American inflation right now is driven largely by the increase in oil prices, which figure into most other products. I'm not trying to claim that everything is fine with the US economy (it isn't) or that Apple's price makes any sense (it doesn't). I just think that you're trying to use one event to justify something you already believe, and they're not connected.
- kderbyma 3mo agoI disagree....everything is massively inflated over the past decade and i would ask you to point to aomething that has maintained 2% inflation??? Anything?
- jfengel 3mo agoYou can go to the BLS data and see what has gone up, what has gone down, and what has changed about the calculaton. https://www.bls.gov/cpi/data.htm https://www.bls.gov/cpi/data.htm