Apple Now Worth More Than Germany's Entire DAX Stock Index

[MacRumors]

Apple's shares jumped 2 percent today in after-market trading, following the company's best reported quarter ever in terms of revenue and profit.

The tech giant's market capitalization has now grown to over $1.4 trillion, further cementing its place as the world's most valuable tech company. Only the Saudi Aramco oil company is worth more.

AAPL is currently hovering around $312 in pre-market trading. As The Guardian points out, Apple's valuation is now more than Germany's 30 largest listed companies that make up the DAX index on the Frankfurt Stock Exchange.

The DAX is worth a combined $1.36 trillion, including business software giant SAP ($162 billion), chemical company Linde ($111 billion), engineering and industrial conglomerate Siemens ($108 billion), and insurance group Allianz ($100 billion).

The figures are a response to Apple's glowing financial results last night which saw the company post revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or $4.18 per diluted share, in the year-ago quarter. The quarter was the best in Apple's history, topping the first fiscal quarter of 2018.

Article Link: Apple Now Worth More Than Germany's Entire DAX Stock Index

 

[djcerla]

How can this be without the Mac X?

/s

 

[Aluminum213]

Now raise the prices of all devices!

 

[roronl]

Correction; pre-market trading is now around $324.

 

[YaBe]

Now raise the prices of all devices!

Apparenlty it would be the right thing to do, as people keep spending more every year, why stop now?

 

[japanime]

Raise your glass of APPLwein in a toast and cry "Wunderbar!" ?? ?

 

[SBlue1]

Raise your glass of APPLwein in a toast and cry "Wunderbar!" ?? ?

Apfelwein!

 

[triton100]

How is it that when Apple moves a couple of per cent the media call it a jump or a surge. It’s barely anything. When a stock like Netflix on occasion jumps 10 per cent, now that’s a surge.

 

[NamE_O]

When Apple makes close to a $100B of revenue and over $20B of net profit in just a quarter, I most strongly believe AAPL is quite underestimated. Especially considering the value of MSFT, GOOG, & AMZN, let alone FB.

 

[strawberriesandcream]

As a German, this is frustrating on so many levels...

 

[Peza19]

Considering Germany is in a slump at present, I don’t think it’s worth noting.

 

[JonKelley]

To further profits, removing ports (and therefore wired CarPlay access) is what I fear from Apple.

 

[Glockworkorange]

Oh, come on. Can anyone imagine Cook saying "well, our pipeline isn't that great, but boy we made a ton of $$."

The numbers coming out of these announcements are interesting, but I wouldn't pay too much attention to what they say---it's a lot of spin and non statement statements.

 

[windowsblowsass]

How is it that when Apple moves a couple of per cent the media call it a jump or a surge. It’s barely anything. When a stock like Netflix on occasion jumps 10 per cent, now that’s a surge.

Netflix is a much smaller company moving the largest company in the world a few percent is a massive shift in wealth.

 

[strawberriesandcream]

Considering Germany is in a slump at present, I don’t think it’s worth noting.

I remember that they told us on the news recently, that the DAX is particularly high at the moment. Which makes this even more depressing.

 

[az431]

How is it that when Apple moves a couple of per cent the media call it a jump or a surge. It’s barely anything. When a stock like Netflix on occasion jumps 10 per cent, now that’s a surge.

You made that up. Post links to these media articles.
[automerge]1580303687[/automerge]

Oh, come on. Can anyone imagine Cook saying "well, our pipeline isn't that great, but boy we made a ton of $$."

The numbers coming out of these announcements are interesting, but I wouldn't pay too much attention to what they say---it's a lot of spin and non statement statements.

So it was spin and non-statement statements when Tim Cook made similar statements last year? Good thing investors DID pay attention.

 

[adamw]

How about them apples? Germany's entire DAX stock market is worth less than Apple. This is interesting and welcome news!

 

[az431]

Considering Germany is in a slump at present, I don’t think it’s worth noting.

GDP has grown every year for the past 10 years, and the DAX recently hit an all time high. During that time the unemployment rate has steadily decreased, and is lower than most of Europe and the US.

How is that a "slump"?
[automerge]1580304139[/automerge]

To further profits, removing ports (and therefore wired CarPlay access) is what I fear from Apple.

So Flash support, CD-ROM drives, and headphone jacks were removed to "further profits"? Seems to me the common thread is outdated technology that takes up space (just like ports to charge and transfer data).

Good one.

 

[waquzy]

How is it that when Apple moves a couple of per cent the media call it a jump or a surge. It’s barely anything. When a stock like Netflix on occasion jumps 10 per cent, now that’s a surge.

You can’t be serious? You do realise that sometimes 2% is a bigger jump than 10% right? It all depends on the value of the company and share price etc. It’s all relative.
Next time think before your comment.

 

[Spudlicious]

As a German, this is frustrating on so many levels...

Only America has created Apple, Google, Amazon, Microsoft, Twitter etc, the giants of this age. There is something, or perhaps more likely a combination of somethings, that has ensured US technology business is dominating the 21st century even more than in the late 20th. Brits like me and Germans like you can only look on in wonder, and of course we can carry on buying the products!

 

[Ron21]

All that money but they still don't have the resources to fix the mail app

 

[scrapesleon]

Betting on Apple you can’t lose

 

[AustinIllini]

Doomed. Steve Jobs would never let this happen

 

[eulslix]

Apples lowest quality, most uninspired products up to date, yet their highest financial performance. To me that's the perfect proof of how ****ed up todays economy is...

 

[PickUrPoison]

Considering Germany is in a slump at present, I don’t think it’s worth noting.