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Apple Briefly Ranked as Most Valuable Company in the World

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MacRumors

macrumors bot
Original poster
Apr 12, 2001
63,557
30,887



Apple, Inc. is now the most valuable public company in the world as measured by market capitalization. Apple's market cap briefly passed ExxonMobil today, reaching $341.55 billion in valuation. ExxonMobil was valued at $341.42 billion.

Apple didn't pass ExxonMobil by rocketing up in price, however. It merely hasn't fallen as far during the current market downturn. Both AAPL and XOM are significantly off their highs as the overall markets have dropped over the past couple weeks.

Apple's stock is trading at $368.40, off 8% from its all-time high of $404 - but ExxonMobil has fallen farther, down 20% to $70.21 from just over $88.

Article Link: Apple Briefly Ranked as Most Valuable Company in the World
 
Article Link
https://www.macrumors.com/2011/08/09/apple-now-ranks-as-most-valuable-company-in-the-world/
Last edited by a moderator:
hobo.hopkins

hobo.hopkins

macrumors 6502a
Jul 30, 2008
569
6
Pretty impressive, especially given the state of the company a little more than a decade ago.
 
delonh92

delonh92

macrumors member
Feb 2, 2011
51
0
Liverpool NY
if you would have asked me 10 yrs ago, were would you see apple in ten yrs. I would have said gone. Congrats you guys deserve it.:)
 
Atlantico

Atlantico

macrumors 6502
May 3, 2011
477
172
BCN
Well, I'd say congratulations, but ... I guess I don't care. I liked Apple when it was "tiny" and almost dying - I can't say that it has improved much as a company by growing so much.

Still no Blu-ray support for instance. :confused:
 
W

World Citizen

macrumors regular
Feb 21, 2011
168
1
Beer

I just opened a beer for this! Thanks for allowing me to drink a cold one on a work day Apple!...

Here's one for you Steve.. come and pick it up.

/s
 
W

winston1236

macrumors 68000
Dec 13, 2010
1,902
319
Atlantico said:
Well, I'd say congratulations, but ... I guess I don't care. I liked Apple when it was "tiny" and almost dying - I can't say that it has improved much as a company by growing so much.

Still no Blu-ray support for instance. :confused:
Click to expand...

True, I would prefer a mouse redesign personally. Something for people without oven mitt hands
 
F

FrHa

macrumors member
Jul 14, 2011
59
0
Atlantico said:
Well, I'd say congratulations, but ... I guess I don't care. I liked Apple when it was "tiny" and almost dying - I can't say that it has improved much as a company by growing so much.

Still no Blu-ray support for instance. :confused:
Click to expand...

I think the reason you preferred it then is because most people didn't own Apple products then, and when owning one then, you felt more special than you do today. This is similar to the RayBan Wayfarer glasses. I remember owning these ten years ago feeling unique, but now they're so mainstream, I've gone off them :rolleyes:
 
rdowns

rdowns

macrumors Penryn
Jul 11, 2003
27,397
12,521
Poor title. Should read something like, Apple Briefly Surpasses ExxonMobile as the Largest US Publicly Traded Company.
 
K

KOZOK

macrumors member
May 2, 2011
65
0
Amazing only in that exxonmobil actually does something useful whereas apple makes toys.
 
840quadra

840quadra

Moderator
Staff member
Feb 1, 2005
9,256
5,968
Twin Cities Minnesota
Congrats to Apple for this achievement. Hopefully they can continue to scale, while keeping a level head. Seeing companies grow, get more power, and become omnipotent (in their own eyes) is getting old these days.
 
nylonsteel

nylonsteel

macrumors 68000
Nov 5, 2010
1,552
491
troop231 said:
Congrats Apple! Who would've thought this in the Sculley era?! :p
Click to expand...

ahh scully

brings to minds steve's remarks about bringing scully aboard
"..what can i say...i hired the wrong guy..."

but also liked scully's remark about the line steve used to recruit scully

"..do you want to sell surgared water the rest of your life..."
 
G

gpat

macrumors 68000
Mar 1, 2011
1,871
5,041
Italy
Time to buy DELL, set every building ablaze and give back the money to shareholders.
 
GenesisST

GenesisST

macrumors 68000
Jan 23, 2006
1,802
1,055
Where I live
winston1236 said:
:apple:>oil
Click to expand...

I think not... How did you get you :apple: stuff?
- Parts of it are made from oil
- Building process needs oil
- Shipping it to you or the store needs oil
- You picking it up at the apple store needs oil
- Your car
- Your mom's car
- The city bus
- The grease on your bike
- etc

It's great for Apple (really), but market valuablabla is really just made up numbers in the end based on the way the market works (I have little clue on the actual details).

So in the end, without oil, there would be no Apple. As there wouldn't be much anything without natural resources.

But still, great for Apple!
 
G

gpat

macrumors 68000
Mar 1, 2011
1,871
5,041
Italy
GenesisST said:
I think not... How did you get you :apple: stuff?
- Parts of it are made from oil
- Building process needs oil
- Shipping it to you or the store needs oil
- You picking it up at the apple store needs oil
- Your car
- Your mom's car
- The city bus
- The grease on your bike
- etc

It's great for Apple (really), but market valuablabla is really just made up numbers in the end based on the way the market works (I have little clue on the actual details).

So in the end, without oil, there would be no Apple. As there wouldn't be much anything without natural resources.

But still, great for Apple!
Click to expand...

It also goes the other way around. Without technological appliances and means of transport, there would be little need for oil.
 
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