Apple Closes As The Most Valuable Company In the World

[Apple...]

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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 !!

I love my signature.

 

[kc2kth]

i wanna work for apple.

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

I can't imagine working at Apple is a good thing, and this comment explains my point to a degree. So many young people think that Apple must be a cool place to work because they are so successful. I'd be willing to bet the opposite is true. Apple has no incentive to keep their workforce happy. There is a growing line of people waiting for their chance to work for Apple, mostly in their bright, shiny Apple stores. I'd guess Apple jobs - especially in retail - are low paying, as in below the poverty level, and there is likely high turnover as people grow tired of having to be upbeat and pleasant ALL of the time. That's simply unnatural for most people.

I'd be interested in hearing from people that actually work for or have worked for Apple.

 

[vitzr]

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.

I think the stability of Jobs health is worse than is being conveyed. Once he passes, there will be a big impact, but for a very short time, a blip on the radar.

Then Apple will settle in, stock will rebound, and there is a good possibility they will do better than ever. Apple is too well positioned for one mans passing to have a great impact.

 

[louis Fashion]

recommendation

Buy 1000 shares of APPL at 350$ write a covered call at 399$.

Now, I need to see APPL at 350!!

 

[vvswarup]

Bingo. Any one who really knows much about the oil industry knows the risk are fairly huge. addicted does not know what he is talking about.




No the risk are still huge risk. The only reason the big players rule a lot of the stuff and fund so much is they have the resources to do it. It cost huge amounts of money and they risk huge chunks as well.

On your argument Apple stuff is low risk now high reward. They are so big that they can aggregate risk is low.

Apple as a company I believe is not even in the size of the top 100 in terms of employee size, resources or physical assets.

Take away the stock value Apple does not have large amounts of assets it can sell for cash. It has a huge stock value but that is just paper and in theory can go crashing down.

Exxon stock could crash (hell all big oil) have more physical assets that Apple.

Cash and Cash Equivalents Account Balances:

AAPL: $11.261 billion
XOM: $8.453 billion

In fact, here are the Current Assets/Current Liabilities ratio:

AAPL: 2.02
XOM: 0.941

So Apple is in quite a safe position. If Exxon stock were to crash, Apple would be in a better position. For that matter, stock isn't even an asset. Companies can't borrow against the value of their stock like they could against the value of a building. So your argument that "take away the stock and Apple doesn't have large amounts of assets" is utterly baseless. If you want to poke holes in the numbers, back up your claims with some hard statistical evidence.

Face it, Apple is in a damn good financial position. And I can back it up with numbers, unlike you. They have earned every ounce of their success.

Evidently, people on this forum have no understanding of business and basic principles of accounting and finance.

 

[louis Fashion]

Dolts on wheels

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.

Right - I a SO hoping that the price of oil goes up. Just what the consumer needs this week

 

[divinox]

Ummm... share price * number of shares is exactly how much it would cost to purchase the entire company at that moment.

Of course, news of an acquisition would likely affect share price.

Ummm... you fail. share price only reflect the price at the last successful deal. Lets say i sell 1 stock of AApL for 1$, at that moment anyone could buy Apple for 1*shares, i.e. pocket-change (relatively).


Think first.

 

[louis Fashion]

geez

If you have cash in your pocket you can invest it. Open up a ROTH IRA and start putting money in it.




You forgot about paying taxes.

What is wrong with you? No one pays taxes. Read the Tea Party manifesto.

 

[wilhoitm]

Cash and Cash Equivalents Account Balances:

AAPL: $11.261 billion
XOM: $8.453 billion

In fact, here are the Current Assets/Current Liabilities ratio:

AAPL: 2.02
XOM: 0.941

So Apple is in quite a safe position. If Exxon stock were to crash, Apple would be in a better position. For that matter, stock isn't even an asset. Companies can't borrow against the value of their stock like they could against the value of a building. So your argument that "take away the stock and Apple doesn't have large amounts of assets" is utterly baseless. If you want to poke holes in the numbers, back up your claims with some hard statistical evidence.

Face it, Apple is in a damn good financial position. And I can back it up with numbers, unlike you. They have earned every ounce of their success.

Evidently, people on this forum have no understanding of business and basic principles of accounting and finance.

I am not sure you are right there! Apple has about $76 Billion in Cash or Cash equivalents last time I checked, not $11 Billion.

 

[Slurpy2k8]

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.

First you ask what it brings users like you, then you ask what it brings starving children. What is your point exactly, beyond being troll? Apple could liquidate itself this second and donate it's entire worth to charity, yet there would still be millions upon millions of starving people. What Apple does well, unlike 95% of companies out there, is create products that people actually love and want to use, and what it also does it push forward and revolutionalize industries, benefitting so many in the process, and it has ben rewarded for its innovation.

 

[NakedSnake]

Ummm... you fail. share price only reflect the price at the last successful deal. Lets say i sell 1 stock of AApL for 1$, at that moment anyone could buy Apple for 1*shares, i.e. pocket-change (relatively).


Think first.

If $927 million is pocket change.

 

[divinox]

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.

Another failboat. The quote is from '97, when Apple was as far down in **** as one can get without turning **** oneself.

p.s. Apples resources dont belong to Jobs, they belong to the shareholders. If they are not using those 70 bn, and not providing any plan for their use they should indeed be paid out. Not all of it necessarily, but what is not needed (i.e. what cannot be motivated).

If $927 million is pocket change.

see that parenthesis saying relatively? guess what it hints at?

Cash and Cash Equivalents Account Balances:

AAPL: $11.261 billion
XOM: $8.453 billion

In fact, here are the Current Assets/Current Liabilities ratio:

AAPL: 2.02
XOM: 0.941

So Apple is in quite a safe position. If Exxon stock were to crash, Apple would be in a better position. For that matter, stock isn't even an asset. Companies can't borrow against the value of their stock like they could against the value of a building. So your argument that "take away the stock and Apple doesn't have large amounts of assets" is utterly baseless. If you want to poke holes in the numbers, back up your claims with some hard statistical evidence.

Face it, Apple is in a damn good financial position. And I can back it up with numbers, unlike you. They have earned every ounce of their success.

Evidently, people on this forum have no understanding of business and basic principles of accounting and finance.

a) stock is an asset
b) assets have value
c) valuable things can be used to back loans

ergo, companies can use stock to back loans...

simple matter of trading risk, which as always comes at a cost.

Right - I a SO hoping that the price of oil goes up. Just what the consumer needs this week

It will, as soon as the economy turns around again. For now, oil will be dropping (explanations as to why have been given by others).

 

[AppleScruff1]

Right - I a SO hoping that the price of oil goes up. Just what the consumer needs this week

What's wrong with wanting Exxon to do well too? They sell some excellent petroleum products and they only operate on a 10% margin. I'd like to see them have a net profit of at least 25%, and a gross profit closer to 50%, similar to Apple. Plus Exxon is much more important to the world economy than Apple will ever be. Why wouldn't you want them to enjoy the same success as Apple?

Buy 1000 shares of APPL at 350$ write a covered call at 399$.

Now, I need to see APPL at 350!!

If I was investing $350K, it wouldn't be in Apple.

 

[Rodimus Prime]

Cash and Cash Equivalents Account Balances:

AAPL: $11.261 billion
XOM: $8.453 billion

In fact, here are the Current Assets/Current Liabilities ratio:

AAPL: 2.02
XOM: 0.941

So Apple is in quite a safe position. If Exxon stock were to crash, Apple would be in a better position. For that matter, stock isn't even an asset. Companies can't borrow against the value of their stock like they could against the value of a building. So your argument that "take away the stock and Apple doesn't have large amounts of assets" is utterly baseless. If you want to poke holes in the numbers, back up your claims with some hard statistical evidence.

Face it, Apple is in a damn good financial position. And I can back it up with numbers, unlike you. They have earned every ounce of their success.

Evidently, people on this forum have no understanding of business and basic principles of accounting and finance.

That is cash. A single one of Exxon many plants is worth more than 8 billion. Hell they have done an over a 10 billion upgrade to there Plant here in the Houston area just a few years ago. Some of the planets are in the 100's of billions in value. So yet again I point back to the physcical assets not the ones on paper.
Exxon drilling plateforms are worth more than what they have in cash. So again that was the facts I was point 2. Not this paper value of the company like Apple.

 

[weing]

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

Just happy I bought a ton of aapl stock when it was under 90 in late 2008.

 

[bitWrangler]

Ummm... share price * number of shares is exactly how much it would cost to purchase the entire company at that moment.

Sorry, that's not the way it works. Market cap is simply a calculated number. Assuming someone had $340B burning a hole in their pocket right now, they wouldn't come close to being able to purchase Apple for that much. Any buyer would have to pay a substantial premium over the current price. If you want a simple way to describe it, you can think of it as setting the baseline price one could acquire all the shares in the company for. Remember the purchase of a public company means that you are acquiring some substantive majority of shares. In order to do that, you have to convince people/institutions to sell you those shares. Offering them the current share price isn't going to motivate very many people to sell you squat if they were not intending to sell to begin with.

 

[wilhoitm]

Topping Exxon/Mobile makes Apple a darling of the crash!

Blue Horseshoe loves Anacott Steel!

 

[aristotle]

If I was investing $350K, it wouldn't be in Apple.

Which is why you are poor.

 

[AppleScruff1]

Which is why you are poor.

There are far better options for a return on your dollar. But I'm sure you already knew that.

 

[gorgeousninja]

I can't imagine working at Apple is a good thing, and this comment explains my point to a degree. So many young people think that Apple must be a cool place to work because they are so successful. I'd be willing to bet the opposite is true. Apple has no incentive to keep their workforce happy. There is a growing line of people waiting for their chance to work for Apple, mostly in their bright, shiny Apple stores. I'd guess Apple jobs - especially in retail - are low paying, as in below the poverty level, and there is likely high turnover as people grow tired of having to be upbeat and pleasant ALL of the time. That's simply unnatural for most people.

I'd be interested in hearing from people that actually work for or have worked for Apple.

Do you have any idea what 'poverty level' actually is? You are like the bunch of retards who have been smashing and burning England because even tho theyre wearing designer clothes, organizing the riots on their blacberries, living in social housing and entitled to both free education and healthcare, they moan as they do not have enough. There is a big wide world out there and millions with no access to even clean water. Apple employees are not being paid less than poverty level. Get real.

 

[weing]

Do you have any idea what 'poverty level' actually is? You are like the bunch of retards who have been smashing and burning England because even tho theyre wearing designer clothes, organizing the riots on their blacberries, living in social housing and entitled to both free education and healthcare, they moan as they do not have enough. There is a big wide world out there and millions with no access to even clean water. Apple employees are not being paid less than poverty level. Get real.

To the youth of the western world the face of poverty is a year-old smart phone and 4 month old trainers!

 

[sonicboom]

Ok, don't care about this BS. Any rumors to talk about?

I hear a new version of the iPhone is coming.

 

[gturban]

What's wrong with wanting Exxon to do well too? They sell some excellent petroleum products and they only operate on a 10% margin. I'd like to see them have a net profit of at least 25%, and a gross profit closer to 50%, similar to Apple. Plus Exxon is much more important to the world economy than Apple will ever be. Why wouldn't you want them to enjoy the same success as Apple?

If I was investing $350K, it wouldn't be in Apple.

A bit simplified:
The problem is that the world is dependent on oil. And if price increases made oil have such a margin for the oil companies the economy and world would most likely grind to a halt and cause a recession/depression. And in this insane world that would be a horribly bad thing, leading people to loose jobs, struggle and possibly starve. Or maybe it would cause a revolution and end the system that makes rich richer and poor poorer.
Apples products on the other hand are not a essential for the world to go around, and although a lot of people would be a little bit sad if Apple shut down it would not cause any major problems. (Assuming Apple disappeared in a scenario where it didn't bring the economy down with it, now unlikely). Apple could have a 200% margin and if the sales figures stayed strong it would only affect the people having to spend the extra money. Cars would still drive, ships would keep running, you could still fly wherever you wanted and all the other petroleum dependent industries would still keep ticking..

 

[Beligerent]

I couldn't agree more my friend.

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.

 

[Eric-PTEK]

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

Tony

I'd love to see anyone here look up what oil companies spend on research and finding new fields.

Billions and billions each year, a lot of which goes right down the drain in hopes of finding the next big field to make up for the money already spent.