Apple Closes As The Most Valuable Company In the World

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Aug 10, 2011.

  1. macrumors bot

    MacRumors

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    #1
    [​IMG]


    Apple passed ExxonMobil as the most-valuable publicly traded company several times yesterday, but ExxonMobil ended the day ahead of Apple. Both companies' stock prices were down today, but XOM fell quite a bit farther, making Apple the most valuable public company in the world.

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    Apple closed the day at $363.49, with a market cap of $337.17 billion. Exxon Mobil ended at $68.03, with the company valued at $330.88 billion.

    Apple might be worth more than Exxon Mobil, but XOM remains a much bigger company. Exxon made $10.7 billion in profit on $121.4 billion in revenue in the June quarter with 83,600 employees.

    Apple made $7.3 billion on $28.6 billion in revenue with 46,600 employees last quarter.

    Article Link: Apple Closes As The Most Valuable Company In the World
     
  2. macrumors regular

    King Flamez1

    Joined:
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    Location:
    Toronto, Canada
    #2
    i wanna work for apple.

    anyone think i could get in, even though I'm still in high school?
     
  3. macrumors 68020

    Joined:
    Dec 19, 2007
    #3
    more than 25% profit on sales. thats incredible.
     
  4. macrumors 6502

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  5. macrumors 6502a

    crisss1205

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    NYC
    #5
    No, unless you are a senior and at least 18.
     
  6. macrumors regular

    sunspot42

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    #6
    Congrats, Steve!

    Business comeback story of the century.
     
  7. macrumors G5

    Consultant

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  8. macrumors 6502

    MBP13

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  9. macrumors 68030

    Mattie Num Nums

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    #9
    Out of the 6 major firms I have worked for, Apple was right in the middle with pay. Not paid well, not paid enough, but close.
     
  10. macrumors 6502a

    GoodWatch

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    #10
    That's all very nice but what will it bring to humble users like me? I don't own Apple stock, just buy their stuff. It's about time Apple starts doing some good with that $76 billion stock pile of cash. Good for humanity, expensive trinkets don't fill children's empty bellies.
     
  11. Guest

    Surely

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    Los Angeles, CA
    #11
    I wonder how much more profit/revenue Apple would make if Apple was given the same tax incentives that oil companies are given....
     
  12. macrumors P6

    dukebound85

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    #12
    Apple is not the only innovative company nor are other companies successful by sheer luck...They all climbed their way to success

    I wonder how much less Apple would make if those subsidies went away, the cost of doing business/manufacturing increased which leads to more expensive computers and more than likely less sales as a result
     
  13. macrumors 65816

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    Jan 8, 2009
    #13
    Yeah, I wish I did a lot of things 15 years ago. :)

    Tony
     
  14. macrumors newbie

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    #14
    When reached for comment, Steve Jobs said "yep".
     
  15. macrumors 6502a

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    May 11, 2009
    #15
    Yet oil doesn't even break 10% on average and they're blasted by some people as greedy companies.
     
  16. macrumors 6502

    Joined:
    Jun 6, 2005
    #16
    Actually, yes they do...

    I wish people understood a little bit about basic economics before spouting off righteous crap.

    Apple's success probably feeds more empty bellies than all the charities in the US combined. By producing these products, there are millions of people who gain a livelihood (directly employed by Apple, employed by contractors, providing services (like restaurants) to these people, the vast number of people employed by adjunct businesses like accessories, and repairs, etc...).

    The cash isn't just sitting around (I doubt even a few of those $76Bn are in paper currency form). It is invested in a variety of financial instruments across the world.
     
  17. Guest

    Surely

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    #17
    Well, that too....
     
  18. macrumors regular

    FriarNurgle

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    #18
    Wish I made enough money to afford investments.
     
  19. macrumors 6502

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    #19
    Because they have massive monopolies, minimal risks, and massive demand? This is a basic supply and demand story.

    Again, spouting righteous crap without knowing financial basics, but from the other side this time...

    And I bet a significantly larger number of people are calling Apple greedy (and pointing out to the $76Bn net assets) than calling oil people greedy. What they do call oil people are folks spending millions to buy political leaders so they don't have to bear the costs of the negative externalities their industry imposes on others, and spending millions to fudge basic science.
     
  20. macrumors regular

    C00rDiNaT0r

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    #20
    Which will be more exciting news, when Apple makes more profit or revenue than Exxon?

    I don't think it will be too hard for Apple to make more profit than Exxon in the next few years as they expand to countries like China.
     
  21. macrumors 65816

    Joined:
    Jan 8, 2009
    #21
    You are pretty naive if you think that's the case. It's the complete opposite.

    Tony
     
  22. macrumors regular

    Man9z0r

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    SLO, CA
    #22
    This doesn't come as a surprise to me. As we are becoming a people who are looking to be more fuel efficient and more and more companies are trying to make cars that use less of it of course they are not going to be on top forever. If not today it would of happened soon enough.

    While technology is only getting bigger and bigger.
     
  23. Moderator

    OllyW

    Staff Member

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    The Black Country, England
    #23
    Yet Microsoft get 32% in the last quarter and are declared DEAD. ;)
     
  24. macrumors member

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    Windsor Locks, Connecticut
    #24
    Don't bother trying to explain, now these people are attacking their own! Apple is a big liberal company that has become the richest company in the world! Now these people attack them for capitalism. Too Funny!
     
  25. macrumors newbie

    Joined:
    Sep 27, 2010
    #25
    at the Gartner Symposium and ITxpo97 here today, the CEO of competitor Dell Computer added his voice to the chorus when asked what could be done to fix the Mac maker. His solution was a drastic one.

    "What would I do? I'd shut it down and give the money back to the shareholders," Michael Dell said before a crowd of several thousand IT executives.

    Steve J. .... Mike Dell ?
    Mike D. ... yes
    Steve J. .... suck it !!
     

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