Apple Briefly Ranked as Most Valuable Company in the World

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Aug 9, 2011.

  1. MacRumors, Aug 9, 2011
    Last edited by a moderator: Aug 9, 2011

    MacRumors macrumors bot

    MacRumors

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    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
     
  2. macduke macrumors G3

    macduke

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    #2
    Do we win now? Lol...

    So, what next Stevie? World domination?
     
  3. troop231 macrumors 603

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    #3
    Congrats Apple! Who would've thought this in the Sculley era?! :p
     
  4. FrozenTomato macrumors regular

    FrozenTomato

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  5. macduke macrumors G3

    macduke

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    #6
    Should have taken Michael Dell's advice in 1997:

    Read more: http://news.cnet.com/2100-1001-203937.html#ixzz1UYO0YunA
     
  6. hobo.hopkins macrumors 6502a

    hobo.hopkins

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    #7
    Pretty impressive, especially given the state of the company a little more than a decade ago.
     
  7. delonh92 macrumors member

    delonh92

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    #8
    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.:)
     
  8. Surely Guest

    Surely

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  9. Apple OC macrumors 68040

    Apple OC

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  10. Atlantico macrumors 6502

    Atlantico

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    #11
    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:
     
  11. World Citizen macrumors regular

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    Feb 21, 2011
    #12
    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
     
  12. winston1236 macrumors 68000

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    #13
    True, I would prefer a mouse redesign personally. Something for people without oven mitt hands
     
  13. FrHa macrumors member

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    #14
    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:
     
  14. the vj macrumors 6502a

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  15. *LTD* macrumors G4

    *LTD*

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  16. rdowns macrumors Penryn

    rdowns

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    #17
    Poor title. Should read something like, Apple Briefly Surpasses ExxonMobile as the Largest US Publicly Traded Company.
     
  17. KOZOK macrumors member

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    #18
    Amazing only in that exxonmobil actually does something useful whereas apple makes toys.
     
  18. Tones2 macrumors 65816

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    #19
    And thus the importance of marketing in a capatalistic society.

    Tony
     
  19. 840quadra Moderator

    840quadra

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    #20
    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.
     
  20. nylonsteel macrumors 6502a

    nylonsteel

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    #21
    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..."
     
  21. Nebrie macrumors 6502a

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    #22
    AAPL is back up on top, by over a billion now.
     
  22. gpat macrumors 6502a

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    #23
    Time to buy DELL, set every building ablaze and give back the money to shareholders.
     
  23. GenesisST macrumors 68000

    GenesisST

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    #24
    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!
     
  24. gpat macrumors 6502a

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    Italy
    #25
    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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