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Apple Briefly Ranked as Most Valuable Company in the World
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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.
Are you serious? You look at the whole of Apple and all they have accomplished in the last decade and all you can see is a nearly obsolete removable media technology? All so you can sit in a chair and watch HD movies on a small laptop screen, with a battery draining motor buzzing wildly?
In a word no. Now what you say is valid regarding long term. But that wasn't the original comment. You want to change the meaning of the OP's comment and attach your own interpretation/commentary on the state of Apple overall.
The OP made an invalid statement. In the past week, as the OP originally stated, Apple was NOT a rock. I don't have to define rock. Unless you're really lacking in intelligence which you clearly aren't. You want to split hairs over definitions. All smoke and mirrors.
The simple fact is - that in the last week - Apple's stock has been in line with the market. It has not stayed the course. It did not remain stable. And it was not a rock. It performed, amongst the last week's turmoil - like any other stock.
If you fail to see that. If you fail to acknowledge that the OP's comments were fantasy at best - then that's your issue as well.
I'm not a troll because I can see the truth in numbers. And my LION comment was tongue in cheek. If I was a troll (an overused silly word anyway) I wouldn't have made it a joke.
Congrats Apple! Who would've thought this in the Sculley era?!
As I predicted five years ago:
MS IS DEAD. AND SO IS GOOGLE.
GO APPLE!
Couldn't agree more - and basically congrats Apple and congrats Arn for reminding me that I should definitely buy those put stock options now.
If everything turns out the way rational thinking implies, Apple is just one major part of the bubble that is about to burst in the next few weeks.
And Apple will be hit even harder than most over companies relying on their cash deposit - if they haven't switched to transferring it to gold or the Yen.
Face it - the dollar is about to go the way of the dodo (as is the Euro) as more and more public households fail. So basically - a year from now Apple will be below 100.
Mark my words
<nay sayer>
I think Apple stock is a bubble unto itself. Apple's been doing great financially for the past decade, no question, but I think people saw that Apple stock was going up, so everyone invested more in Apple stock, which made Apple stock rise even more, which made people want to invest more in Apple, wash, rinse, repeat. In other words, I think Apple's stock has had a HUGE gain beyond what it's actually worth merely because for at least the past 5 years people were investing in it merely because it was skyrocketing.
Unfortunately, at some point some legitimate issue will cause the stock to rightfully go down (such as Jobs retiring), and then people will see Apple's stock going down and get fearful and decide to sell a bit of their Apple stock and/or will sell to lock in their gains already achieved. So that'll make Apple's stock price go down even further, which'll make people sell more Apple stock, which'll make Apple's stock price go down even further, wash, rinse, repeat.
</nay sayer>
N.B. - I have absolutely no expertise in the stock market, so I could be *completely* wrong about all of this.
I think Apple stock is a bubble unto itself. Apple's been doing great financially for the past decade, no question, but I think people saw that Apple stock was going up, so everyone invested more in Apple stock, which made Apple stock rise even more, which made people want to invest more in Apple, wash, rinse, repeat. In other words, I think Apple's stock has had a HUGE gain beyond what it's actually worth merely because for at least the past 5 years people were investing in it merely because it was skyrocketing.
Unfortunately, at some point some legitimate issue will cause the stock to rightfully go down (such as Jobs retiring), and then people will see Apple's stock going down and get fearful and decide to sell a bit of their Apple stock and/or will sell to lock in their gains already achieved. So that'll make Apple's stock price go down even further, which'll make people sell more Apple stock, which'll make Apple's stock price go down even further, wash, rinse, repeat.
</nay sayer>
N.B. - I have absolutely no expertise in the stock market, so I could be *completely* wrong about all of this.
In 1998, I had an aquaintence buying Apple stock, I recall thinking he was nuts.
He was buying Apple , and I bought Yahoo, Lucent, AOL, Dell.
Needless to say I don't buy stocks anymore. Haven't seen him in a long time but I'm sure he's rich.
If only I had a time machine, well technically I do, but one that allows for time travel.
He was buying Apple , and I bought Yahoo, Lucent, AOL, Dell.
Needless to say I don't buy stocks anymore. Haven't seen him in a long time but I'm sure he's rich.
If only I had a time machine, well technically I do, but one that allows for time travel.
re the update to the original article
sounds like a horse race -
"they're running neck and neck..." - classic voice of old school announcer at del mar
sounds like a horse race -
"they're running neck and neck..." - classic voice of old school announcer at del mar
Couldn't agree more - and basically congrats Apple and congrats Arn for reminding me that I should definitely buy those put stock options now.
If everything turns out the way rational thinking implies, Apple is just one major part of the bubble that is about to burst in the next few weeks.
And Apple will be hit even harder than most over companies relying on their cash deposit - if they haven't switched to transferring it to gold or the Yen.
Face it - the dollar is about to go the way of the dodo (as is the Euro) as more and more public households fail. So basically - a year from now Apple will be below 100.
Mark my words
Your words have been marked and I will be back here a year from now. I set a calendar notification. AAPL is still cheap. I would be shocked if AAPL is less than $450 a year from today.
Neither. Very sloppy article.
They are the most valuable (or were) US public company by market capitalization (share price x outstanding shares).
That would be plausible if Apple's P/E Ratio wasn't around 14.
They have the earnings to back up and justify the stock price.
Like in the late 90's when tech was booming there was stupid P/E ratio's
like 100,200,300.
Or worse yet no PE , meaning the company was actually loosing money.
Apple if apple is overpriced, its not by much based on current revenue.
Honeslty, if the economy didn't suck Apple stock would probably be 2x-3x higher.
A PE for tech company used to be "acceptable" in the 30-40 range.
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Congratulations, Apple. You've issued a ton of equity. Who cares?
This was a poorly written and deceptive article.
This was a poorly written and deceptive article.
Market cap is not a made up number, sir.I think not... How did you get youstuff?
- 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!
It's a company's TRUE value. It's how much money people are willing to spend to be invested within a company.
However, I would agree with you if you are arguing that oil companies DEFINITELY make a larger net profit than Apple.
They really haven't issues that many stocks. Less than a billion. Exxon has 4-something billions stocks issues.aethelbert said:
Apple's real success is in Value Per Share. Obviously people think Apple is worth the money, and I agree.
Yes when do the investigations into windfall profits start?
Apple has a large market cap, but they are still a small company.
They just make more money on lower volume. The iPad is a area they lead in outright but mostly they just make a ton of money on their other products.
When you get 3K for a 17" notebook, it isn't hard.
The App store was a brilliant idea and I have no doubts that the reason Apple hardware prices have fallen the amount they have is due to an internal 'subsidy' based on how many Apps a person will buy from the App store.
I think its great, but then again, I think Capitalism is great...unlike those who only think capitalism is great if they happen to ow the stock of the company performing.....
Apple has a large market cap, but they are still a small company.
They just make more money on lower volume. The iPad is a area they lead in outright but mostly they just make a ton of money on their other products.
When you get 3K for a 17" notebook, it isn't hard.
The App store was a brilliant idea and I have no doubts that the reason Apple hardware prices have fallen the amount they have is due to an internal 'subsidy' based on how many Apps a person will buy from the App store.
I think its great, but then again, I think Capitalism is great...unlike those who only think capitalism is great if they happen to ow the stock of the company performing.....
Working in a warehouse about 10 years ago I told a bunch of my co-workers to choose apple stock in the market fund we had. They all argued and told me Microsoft ruled the computer world. Today, I bet they all wish they had listened. Great work Apple
That's crazy. And given that AAPL almost went bankrupt before OS X, this may be one of the great turnarounds in history.
I'm hoping this isn't big news over at the Apple campus. Apple got this way by keeping its eye on the customer and being very creative with product design. If they're now focusing on meaningless market metrics like this, then that's not a good sign for the long term future.
Are. Worldwide. And by calling a company "most valuable" it is commonly implied that we are talking about market capitalization. Which is a valid measure. There are other measures like revenue or profit, but they have their downsides too. I don't see the sloppiness.
The biggest problem with this "championship title" is probably that there are companies out there that would be more valuable, were they traded publicly. Saudi Aramco is regarded being worth several trillions for instance.