Apple Closes As The Most Valuable Company In the World

[kiljoy616]

i wanna work for apple.

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

What are you offering, and how do you know your given interest will be something that working for Apple would benefit you?

I like Apple, I have some stock of theirs, but I personally would not want to work for them. Self employed is way better and more fun, but each of us have different interest.

 

[dukebound85]

I remember when it was big news when apple crossed 60 billion as that was the point it was about the size of dell

 

[bretm]

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.

Hey buddy- how many jobs have you created this quarter? How have you contributed to the economy? I'd like to know what percentage of your revenue goes to others. 75% of Apples revenue goes to others. That's workers, companies, families, college students, designers, babies bellies, etc. They are growing the economy. The government or charity really has almost no ability to grow the economy. Giving doesn't grow the economy. Charity doesn't grow the economy. Apple is putting food on tables and filling bellies every day. My children included. I use their products for a living. I have stock in their company that is going to help me comfortably retire and not be a burden on society.

You're incredibly short sighted. What should Apple be doing with their "riches?" I'd like to know. Because they didn't force anyone to spend a dime on anything. They created things people wanted or could use. I suppose they could become a non-profit? No incentive of course for R&D, and the stock would drop and soon profits and then of course jobs. But I suppose it would all be for the best cuz they could buy everyone a sandwich. Sure everyone would be hungry again the next day, but Apple would feel good about themselves.

 

[AppleScruff1]

Bfd.

I hope the price of oil goes way up so that Exxon can make 25-30% profits like Apple does. Then we can make a true comparison.

 

[Trudy]

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

Massive operational risks Finding and developing oil fields, paying for accidents, operating in relatively unstable parts of the world

Massive costs: Finding, developing, extracting, refining and shipping the oil, and the infrastructure for all of that, is extremely expensive. Plus they have to pay to lease most oil fields

Massive political risk: Their profits, and their ability to make profits, can drastically fall in an instant due to adverse political rullings.

None of them has a monopoly in this country. That was broken up long ago. There is plenty of competition. There is a monopoly in most socialist-leaning states, with gross mismanagement and corruption in the case of many (PEMEX being a good example).

Apple has little of this institutional risk.

 

[wackymacky]

While interesting to a point, I'm wondering if MacRumors is going to be posting Apple valuation on a daily basis. I could care less about Apple stock, I'm more interested in their product.

I agree. I don't mind if we put a ticker in the corner showing the daily stock value, but we don't need daily front page news.

The value of apple stock this week is somewhat today irrelevant given the market turmoil.

Look at the other data being displayed here.

Apple is not doing well. The stock is DOWN 2%. It is just that Exxon is DOWN 4%.

There was also a 4 times higher level of trading in Exxon shares. As always when the market is anxious regarding market growth and risk of economic growth oil share get dumped. (Market down turn = less manufacturing = less oil consumption = less profit for oil companies = less dividends.).

Gee I wonder what’s happening with the price of gold this week?


Let the dust settle for a few weeks before you make comment about comparative values of stock. (Unless you're a speculative investor with money to risk.)

 

[silusesMac]

damn i need to start buying apple stock

 

[JHankwitz]

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 !!

If you don't like the way Apple distributes the profits made from your stock investments in them, sell, sell, sell and invest it in a company that does it your way! It's your decision to be a part of it or not.

Dell obviously is very jellous of Jobs, and wishes he had a bundle of cash on hand instead of giving it all away to his stockholders. He probably thinks that if he could get Jobs to do the same, it would make Dell look less poorly.

 

[a.gomez]

Ow come on, what's this bllsht? We're facing the biggest international economical crisis in years, and we're still talking about how Apple crashes somewhat less then that oil company? That's driving trough a red light with your eyes closed.

Not that we should be all negative, but this is just total non information for an Apple product rumors site.

Yep - Basically who crashed less in a 520 point drop - success is now that ExxonMobil went down to meet Apple

welcome to iOS thinking

 

[dukebound85]

damn i need to start buying apple stock

buy high sell low is the way to go!

 

[permol]

Easy economical recovery

So it's easy: sell five apples and the us debt is covered

 

[Glideslope]

Yep - Basically who crashed less in a 520 point drop - success is now that ExxonMobil went down to meet Apple

welcome to iOS thinking

No.

"NEVER" underestimate the power of "Joe/Jane Six-Pack" to purchase Consumer Electronics under any conditions.

Applies to the "Starbucks" crowd as well.

 

[Stridder44]

Wish I'd bought shares 15 years ago..!

I bought shares many years ago (2004-ish?) when they were selling for $32 a share. I sold them a year later and made a nice profit. You better damn well believe I wish I would have held on to them. One of my bigger regrets.

 

[RastaLulz]

Bloated stock if you ask me..

 

[ericinboston]

I've never really liked the Stock Market or that every USA citizen since 1950 banks their life savings into it in some fashion.

Great the Apple is the most valuable stock out there today, but I really think it doesn't mean much. The companies on Wall Street are slaves to the system. 1 bad "report" and your company sinks faster than a rock in water because of all the stock holders who know so much more about the company's business than the Executives and sell in a panic.

Bloated stock if you ask me..

I would agree...it's one thing that I like Apple...it's another that I think their Stock is way over valued.

I worked at a non-startup 1200-employee 10-year old company back in 1999-2001 and our stock price went from $12 to $300+ in a matter of 1.5 years...then it crashed like everyone else's within 3 months...ours back down to under $5. The company did and still sells a fantastic line of products, but the "market" was just way overvaluing it (but hey, I liked it while it lasted!)

 

[ksgant]

So....what does this give them now? Bragging rights? Discount at Starbucks? Steve Jobs get an "I win the prize" trophy?

What...WHAT?

 

[Tem]

Hmm

I wonder how much more profit/revenue Apple would make if Apple was given the same tax incentives that oil companies are given....

No, they don't need incentives. They just outsource the manufacturing of their products to 3rd party manufacturer's in China. I'm sure they are all staffed by union members with great benefits, high wages, and safe working conditions.

> 25% profit margin with low r&d costs along with low government regulation (compared to energy exploration) compared to < 9% profit margin for a company providing energy to world with every environmentalist on it's back, little margin for error, and most governments wanting to push/regulate for the lowest price possible.



Ya, ExxonMobil is really abusing the public...

 

[mjtomlin]

Bloated stock if you ask me..

Huh? I couldn't care any less about stocks and the market, but come on, bloated!?

Apple is a US$100B+ year company with almost US$80B in cash and investments and there's plenty of room to grow.

Even a blind, deaf, mute person with their head up their ass would know Apple is still a great value.

 

[shartypants]

Amazing, wonder how long they can hold it...

 

[chrmjenkins]

Business comeback story of the century.

That only took a decade. 5.5 billion market cap to 336 billion market cap in 10 years. 6,101% growth.

 

[Rodimus Prime]

I would agree...it's one thing that I like Apple...it's another that I think their Stock is way over valued.

I worked at a non-startup 1200-employee 10-year old company back in 1999-2001 and our stock price went from $12 to $300+ in a matter of 1.5 years...then it crashed like everyone else's within 3 months...ours back down to under $5. The company did and still sells a fantastic line of products, but the "market" was just way overvaluing it (but hey, I liked it while it lasted!)

which is why I expect a crash the day Steve Jobs dies and crash hard. It would not shock me at all to see Apple loss 50% of its value in a matter of weeks before it leveled off and started growing again.

 

[ssk2]

While the global financial markets bounce like yo-yos and livelihoods and jobs are lost because of the actions of a few men on the stock floor, some of you have the audacity to whoop and holler because Apple has the artificial title of being the most 'valuable' company in the world? Brilliant MR, brilliant...

 

[mjtomlin]

So....what does this give them now? Bragging rights? Discount at Starbucks? Steve Jobs get an "I win the prize" trophy?

What...WHAT?

Absolutely nothing... it's really just an indication that the company is doing good. Sometimes, we as Apple users (and fans) need reassurance, because every other blog and article on the web is telling us about the next iDevice-killer and Apple will be doomed shortly upon release. Gets even crazier when Android enters the fray, then of course, Apple is already doomed and can't survive.

So these types of stories make us feel like we're drinking a mug of warm cocoa on a snowy winter's day.

Other than that, it's really just non-sensical ********, that only really matters to people who actually invest their money and like it when their net worth increases.

While the global financial markets bounce like yo-yos and livelihoods and jobs are lost because of the actions of a few men on the stock floor, some of you have the audacity to whoop and holler because Apple has the artificial title of being the most 'valuable' company in the world? Brilliant MR, brilliant...

Really? Debbie Downer.

Even people at the suicide laiden Foxconn factories celebrate their birthdays.

 

[mrpotato]

I totally agree with your statement. Curious, do you happen to have a link to that article. I was searching far and wide and have been unable to come across it.

You are generally correct but let me point out that Apple is no Microsoft in terms of feeding the ecosystem. During the 90s and 00's, more companies -more PEOPLE - benefitted from Microsoft being the king of technology than Apple.

There was a great article -I think- in the WSJ about how the economics of Apple is much different -shall I say bitter- than when Microsoft was at the top of their game. Microsoft was not afraid of spreading the wealth around because it only helped them become larger, stronger, and, well, richer.

Apple does not play that way and they make sure very few people truly profit from their success.

So before you become any more cheeky with your 'I wish people' talk, let's be clear on how much 'help' Apple is giving the rest of the industry - very little.

Lastly, look at the number of employees Microsoft has made into millionaires compared to Apple.

In the end, Apple just can't compare...

Preparing to be downgraded in 3... 2... 1...
-P

 

[macinnv]

Here are reasons why I think AAPL is a great buy-

-Apple is still considered undervalued - its P/E Ratio is 14.39.

-New iPhone coming out, probably be sold out for many months..

- Long term, the more people that get on the Apple ecosystem, the more money they make without having to do much work. Ie. third party apps, books, music. They still have a large untapped body of customers all around the world with carriers they are not on yet.

With that being said I think there are a few minor issues I have with Apple. Steve Jobs health is a moderate risk, especially in the short term and as of yet they really haven't been putting their cash to good use.