Apple Closes As The Most Valuable Company In the World

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

  1. MacRumors macrumors bot


    Apr 12, 2001

    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.


    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. King Flamez1 macrumors regular

    King Flamez1

    Feb 27, 2011
    Toronto, Canada
    i wanna work for apple.

    anyone think i could get in, even though I'm still in high school?
  3. bmms8 macrumors 68020

    Dec 19, 2007
    more than 25% profit on sales. thats incredible.
  4. RetepNamenots macrumors 6502

    May 30, 2009
  5. crisss1205 macrumors 6502a


    Oct 7, 2008
    No, unless you are a senior and at least 18.
  6. sunspot42 macrumors regular


    Aug 7, 2007
    Congrats, Steve!

    Business comeback story of the century.
  7. Consultant macrumors G5


    Jun 27, 2007
  8. MBP13 macrumors 6502


    Mar 13, 2011
  9. Mattie Num Nums macrumors 68030

    Mattie Num Nums

    Mar 5, 2009
    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. GoodWatch macrumors 6502a


    Sep 22, 2007
    Rotterdam, The Netherlands
    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. Surely Guest


    Oct 27, 2007
    Los Angeles, CA
    I wonder how much more profit/revenue Apple would make if Apple was given the same tax incentives that oil companies are given....
  12. dukebound85 macrumors P6


    Jul 17, 2005
    5045 feet above sea level
    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. Tones2 macrumors 65816

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

  14. dreamworks21 macrumors newbie

    Jan 15, 2008
    When reached for comment, Steve Jobs said "yep".
  15. thetexan macrumors 6502a

    May 11, 2009
    Yet oil doesn't even break 10% on average and they're blasted by some people as greedy companies.
  16. addicted44 macrumors 6502a

    Jun 6, 2005
    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. Surely Guest


    Oct 27, 2007
    Los Angeles, CA
    Well, that too....
  18. FriarNurgle macrumors regular


    Jan 2, 2011
    Wish I made enough money to afford investments.
  19. addicted44 macrumors 6502a

    Jun 6, 2005
    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. C00rDiNaT0r macrumors regular


    Jan 12, 2006
    New York, New York
    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. Tones2 macrumors 65816

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

  22. Man9z0r macrumors regular


    Feb 25, 2011
    SLO, CA
    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. OllyW Moderator


    Staff Member

    Oct 11, 2005
    The Black Country, England
    Yet Microsoft get 32% in the last quarter and are declared DEAD. ;)
  24. BeauPaul macrumors member

    Jan 7, 2011
    Windsor Locks, Connecticut
    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. sbradfo macrumors newbie

    Sep 27, 2010
    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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