Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

Apple Briefly Ranked as Most Valuable Company in the World

FrHa said:
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:
Click to expand...

I don't know. Maybe that's how you feel. That you buy products to feel special. Maybe the OP was commenting on how he preferred when Apple was grass roots and was the underdog to cheer for and needed their customers vs the size and magnitude they are today.

Maybe it has nothing to do with wanting to feel elitist...
 
Apple becomes the most valuable company during one of the most severe market pullbacks of all time.

Just a few years ago, AAPL would go down (and up) twice as fast as everything else. Now its like a rock.
 
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...

You're probably missing the point of the original comment.
 
This makes me feel sick

Why, why, why did I not have any money to buy just a little Apple stock when it was well under $40 and no one else did… :mad:
I had a Peter Lynch moment when I saw a bunch of gen 1 iPods on college students. :)
"Something is up with Apple!" I thought then. :eek:
But no money to act on it. (I'd just moved and had no extra cash.) :eek:
I could be retired now. :(
:apple: :rolleyes:
 
foobarbaz said:
Apple becomes the most valuable company during one of the most severe market pullbacks of all time.

Just a few years ago, AAPL would go down (and up) twice as fast as everything else. Now its like a rock.
Click to expand...

Apple went down nearly 50 points in the last week. That's about 12.5 percent. A rock? No.. it's subject to the same market conditions as other stocks.
 
This race may be going back and forth for a while depending on oil prices and market fluctuations, of course, as XOM has roughly 5x the outstanding shares of AAPl. So every dollar XOM gains AAPL has to gain roughly 5 dollars to keep up in market cap. We'll see what happens.

Cool to see them hit that pinnacle, though.
 
Apple is only the most valuable on the US stock exchange and in a capitalist monetary term. But as far as I'M concerned regarding most valuable companies Apple is way way way way way way way down the list. Far more important companies out there..
 
So are we going to see politicians ride Apple now like they have been riding the oil companies for the past three decades? Windfall taxes? Hearings in Congress about "excessive profits"? Calls for profit ceilings?
 
wovel said:
In that same time period the market dropped nearly 20%...
Click to expand...

Your point? I don't think you have one. If a company was a "rock" - they wouldn't have seen a 12+ percent decline. If they were a ROCK - they would have had less.
 
delonh92 said:
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.:)
Click to expand...
It appears that you were not paying attention. Ten years ago was 2001. By then, Steve Jobs had been back at Apple for five years. This was three years after the introduction of the iMac. The Mac community was still excited about the availability of MacOS X. Ten years ago, we were in the interregnum between the last version of MacOS X 10.0, MacOS X 10.0.4, and the first version of MacOS X 10.1.

It is a most pleasant surprise to see Apple at the top of the heap among all corporations on Earth. However, a pleasant surprise is not the same as a shock. Ten years ago, Apple was in pretty darned good shape with a bright future.
 
It's officlal: The three most important things in the world are Oil, Gold, and Ipods

Hell Yeah!!! Glad I only own shares in 2 of the above, and neither of them are Oil!!! They are on Fire!!! Lets keep the party going :D
 
"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. October 6, 1997

Why wouldn't Apple just listen?
 
samcraig said:
Your point? I don't think you have one. If a company was a "rock" - they wouldn't have seen a 12+ percent decline. If they were a ROCK - they would have had less.
Click to expand...

Really how much qualifies as a rock? They are considerably more rock like then say Exxon.. What is your point, the definition of the word Rock? What stock has been a better consistent investment over the past 10 years. Market conditions have not had nearly the impact on AAPL as other companies, particularly in the tech sector. They will be one of the first stocks to return to their previous high.

You actually had no point at all. Just the personal definition of a word. A definition you seem unable to quantify.
 
It's insane how one company can change in a decade. Also, makes me want to start investing to find the next "big" company.
 
wovel said:
Really how much qualifies as a rock? They are considerably more rock like then say Exxon.. What is your point, the definition of the word Rock? What stock has been a better consistent investment over the past 10 years. Market conditions have not had nearly the impact on AAPL as other companies, particularly in the tech sector. They will be one of the first stocks to return to their previous high.

You actually had no point at all. Just the personal definition of a word. A definition you seem unable to quantify.
Click to expand...

Maybe you're on LION and are having trouble scrolling back up the page to the original comment I was replying to ;)

The OP said, "Apple becomes the most valuable company during one of the most severe market pullbacks of all time.

Just a few years ago, AAPL would go down (and up) twice as fast as everything else. Now its like a rock."

My comment was that Apple isn't a rock considering they also wavered quite a bit in the past week.

They went up and down just as much as MANY companies.

So the OPs comments are not based in reality. Have a great day.
 
Last edited:
Hatas gonna hate.

PC fans must be stabbing their genitals. After 30+ years of the most ridiculous anti-Apple attitude, they finally are facing reality: they suck in the wake of a superior computer company when marketed properly. It took the iDevices to do it, but the Apple product was always much better than the competition, just didn't have a competitive price.
 
samcraig said:
Maybe you're on LION and are having trouble scrolling back up the page to the original comment I was replying to ;)

The OP said, "Apple becomes the most valuable company during one of the most severe market pullbacks of all time.

Just a few years ago, AAPL would go down (and up) twice as fast as everything else. Now its like a rock."

My comment was that Apple isn't a rock considering they also wavered quit a bit in the past week.

They went up and down just as much as MANY companies.

So the OPs comments are not based in reality. Have a great day.
Click to expand...

I remember it actually. Everything in the post you responded to is true. Apple used to be much more volatile then it is now. What part of that do you dispute?

You have still failed to quantify your definition of the word rock. It is clear you have no long term we sense of the securities market. It is equally clear that your short term sense is rather reactionary.

To be clear, you are now claiming Apple stock is more volatile today then it used to be.

P.S. Your Lion comment either verifies your troll status or explains a lot about your difficulty grasping the stock market.

You can invest in securities by the minute or by the decade. Anyone watching it by the week is simply a fool.
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back