What makes Apple "the Richest company in the world"?

Troon

macrumors regular
Original poster
Jul 7, 2010
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I read a lot that Apple are the richest company in the World. Is that cash rich, as in cold hard cash in the bank? Or a combination of cash in the bank, stock, assets etc?

If it's cash in the bank then they're nowhere near the richest company in the World
 

ThemacNub

macrumors regular
Aug 26, 2010
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0
Australia
It's their total assets, they have substantial cash at bank as well as millions/billions of dollars worth of patents. The are also highly profitable which is why they have earn the "richest company" title
 

Weaselboy

Moderator
Staff member
Jan 23, 2005
29,957
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California
I read a lot that Apple are the richest company in the World. Is that cash rich, as in cold hard cash in the bank? Or a combination of cash in the bank, stock, assets etc?

If it's cash in the bank then they're nowhere near the richest company in the World
When you see these articles about Apple being "richest", they are referring to valuation. That is share price ~$562 times number of shares = bajillions of dollars. When measured by this metric, Apple is biggest.

When measured by revenue, Apple is not the largest. Walmart, Exxon and others head up that list. Looks like Apple is in 43 place by revenue if this Wiki info is accurate.
 

Troon

macrumors regular
Original poster
Jul 7, 2010
153
0
It's their total assets, they have substantial cash at bank as well as millions/billions of dollars worth of patents. The are also highly profitable which is why they have earn the "richest company" title
Thanks mate. I work in Oil and gas. I nearly went to work for Saudi Aramco, but didn't as i got a better offer.

Aramco have a minimum of $5 TRILLION in the bank as cold hard cash as well as massive oil reserves that could buy Apple a thousand times over.

I don;t mean this as a confrontational post, it may look like that. I'm an Apple user, and, basically, i'm having an easy day at work so decided to ask this..............

:D

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When you see these articles about Apple being "richest", they are referring to valuation. That is share price ~$562 times number of shares = bajillions of dollars. When measured by this metric, Apple is biggest.

When measured by revenue, Apple is not the largest. Walmart, Exxon and others head up that list. Looks like Apple is in 43 place by revenue if this Wiki info is accurate.

Read my reply above mate. Yeah, the oil companies make Apple look small fry, esp Aramco. I could even write Five Trillion $$ in numbers :D
 

sviato

macrumors 68020
Oct 27, 2010
2,278
45
HR 9038 A
Aramco have a minimum of $5 TRILLION in the bank as cold hard cash as well as massive oil reserves that could buy Apple a thousand times over.

Read my reply above mate. Yeah, the oil companies make Apple look small fry, esp Aramco. I could even write Five Trillion $$ in numbers :D
It's market capitalization that makes Apple the most valuable company in the world.

Also looking at Aramco's year end December 31, 2010 auditor's report and consolidated financial statements, they likely have about 2-3 trillion in Saudi Riyals (today's exchange rate is about 1 US$ = 3.75 Saudi Riyal). So the company has probably close to one trillion $, not 5.

And I know you were exaggerating, but Saudi Aramco would theoretically be able to buy Apple only once (if even that) and not a thousand times over :p
 

Carlanga

macrumors 604
Nov 5, 2009
7,013
1,300
Apple is the MOST VALUABLE GLOBAL BRAND. Not the richest on cold hard cash.

Saudi Aramco is stil Gov Owned 100% right? So by being gov owned there can only be speculation on how much is really worth and since it's gov owned it would not be considered on global charts since expenditures & earnings might come from other places/$ of gov and is value based one estimates. All people can do is give estimates of value for Aramco and it's value is bias no matter who would evaluate it; until Aramco privatizes a % we can't know the value. An example of this is with the Brazilian Oil company for which part of it was privatized. Until part of it gets privatized people can say it's worth just a mere $5 or $5,000,000,000 it could all be true or false.

I don't know who is giving you these inflated numbers for Aramco, if they just like to brainwash you guys making it seem they are the best thing on the planet or what.
 

Troon

macrumors regular
Original poster
Jul 7, 2010
153
0
It's market capitalization that makes Apple the most valuable company in the world.

Also looking at Aramco's year end December 31, 2010 auditor's report and consolidated financial statements, they likely have about 2-3 trillion in Saudi Riyals (today's exchange rate is about 1 US$ = 3.75 Saudi Riyal). So the company has probably close to one trillion $, not 5.

And I know you were exaggerating, but Saudi Aramco would theoretically be able to buy Apple only once (if even that) and not a thousand times over :p
hahah.

I'm not a businessman by any mean. But i do know Aramco have a MIN of $5 Trillion in the bank. it's well known in the O&G game

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Apple is the MOST VALUABLE GLOBAL BRAND. Not the richest on cold hard cash.

Saudi Aramco is stil Gov Owned 100% right? So by being gov owned there can only be speculation on how much is really worth and since it's gov owned it would not be considered on global charts since expenditures & earnings might come from other places/$ of gov and is value based one estimates. All people can do is give estimates of value for Aramco and it's value is bias no matter who would evaluate it; until Aramco privatizes a % we can't know the value. An example of this is with the Brazilian Oil company for which part of it was privatized. Until part of it gets privatized people can say it's worth just a mere $5 or $5,000,000,000 it could all be true or false.

I don't know who is giving you these inflated numbers for Aramco, if they just like to brainwash you guys making it seem they are the best thing on the planet or what.

I've worked in O&G in the middle east for years. Aramco has a min of 5 trillion USD in the bank. Some estimates have it at 12
 

Carlanga

macrumors 604
Nov 5, 2009
7,013
1,300
hahah.I'm not a businessman by any mean. But i do know Aramco have a MIN of $5 Trillion in the bank. it's well known in the O&G game
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I've worked in O&G in the middle east for years. Aramco has a min of 5 trillion USD in the bank. Some estimates have it at 12


Can I ask you what is it that you do in the company since you are not a businessman and do you have links to those estimates or are they just office water-cooler estimates?
 

Troon

macrumors regular
Original poster
Jul 7, 2010
153
0
Can I ask you what is it that you do in the company since you are not a businessman and do you have links to those estimates or are they just office water-cooler estimates?

I'm a mechanical engineer in this game.

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Now that your ego has been soothed, can we close this thread? :rolleyes:
What you on about hahahah
 

Designer Dale

macrumors 68040
Mar 25, 2009
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I looked up enterprise value, which is what it would cost to buy Apple and it came out to $638,464,680,000. That is just buying out all the stock and cash on hand and deducting debt, which is zero. Buildings and intellectual property would add to this.

Dale
 

Troon

macrumors regular
Original poster
Jul 7, 2010
153
0
I looked up enterprise value, which is what it would cost to buy Apple and it came out to $638,464,680,000. That is just buying out all the stock and cash on hand and deducting debt, which is zero. Buildings and intellectual property would add to this.

Dale
God know what Aramco would be then!!!!
 

Designer Dale

macrumors 68040
Mar 25, 2009
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God know what Aramco would be then!!!!
The Saudi oil and gas company?

These guys?

They are private. Its possible to buy anything with enough cash/gold/€/£/¥ but since they have no public stock it's hard to plug them into the formula I used for Apple.

That said, owning Aramco would make you the king of the world :cool:

Dale
 

Troon

macrumors regular
Original poster
Jul 7, 2010
153
0
The Saudi oil and gas company?

These guys?

They are private. Its possible to buy anything with enough cash/gold/€/£/¥ but since they have no public stock it's hard to plug them into the formula I used for Apple.

That said, owning Aramco would make you the king of the world :cool:

Dale
Too me a company is a company though.
 
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