Apple on track to become $2trillion company by December 2020?

Prism

sebtomato said:

george4064 said:

sebtomato said:

Complete bubble.
All those US technology companies now have valuations completely disconnected from the actual economy.

To play devils advocate, some might argue that the economy is disconnected from those US technology companies.

Well, first thing all those people becoming unemployed on tighter budgets are going to cut is upgrading to the latest iPhones and other non-essential gadgets or services.
Therefore, Apple (consumer company) having its market valuation raising currently is completely random and pure speculation, probably because people have nowhere to put their money/invest to...
Alphabet (Google) and Facebook increasing in value, when the ad market is collapsing is again random.
The only company (from the top technology ones) that is truly improving given the economy is Amazon.

The reported numbers for some of those companies from April to June were generally good. Facebooks quarterly profits were still up around 25% even with the lock down. Alphabets profits however were down around 30%. Amazon are up about 40% which is expected. Its hard to say if the stock price movements over this last year are a fair representation of those figures.
Apple is one that doesn't seem to justify its huge price move, except possibly for the fact it was on some measures much cheaper last year. Its profits are up just 9% since the same period last year yet the stock price is up 135%. 

Gadfium

Malkytheheed said:

Bubble is about to massively burst. Whole S&P500 is due a MASSIVE correction. It's coming before June. Mark my words.

Some posts age like fine wine.

This is not one of them.