Apple were also the 1st company to reach a $1T market valuation in 2018:<p><a href="https://www.washingtonpost.com/business/economy/apple-is-the-first-1-trillion-company-in-history/2018/08/02/ea3e7a02-9599-11e8-a679-b09212fb69c2_story.html" rel="nofollow">https://www.washingtonpost.com/business/economy/apple-is-the...</a><p>Seems Saudi Aramco beat them to it for the 1st $2T company in 2019:<p><a href="https://www.cnn.com/2019/12/12/investing/saudi-aramco-2-trillion/index.html" rel="nofollow">https://www.cnn.com/2019/12/12/investing/saudi-aramco-2-tril...</a>
They must put the capital to work in building the replacement for Shenzhen/Guangdong or they’re going to fall as soon as investors realize the risk of them being subject to “sudden death.” (This is not the same thing as the 40 years of doom that were predicted for them.) How realistic is it that America allows Apple to continue sourcing there while it is assisting the people of Taiwan in their evacuation? At the same time, China may disrupt Apple supply once it finds Apple is financing the obsolescence of its tech zone, though they risk a lot of civil unrest if they do. Likewise, Apple probably needs some assurances that if they yield that supply chain, the vacuum will not be filled by competitors —meaning new Western regulation and whatever infrastructure they contribute to will be held in common and accessible to competitors according to investment (which is also not ideal for Apple domination, but the alternative is continued shadow of sudden death due to politics/regulation). In any case, it’s no longer an appropriate investment for many of the funds holding it.<p><a href="https://video.foxbusiness.com/v/6289823383001" rel="nofollow">https://video.foxbusiness.com/v/6289823383001</a>
This is a duplicate of <a href="https://news.ycombinator.com/item?id=29784670" rel="nofollow">https://news.ycombinator.com/item?id=29784670</a>
Meanwhile the people who are making iPhone are working in abhorrent conditions. [1] Apple has huge margins and is hording ridiculous amounts of cash. There is zero reasons for this. Shame on all of us for letting this go on.<p><a href="https://www.reuters.com/world/india/women-force-change-indian-iphone-plant-sick-bad-food-crowded-dorms-2021-12-30/" rel="nofollow">https://www.reuters.com/world/india/women-force-change-india...</a>