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Apple set to pass Exxon Mobil as the largest company in the world

Silly comparison - market cap is predicated upon hype (such as P/E), outstanding float and dividends (among others). Exxon dividends out more than $13.1bn a year while Apple doesn't even have a penny of dividends.

If Apple misses earnings even once, they are screwed. The P/E ratio is still relatively high.
 
LegendKiller said:
Silly comparison - market cap is predicated upon hype (such as P/E), outstanding float and dividends (among others). Exxon dividends out more than $13.1bn a year while Apple doesn't even have a penny of dividends.

If Apple misses earnings even once, they are screwed. The P/E ratio is still relatively high.
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Is a P/E of 15 for a (strong) growth company that high? Granted, the growth will likely decelerate in 2012 regardless of the Internet analysts hype.

You can't say never but when's the last time lowballing Apple missed on earnings? 😛

Edit:
Looks like XOM rallies just enough to stay king (for another day?)
 
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silverpig said:
HSBC I think.
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Banks utterly destroy Exxon or Apple in Assets or people. RBS has over $3.5TR in assets. Wal Mart has over 2.1mm employees. A company like Boeing will destroy Apple in ROE since they require little in the way of retail stores or inventory.

If Exxon didn't pay dividends or pay back stock it would build cash at more than $21bn/yr. Apple only generates ~6bn. Exxon generates almost 2x as much in net earnings as Apple and 3x as much in 2008. IN 2008 XOM used $43bn in cash to pay dividends and buy stock, that's about 2/3 of Apple's gross revenue in 2010.

In other words, in the last 3 years, XOM has repurchased $66bn in stock and paid out over $25bn in dividends. That's more than 1/3 of AAPL's entire market cap.

The comparisons are worthless.
 
Largest publicly traded company by market cap perhaps. But Saudi Aramco, if it was a publicly traded company, would have a market cap in the trillions (yes, trillion with a 't').
 
Thats because all apple is made in china by workers making $1 an hour (if lucky) and apples 500% inflated price.
 
Oyeve said:
Thats because all apple is made in china by workers making $1 an hour (if lucky) and apples 500% inflated price.
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yea it sucks but they are playing by the rules. get mad at your politicians.

i think its amazing what apple has done since the mid 90's. they basically proved that with the right management and focus on the end-user experience really pays off.
 
Apple's market cap has slipped below ExxonMobil's, but I believe earnings release in 2 weeks will propel AAPL forward again.
 
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