What does it mean that a company is worth $4T? (and I’m not talking about market cap)
It means that above and beyond the sum of Apple’s assets is a giant balloon of funny money backed by the full faith and credit of the greater idiot. Tesla has a big pustuous boil full of money too, and bitcoin is nothing else. I sure hope they don’t pop.
Apple has over $100B in cash. They have patents, contracts, data centers, subscriptions, products, established market, consistent sales, etc. There would have to be a drastic change to the world for that to evaporate.
Sure, some of the value is speculation on how they will do in the future but not nearly to the extent of Tesla’s valuation. Apple has ~4x the revenue of Tesla and ~2.5x the market cap.
What does it mean that a company is worth $4T? (and I’m not talking about market cap)
It means that above and beyond the sum of Apple’s assets is a giant balloon of funny money backed by the full faith and credit of the greater idiot. Tesla has a big pustuous boil full of money too, and bitcoin is nothing else. I sure hope they don’t pop.
Apple has over $100B in cash. They have patents, contracts, data centers, subscriptions, products, established market, consistent sales, etc. There would have to be a drastic change to the world for that to evaporate.
Sure, some of the value is speculation on how they will do in the future but not nearly to the extent of Tesla’s valuation. Apple has ~4x the revenue of Tesla and ~2.5x the market cap.