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Apple is the first publicly listed company to hit the trillion dollar mark

it's the iPhone wot won it

Apple is worth a trillion dollars (or 767 billion pounds, but that doesn't quite have the same ring to it). They're the first publicly listed company to reach that target.

What it means: Apple was founded in 1976, with a mission of making computers 'cheap, small, and simple'. For a while, it didn't go very well - Jobs was forced out in 1985, and in 1997 the company was on the brink of shutting down.

The short history of what happened next is that they brought Jobs back in, invented the iPhone, and made billions. The company's value has increased by 50,000% since they started selling shares, compared to an average increase of 2,000% among the US' top 500 companies over the same time period.

CEO Tim Cook, who took over after Steve Jobs passed away, is credited for a lot of the company's business success: he was responsible for managing the company's relationship with Chinese manufacturers, allowing them to produce on a much larger and cheaper scale.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?