Apple Once Again the Most Valuable Public Company in the World

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 6, 2019.

  1. MacRumors macrumors bot

    MacRumors

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    #1
    [​IMG]


    Apple has once again reclaimed the title of most valuable publicly traded company marking the first time the Cupertino company has held that title since December.

    As noted by CNBC, Apple surpassed Microsoft and Amazon this afternoon with a closing price of $174.24, for a market capitalization of $821.59 billion.

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    That beats out Microsoft's market value of $813.48 billion and Amazon's market value of $805.70 billion. Earlier this week, Apple also briefly surpassed the other two companies, and the top title has been shifting back and forth for months now.

    Apple saw a significant drop in market value in January after lowering its revenue guidance for the first fiscal quarter of 2019 to $84 billion, down from $89 to $93 billion.

    Apple's stock has recovered somewhat since its earnings release on January 29 where it reported revenue of $84.31 billion and net quarterly profit of $19.965 billion, or $4.18 per diluted share.

    It was Apple's second best quarter ever in terms of revenue and profit, despite the fact that it ultimately ended up being lower than expected due to flagging iPhone sales.

    Article Link: Apple Once Again the Most Valuable Public Company in the World
     
  2. Zaft macrumors 68040

    Zaft

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    Brooklyn, NY
    #2
    Oh boy, I’m sure the macrumors users are excited bout this.....
     
  3. snowboarder macrumors 6502

    Joined:
    Jun 9, 2007
    #3
    Why should we care? I care everything they
    have created recently has issues and they
    want more money for it.
     
  4. StellarVixen macrumors 65816

    StellarVixen

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    Earth
    #4
    Doom, so much doom, other companies would give everything to be doomed like this...
     
  5. Pitogyro macrumors newbie

    Pitogyro

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    Athens, Greece
  6. bambooshots macrumors 65816

    bambooshots

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    Jul 25, 2013
  7. az431 macrumors 6502a

    az431

    Joined:
    Sep 13, 2008
    Location:
    Portland, OR
    #7
    This can’t be true. The people who post here assured us that Tim Cook’s greed guaranteed Apple’s collapse, and that this was the beginning.
    --- Post Merged, Feb 6, 2019 ---
    I must own different “everything they have created lately” devices than you because none of them have any issues.
     
  8. needfx macrumors 68040

    needfx

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    macrumors apparently
    #8
    dum dum duuuuum
     
  9. DotCom2 macrumors 68040

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    Feb 22, 2009
    #9
    I don't have any issues with the Pencil. :p
     
  10. anshuvorty macrumors 6502a

    anshuvorty

    Joined:
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    Location:
    California, USA
    #10
    This isn't going to last. I just don't see how Apple will keep growing in the future. All signs point to stagnating growth:
    • mature smartphone industry
    • no new innovative product in the pipeline: the self-driving car project was a bust, AR will rely on gimmicky controls on your iPhone/iPad preventing long use sessions because of how goofy you look when using it. Thus preventing mass adoption.
    • India being Apple's next market to corner is being hard to play with
    So overall, I just don't see how Apple can keep posting record profits every 4th quarter as they have been for the last 10 years going forward. Consider me skeptical, but just being honest here from what I can see as an armchair enthusiast analyst.
     
  11. Andres Cantu macrumors 68030

    Andres Cantu

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    Rio Grande Valley in South Texas
    #11
    Not that it really matters, the top 4 have been all over the place and switching lately.
     
  12. Khedron macrumors 6502a

    Joined:
    Sep 27, 2013
    #12
    Wait until your nib wears out and you need to pay an extra $20 because Tim removed the spares from the box while bumping the price
     
  13. bbednarz macrumors 6502a

    bbednarz

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    Chicago
    #13
    If what they are making does not work for you then you should look elsewhere.
    Sure the smartphone market is mature, but the smartwatch market is still in its infancy. How was the self driving car project a bust? They haven't even announced anything about it. AR in its current form is next to useless. Once they can make the technology small enough to fit in glasses it could be huge.

    Also, their services division continues to grow.
     
  14. DotCom2 macrumors 68040

    Joined:
    Feb 22, 2009
    #14
    I had the Gen1 Pencil since day one and used it every day and never had to replace the nib. I have the Gen2 now and LOVE it. Besides, it was just a joke.
     
  15. AngerDanger macrumors 68040

    AngerDanger

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    #15
    Whoa, whoa, Juli, that is NOT how you spell “doomed”.
     
  16. Zenithal macrumors 604

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    Sep 10, 2009
    #16
    Nice. I shall have a second pour of scotch for Apple.
     
  17. s15119 macrumors 68000

    s15119

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    Nov 20, 2010
    #17
    But, wait. That can't be. Apple is failing, Tim is a dummy that doesn't know how to run a company. They make shoddy products and the pricces prices are insane. Apple will go out of business any day now. Oh wait, that's just stupid comments from MR. I guess the real world is a lot different than that :)
     
  18. genovelle macrumors 6502a

    Joined:
    May 8, 2008
    #18
    Sounds like the same song that has been sung by analysts since the iPod. They miss what Apple really is. They are an affordable luxury company. While others chase market share, Apple takes over the top end with usable features that others can’t match for years even though they may have released a subpar version years earlier. Like TouchID and FaceID.

    By ensuring they are profitable on each sale they only need a small percentage of the full market. Also, by being the status mark of success, those who buy the cheaper items aspire to be able to step up.
     
  19. lunarworks macrumors 65816

    Joined:
    Jun 17, 2003
    Location:
    Toronto, Canada
    #19
    Apple should just drop everything else and focus only on the Mac. If it weren't for emoji we'd have a new Mac Pro by now.

    Crap, it's contagious.
     
  20. now i see it macrumors 68030

    Joined:
    Jan 2, 2002
    #20
    Nobody cares about this statistic. Its meaningless really. At some point when a company gets into the hundreds of billions, more billions doesn't change anything. If  became a 500 Trillion dollar company, everything would still be the same for the end user- buggy software and ever more pared down hardware that gets more & more expensive every iteration.
     
  21. NT1440 macrumors G4

    NT1440

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    May 18, 2008
    #21
    Uh, they’ve clearly been making shifts to be less reliant on the iPhone. There have been years of R&D in new fields such as AR. A nuanced take on Apple’s future is they’re very carefully setting up for the age of “ambient computing”.

    What’s amazing to me is that you claim there is nothing new in the pipeline (as if you have insight to that) then immediately give your take on the hypothetical pipeline...which doesn’t exist, according to you.

    As far as growth is concerned, I agree. A company as large as Apple simply can’t grow perpetually, none of them can, which is why we should probably reconsider having the world economy based entirely on the foolish concept of infinite growth. They should also, I don’t know, actually pay their ****ing taxes (as all giant multinationals should) instead of the Irish-double-hogey-with-a-pinch-of-rosemary financial shenanigans they and all massive corporations employ. Just figured I’d throw some of my criticisms in there before being labeled an “apple apologist.”
     
  22. pat500000 macrumors G3

    pat500000

    Joined:
    Jun 3, 2015
    #22
    This is so fake news. As matter of fact, the editor is fake as well.
     
  23. m4mario macrumors member

    m4mario

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    May 10, 2017
    Location:
    San Francisco Bay Area
    #23
    Apple being the most valuable company in the world is one of the few things that's sensible in this world.
     
  24. djcerla macrumors 68000

    djcerla

    Joined:
    Apr 23, 2015
    Location:
    Italy
    #24
    And that's where Apple deserves to be. Too many untapped markets. The stock was severely unappreciated even at $230.

    Just think about how many units an Apple toy could sell. And, yes darling, we'll see Apple AI toys sooner than later.
     
  25. GrumpyMom macrumors 604

    GrumpyMom

    Joined:
    Sep 11, 2014
    #25
    They make products with interesting issues and the prices are insane. Doesn't mean anything at this point for Apple.

    The stock market is weird. Bezos left his wife for some other dude's wife and a leafhopper bug appeared out of season and landed on my sweatshirt after an ice storm (for real)...and so up went Apple's value relative to every other company's value. It's magical.

    I expect that to get results like this when every other rumor and discussion about Apple is so filled with stinky cheese, Mr. Cook had to sacrifice a few Huawei phones inside of a pentagram during the night of the werewolf blood moon...or whatever the hell that last super special rare full moon was called.

    My favorite ritual, personally, was the year he had Sia mournfully act out the Zombie Apocalypse after a Keynote. Ahh, that was a great time to be an Apple fan. ;)
     

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