And nVidia just reached $5 trillion value
Sometimes I feel we should be writing these numbers out fully. That’s something worth $4,000,000,000,000 that’s not paying anything substantial to improve your life. If they paid $400M in taxes they’d still be worth about $4T.
You did the thing you just complained about by not writing out 400,000,000 (400M) in relation to the 4,000,000,000,000 (4T)
To scale that down, it’s like someone paying 400 from a net worth of 4,000,000 (4M), or 4 from a net worth of 40,000, they would barely even notice. Of course that’s ignoring all the details of revenue and profit vs net worth or actual tax rates, and I can’t be bothered to look those up.
But imagine you own some land and a house that you bought for 4,000,000 (4M) that you have to pay property taxes on, and the taxes were 400 per year. That’s a 0.01% tax rate.Shit, now I actually want to know what the real numbers are. according to Finbox “Apple’s effective tax rate for fiscal years ending September 2020 to 2024 averaged 16.5%.” although I think that’s specifically income tax.
Per macrotrends, apple profited 180,600,000,000 in 2024, from 391,035,000,000 revenue, a profit margin of ~45%, from which they payed 29,749,000,000 in taxes for an effective tax rate of 16.5% on the income.
Relative to net worth valuation of ~3,800,000,000,000 at end of 2024 that income tax paid is 0.75% of their net worth.
Okay, now split into at least 4 different companies and compete with each other - if we want the illusion of a free market and competition to exist in the minds of those living under capitalism.
And yet Apple TV has the worst interface of any streaming platform and that’s saying something Amazon’s is also terrible.
Netflix new TV UI where you can only see 4 things at once even on a big screen TV is awful. And then, those same titles keep appearing in the new rows as you scroll down, so you aren’t even seeing 4 new things with each down press, you see repeats after repeats.
I feel like Prime is way more terrible.
Actually came across a useful thing the other day… if you go back 20-30s because you missed something (because you didn’t have CC on), when it restarts it will add captions for 20s.
If you have Chromecast you can disable all the recommended/ads and just have the dashboard show the apps you want.
Remember back when Apple’s achievements revolved around making great products?
The iPod was genuinely dope in first and second generation.
Really all of the “classics”. No way apple would have ever dreamed of putting 2Tb of storage in your music player but you can do it because they didn’t specifically make it impossible like they would now.
True, but the size of those early generations it’s easier to fit a standard size SSD in.
Reminder that many companies bent the knee to the Nazis because it was financially beneficial for them at the time.
I heard Apple products taste like boots.
All the apple and tesla fanboys that still support then should be ashamed of themselves. By making excuses, you are enabling them to do what they do.
I mean, I don’t disagree, but Google is just as awful and most people only really have a choice between an Android phone and an iPhone so not “supporting” one or the other isn’t really an option for most people who, you know, want a phone.
Linux phones need a lot of improvement and growth before they can be a functional replacement for either of those, sadly.
The open source community could really shove it to Apple and Google by figuring that out.
Last I recall, a lot of mobile hardware requires proprietary firmware and drivers that make OSS work here really difficult.
And then there’s fabrication. Where are you going to build your components and assemble the products?
There is smaller companies creating phones, if they would have the option of an mature open source os, I’m sure companies like fair phone or shift phone would make the switch.
Yet 42 million people need food stamps to not starve to death
$4,000,000,000,000÷4,000,000 = $1,000,000 literally we could turn all starving people into millionaires if we could live without an iPhone. I guess technically we would have to move the people in those fields to production or logistics or whatever but since the US creates 130 billion extra meals a year I don’t actually think we would have to.
Remember when it was viewed as not appropriate to write stories about Apple’s tax dodging because Tim Cook came out as gay, and how important and brave he was.
Remember that Apple, and specifically Tim Cook, has bent over for Trump over and over, including helping fund his bullshit ass ballroom?
Maybe we should accept that absurdly rich gay white men can be just as big of shitbirds as absurdly rich straight white men and just as willing to sell out their own countrymen and their own sexual identity community.
No wonder he is so full of shit all the time!
Dude needs to be dicked down hard till post nut clarity smacks him in the face so hard he begins to realise he is supposed to be human.
I aint volunteering. Maybe some apple fan boi will do the deed.Thiel is gay- and ranting about the anti Christ.
It’s amazing how he thinks money will save him from being lined up against a wall with other gay people and shot by his current allies
As a gay, F all billionaires. Even the gay ones. They are not for the people.
Billionaire transcends all other identities.
A trans billionaire (if it was ever allowed to happen) would be a shitbird by default.
I didn’t even know he was gay.
Still, fuck him. Whenever somebody is doing something evil nothing should be used as an excuse. Similarly, Israel should not be allowed to commit genocide, because someone in the past committed genocide on Jews.
Tax dodging is stealing from us (using benefits of the society without contributing back), sending bribes and bending a knee is helping fascism to take over.
That’s honestly a bit surprising, the media went whole hog with accolades for him in 2014 when he first openly talked and wrote about being gay.
https://www.theguardian.com/technology/2014/oct/30/apple-chief-tim-cook-proud-to-be-gay
Seems not that long ago that it was a huge deal they where heading to $1T
Even crazier that they are valued at $4T when they haven’t done anything to push the business further, at least not worthy of a 300% increase in stock value.
Yeah it wasn’t that long ago that 1t was a big deal. I guess that’s what inflation buys you.
The first trillion is the hardest I guess.
Well, Apple was the first company to $1T and only the third to $4T, so maybe not?
This is dystopian. Death to capitalism.
Taxing every billionaire and corporation 90% would give every American 400,000 dollars a year…
Just saying
even 50% would be significant.
That’s optimistic.
In reality ot would make the people who control the government VERY rich.
They’re lobbying so people don’t have any other choice
It’s not as impressive when they’ve already crossed the 1, 2, 3 trillion marks.
Call me when they hit 1 quadrillion dollars market cap.
