{"id":30898,"date":"2018-08-03T11:15:05","date_gmt":"2018-08-03T05:45:05","guid":{"rendered":"http:\/\/officechai.com\/?p=30898"},"modified":"2018-08-04T12:29:42","modified_gmt":"2018-08-04T06:59:42","slug":"apple-magazine-covers-detractors","status":"publish","type":"post","link":"https:\/\/officechai.com\/stories\/apple-magazine-covers-detractors\/","title":{"rendered":"As Apple Becomes The First Trillion Dollar Company, Here Are 6 Magazine Covers That Predicted Its Fall"},"content":{"rendered":"

Late last night, Apple created history by becoming the first American company to reach a valuation of $1 trillion. It can be hard to wrap your head around the number — it’s 1 followed by 12 zeros, and is equal to Rs. 68 lakh crore. Apple is now valued at more than Boeing, Airbus, and every airline in the world combined. It’s valued more than all major automakers in the world put together. And its market cap is worth more than the GDPs of Turkey and the Netherlands.<\/span><\/p>\n

But even as Apple has become the most valuable company in history, it hasn’t been short of detractors — it’s been written off more times than it would care to remember. There have been predictions of its doom, and dire warnings that its story will finally unravel. Here are 6 magazine covers and press releases that predicted Apple’s demise through its epic 40-year-long journey. Apple, of course, lived to tell the tale.<\/span><\/p>\n

1.When Apple was first going public, its stock was deemed so risky that its sale was banned by the US state of Massachusetts. “The Apple stock falls short of several provisions aimed at weeding out (companies) that don’t have solid earnings foundations,” said a news report published on 12th December 1980. “I don’t think (Apple’s stock) will explode,” a broker had bleakly noted. As it turns out, Apple did explode — had someone purchased Apple’s stock in 1980, they’d now be sitting pretty with gains of over 30,000 percent.<\/span><\/p>\n

\n

As Apple passes $1 trillion, you may recall that in 1980, Massachusetts barred sales of the IPO, deeming them too risky. pic.twitter.com\/w3AjVPyhbu<\/a><\/p>\n

— CNBC's Fast Money (@CNBCFastMoney) August 2, 2018<\/a><\/p><\/blockquote>\n