Apple Becomes Most Valuable Publicly-Traded Stock Ever

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Aug 20, 2012.

  1. macrumors bot

    MacRumors

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    #1
    [​IMG]


    Milestones for Apple's stock are falling rapidly in recent days, with another strong performance today pushing Apple past Microsoft for the title of most valuable publicly-trade stock ever, a distinction Microsoft has held since December 1999.

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    Microsoft's market capitalization peaked on December 30, 1999, reaching an intraday high of $119.94 per share. With Microsoft having documented 5,160,024,593 outstanding shares as of October 31, 1999 in its quarterly earnings report, the company would have had a market capitalization of $618.89 billion on December 30.

    Apple's most recent quarterly filing listed 937,406,000 outstanding shares as of July 13, 2012, and with the company's stock price hitting $660.73 today, its market capitalization reached $619.37 billion.

    While Apple now holds the all-time market capitalization record in terms of raw numbers, accounting for inflation would still allow Microsoft to retain the title by a fairly wide margin. In inflation-adjusted terms, Microsoft's $618.89 market capitalization in December 1999 would be equivalent to roughly $842.5 billion in today's dollars.

    Apple's market capitalization title is also subject to several other caveats, perhaps most notably being PetroChina's trillion dollar market cap it achieved when it launched for trading on the Shanghai stock exchange in 2007. That figure comes with its own qualifications, however, as PetroChina is a government-dominated firm that saw only 2% of its shares being made available on the Shanghai exchange. Trading in PetroChina shares on the Hong Kong exchange and American depositary receipts on the New York Stock Exchange never supported the trillion dollar valuation the company received on the Shanghai exchange.

    Update: Apple's stock closed at $665.15 today, giving the company a market capitalization of $623.5 billion.

    Article Link: Apple Becomes Most Valuable Publicly-Traded Stock Ever
     
  2. macrumors 68000

    nepalisherpa

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    #2
    I wish I could go back in time and buy a bunch of Apple's stocks! :(
     
  3. macrumors 68020

    iBreatheApple

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    Florida
    #3
    Congrats Apple! :apple:
     
  4. macrumors 6502a

    Joined:
    Nov 15, 2009
    #4
    One big bubble ready to burst.
     
  5. macrumors 68020

    bbeagle

    Joined:
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    Location:
    Buffalo, NY
    #5
    .... but but but that's because ummm.... there is no Android stock on the stock market, and ummmm... because if there was, Apple stock would probably be like NEGATIVE 660 in value instead of positive 600. Yep, that's the ticket... and it's all fanboy sheep who buy the stock anyways, and there will be a crash and correction soon, and... and.... :rolleyes:
     
  6. macrumors 6502a

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    Location:
    Lake George, NY
    #6
    Too bad Steve didn't make it to see this day. I'm sure he'd be beaming with pride. One hell of a success story. :apple:
     
  7. macrumors Core

    miles01110

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    #7
    Practical value of this news story: none. Like every other stock milestone announcement.
     
  8. macrumors 603

    chrmjenkins

    Joined:
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    CA
    #8
    It's mind boggling to think that, at the time, Microsoft was almost exclusively a software company and its most well received OSes of late, XP and Windows 7, hadn't even been launched. We're talking Windows 98 and 98 SE here :eek:

    The practical value of nearly every story on here is 0. It's a rumors site, not a gardening how-to site.
     
  9. macrumors G4

    Small White Car

    Joined:
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    Location:
    Washington DC
    #9
    Yes, the actual inflation-adjusted Microsoft milestone is the real :eek: part of this article. Mind-boggling stuff.
     
  10. macrumors 6502

    Joined:
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    Location:
    Lansing, MI
    #10
    I think everyone can agree! :D
     
  11. macrumors 6502

    Joined:
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    Location:
    New York
    #11
    got in at $11.21:) but only have 50 shares left:(
     
  12. macrumors 68020

    applesith

    Joined:
    Jun 11, 2007
    #12
    Awesome Apple!

    Here we go with all the "if only i bought/i want a time machine". We've all heard all of it!
     
  13. macrumors 603

    chrmjenkins

    Joined:
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    CA
    #13
    Shucks, you only have $33,020.50 in apple stock, a 5891% return on investment.
     
  14. macrumors newbie

    Joined:
    Mar 19, 2010
    #14
    I bought last week. Already made enough for a new iphone and plan for a year. Thinking about shorting after the announcement.
     
  15. macrumors 6502

    Colpeas

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    Prague, Czech Rep.
    #15
    Yep, high time to sell.
     
  16. macrumors 68020

    pgiguere1

    Joined:
    May 28, 2009
    Location:
    Montreal, Canada
    #16
    :eek:

    I was afraid it might have been already too late when I bought stocks at $373 last year, I'm glad I did now! :cool:
     
  17. macrumors 68040

    Glideslope

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    Dec 7, 2007
    Location:
    NY
    #17
    It's no Bubble Johnny. " The Assimilation Continues". ;)
     
  18. macrumors 68020

    Joined:
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    Ohio
    #18
    First World Wall Street Problems :p
     
  19. macrumors 6502

    Joined:
    Jul 23, 2012
    #19
    You mean to tell me that apples 8 billon dollars of profit WASN'T a sign that they were failing. ;)

    Go Apple! And go me! Lol
     
  20. macrumors 6502

    Joined:
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    Upper Mid West
    #20
    i wonder how relative strength of the economy in 2012 compares to 1999
     
  21. macrumors 68030

    zorinlynx

    Joined:
    May 31, 2007
    Location:
    Florida, USA
    #21
    S-.. sSssss... Ssssell. Sell... I dunno.

    I'm getting nervous that this might be a bubble. I got in around $320, with a few additional buy-ins along the way. How long can this really keep up? It feels like a bubble.

    I'd be pissed off if I sold it all, only for it to get to $700, then $800.... I guess that's the nature of investing though.
     
  22. macrumors 6502a

    Joined:
    Nov 15, 2009
    #22
    Yet its these comments that normally prove a bubble is here.
     
  23. macrumors regular

    Joined:
    Apr 12, 2007
    #23
    Enjoy the tax's if you sell it that fast. :cool:
     
  24. Z400Racer37, Aug 20, 2012
    Last edited: Aug 20, 2012

    macrumors 6502

    Joined:
    Feb 7, 2011
    #24
    Apple has less than 10% market share in every single one of their major revenue streams (spare their shrinking iPod line). ipods hit about 70% market share. microsoft hit 95% market share in OS's. theres no reason why apple cant hit at least 70% in all of their markets, since they're the only ones who are excellent at software/device integration/innovation/curation. add a tv to the mix, theyll edge out competition that much more surely. <10% market share, should be no reason not to hit at least 70%. that's 7x higher than the stock is now.
     
  25. macrumors P6

    IJ Reilly

    Joined:
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    Palookaville
    #25
    True, but this was also during the tech stock bubble, when a lot of companies with no actual products let alone any intrinsic value were racking up huge market caps. Microsoft was making money during this time period, and lots of it. It's also worth keeping in mind that Microsoft's fortunes have never really been tied to releasing new versions of Windows. With the PC market essentially captured, their success was a function of growing PC sales, and that was happening in spades during the late '90s.
     

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