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Apple briefly passes Exxon as most valuable co.

Analog

Analog

Lifer
Apple's stock rose as much as 8 percent, while Exxon's fell as much as 2 percent during trading Wednesday.
Exxon Mobil Corp.'s stock closed up 4 cents at $87.22 for a market capitalization of $418 billion. Apple's increased 6 percent to $446.66 for a market cap of about $415 billion.
Apple said Tuesday that net income in its latest quarter more than doubled, while revenue grew 73 percent.
Cupertino, Calif.-based Apple first topped Exxon in August, then fell back to second place. Irving, Texas-based Exxon had held the top spot since 2005.
Apple overtook Microsoft Corp., now in the No. 3 slot, in 2010.
 
You need to realize that Apple's revenue is now double that of Microsoft last quarter. Apples profit is more than Googles revenue last quarter.
 
More notes include that....
  • iTunes generated 50% more revenue than Yahoo!.
  • At $400+ Billion market cap it is now worth more than Greece.
  • Apples profit last quarter was $3 billion more than Hollywood for the entire year.
  • Apple sells more iPhones per day than babies born.
  • They sold more than 3x the number of Kindle Fires at twice the price and at a profit
  • Apples cash (~100 billion) is worth more than all but 52 companies on earth.
 
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Patranus said:
More notes include that....
  • iTunes generated 50% more revenue than Yahoo!.
  • At $400+ Billion market cap it is now worth more than Greece.
  • Apples profit last quarter was $3 billion more than Hollywood for the entire year.
  • Apple sells more iPhones per day than babies born.
  • They sold more than 3x the number of Kindle Fires at twice the price and at a profit
  • Apples cash (~100 billion) is worth more than all but 52 companies on earth.
Click to expand...

How is their cash worth more than another company's cash? :hmm:

KT
 
The most important question: ARE THEY PAYING THEIR FAIR SHARE?!

Why are their execs getting paid millions while the lowly high-school dropout at the applestore only makes $10/hr?

They made their money on the backs of Chinese slave-labor! They're EVIL!

Oh, wait...it's Apple...nevermind. We're supposed to like Apple because they're non-conformist.

Yay Apple! Keep up the good work!
 
drebo said:
The most important question: ARE THEY PAYING THEIR FAIR SHARE?!

Why are their execs getting paid millions while the lowly high-school dropout at the applestore only makes $10/hr?

They made their money on the backs of Chinese slave-labor! They're EVIL!

Oh, wait...it's Apple...nevermind. We're supposed to like Apple because they're non-conformist.

Yay Apple! Keep up the good work!
Click to expand...
their effective corporate income tax rate is about 25%, they arguably pay their fair share into the federal coffers.
 
drebo said:
The most important question: ARE THEY PAYING THEIR FAIR SHARE?!

Why are their execs getting paid millions while the lowly high-school dropout at the applestore only makes $10/hr?

They made their money on the backs of Chinese slave-labor! They're EVIL!

Oh, wait...it's Apple...nevermind. We're supposed to like Apple because they're non-conformist.

Yay Apple! Keep up the good work!
Click to expand...


WHY DO YOU HATE CAPITALISM SO MUCH!??!!?

caps
 
The-Noid said:
Saudi aramco, the real largest company in the world. 2011 revenue of $790B...
Click to expand...
Saudi Aramco is estimated to be worth $8 trillion USD, making it the world's most valuable non-publicly listed company.
😱😱😱😱😱😱😱😱😱😱
 
Patranus said:
More notes include that....
  • iTunes generated 50% more revenue than Yahoo!.
  • At $400+ Billion market cap it is now worth more than Greece.
  • Apples profit last quarter was $3 billion more than Hollywood for the entire year.
  • Apple sells more iPhones per day than babies born.
  • They sold more than 3x the number of Kindle Fires at twice the price and at a profit
  • Apples cash (~100 billion) is worth more than all but 52 companies on earth.
Click to expand...

And we all know how Apple got it done..

http://www.youtube.com/watch?v=Lv2qLOiioPc#t=1m56s (NSFW)
 
Jodell88 said:
Saudi Aramco is estimated to be worth $8 trillion USD, making it the world's most valuable non-publicly listed company.
😱😱😱😱😱😱😱😱😱😱
Click to expand...

Thats like saying the real biggest company in the world is the United States with 15 trillion in production. You really can't count governments as companies.
 
Patranus said:
Thats like saying the real biggest company in the world is the United States with 15 trillion in production. You really can't count governments as companies.
Click to expand...

Saudi Aramco is not the government, it is a State Owned Entity, although there are ownership shares in a very strange system, based on Kings, etc.

It is a single company and in the beginning was setup more like a corporation however.
 
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With Steve Jobs dead, I can't help but wonder if their success will last. I know it's a huge stretch to credit one person for that. However, 15 years ago Apple stock was almost worthless. Damn, I wish me or my parents had the foresight back then to buy some.
 
True buy Windows and iterations plus Office really are their big money makers. Xbox was losing money until just last year.
 
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