The original trillion-dollar company was made in China

Hey Apple, congrats on the big $1T! So the original trillion-dollar company was made in China
– PetroChina’s market cap hit $1.1T in 2007
– By the end-2008 it had lost $800b
– That was the biggest destruction of shareholder wealth in history (feel better $FB?) #lifecomesatyoufast

twitter.com/HaidiLun/status/1025220455349682176

 

“Here are the last two companies that first reached market cap milestones – $IBM ($100b) and $MSFT ($500b). Careful what you wish for,” h/t @sentimentrader

68% of the revenue of $AAPL is tied to one product: the iPhone, and its all mfg in China, as Trump escalates trade war w/ Beijing

We are primarily funded by readers. Please subscribe and donate to support us!

twitter.com/StockBoardAsset/status/1025156948239572992

Apple is the first trillion dollar company. The decline in share count is responsible for 42% of the stock’s gain from the end of 2013 (this is a direct byproduct of cheap credit, which has encouraged these share buybacks):

twitter.com/TheBubbleBubble/status/1025088105580310529

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.