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“Apple, valued at $265.8 billion, trails Exxon Mobil Corp., which was worth $313.3 billion as of 2:53 p.m. New York time. PetroChina is valued at $265.5 billion,” Satariano reports. “‘There’s no reason at all Apple can’t grow much, much bigger,’ said Jane Snorek, an analyst with Minneapolis-based First American Funds, which has more than $100 billion under management, with Apple as its largest technology holding. Apple still has a small portion of the market for phones and computers, she said.'”
Full article here.
MacDailyNews Take: Boom! Congrats to all Apple Inc. employees on their excellent work. To infinity and beyond!
[Thanks to MacDailyNews Reader “Metryq” for the Buzz Lightyear quote suggestion and to “David C.” for the heads up.]
Awesome! Congrats Apple!
Awesome! Congrats Apple!
way to jinx it. AAPL dropped $4 right after this was posted
way to jinx it. AAPL dropped $4 right after this was posted
Anybody remember “As The Apple Turns”? Jack’s prediction of Apple/Steve Jobs’ world dominance? It’s all coming true.
Anybody remember “As The Apple Turns”? Jack’s prediction of Apple/Steve Jobs’ world dominance? It’s all coming true.
To be fair, Apple is world’s second most valuable company only among publicly traded, not among all of companies (there are few private in the Middle East that cost more than any publicly traded company; actually, one that costs more than couple of the biggest publicly valued companies combined).
So Apple still has a long road to go.
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To be fair, Apple is world’s second most valuable company only among publicly traded, not among all of companies (there are few private in the Middle East that cost more than any publicly traded company; actually, one that costs more than couple of the biggest publicly valued companies combined).
So Apple still has a long road to go.
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@ trex67
Jack Miller was kidnapped by aliens long ago.
@ trex67
Jack Miller was kidnapped by aliens long ago.
And Apple’s marketcap is now more than $50 billion greater than Microsoft’s.
You know, Microsoft? That company in Redmond? They sell Xboxes, I think. Oh yeah, and some software or something. Not sure.
Giddily surreal. My secret love life may become mainstream. Go Apple!
Giddily surreal. My secret love life may become mainstream. Go Apple!
Really is amazing, especially considering just how much growth potential they have still, mainly on the Mac and software side of things.
But darn it Apple.. innovate the Finder and Open/Save dialog interfaces already!
Really is amazing, especially considering just how much growth potential they have still, mainly on the Mac and software side of things.
But darn it Apple.. innovate the Finder and Open/Save dialog interfaces already!
DeRS,
The problem with those private companies that there is no accurate way to measure those companies’ worth. With a publicly traded company, those who buy and sell their shares determine EXACTLY what the current value of the company is. Private companies may have stocks, but the value is based on a declaration by the owner(s), which is almost never realistic. We can only guess / estimate the actual value of those private companies.
So, by the end of this year, there is a strong possibility that the little underdog Apple may become the most valuable company in the world. As Jobs (and Cascadians) said, surreal!
DeRS,
The problem with those private companies that there is no accurate way to measure those companies’ worth. With a publicly traded company, those who buy and sell their shares determine EXACTLY what the current value of the company is. Private companies may have stocks, but the value is based on a declaration by the owner(s), which is almost never realistic. We can only guess / estimate the actual value of those private companies.
So, by the end of this year, there is a strong possibility that the little underdog Apple may become the most valuable company in the world. As Jobs (and Cascadians) said, surreal!
Great now let’s all draft Mr. Jobs for the new economic advisor position, treasury secretary or something to clean up the economic disaster we have here in the U. S. He has the ability to do so and even say “no” when necessary. Congrats to all of Apple employees as well for their exceptional work and dedication.
Great now let’s all draft Mr. Jobs for the new economic advisor position, treasury secretary or something to clean up the economic disaster we have here in the U. S. He has the ability to do so and even say “no” when necessary. Congrats to all of Apple employees as well for their exceptional work and dedication.
@Hiflier,
Let’s not get too excited. Government is a completely different beast — actually, it’s antithetical to the market, which is where Jobs thrives.
There will be no messiah for the economy. The only effective way to help the economy is to drastically shrink the size of government (now growing out of control, and every dollar for the government is one less dollar for the public) and drastically reduce regulations (also growing out of control, which makes it too expensive to expand a business, build a house, etc.). And no, I’m not optimistic that either will happen.
Well said and regrettably true.
Well said and regrettably true.
For all the bitching about taxes, most big companies pay a LOWER tax rate than even people of modest income. Cons love to say the US taxes business heavily, but the facts do not pan out. There are so many exemptions and engineered loopholes (via lobbying and campaign $), that the EFFECTIVE rate is in fact quite low.
As to regulations, the Cons stripped or weakened regulations into a paper tiger- thus the lax oversight that brought a half billion tainted eggs to your table & millions of gallons of crude to the Gulf of Mexico.
Nice Try.
For all the bitching about taxes, most big companies pay a LOWER tax rate than even people of modest income. Cons love to say the US taxes business heavily, but the facts do not pan out. There are so many exemptions and engineered loopholes (via lobbying and campaign $), that the EFFECTIVE rate is in fact quite low.
As to regulations, the Cons stripped or weakened regulations into a paper tiger- thus the lax oversight that brought a half billion tainted eggs to your table & millions of gallons of crude to the Gulf of Mexico.
Nice Try.
@splashman
My comment in part was meant to be facetious, however, you defined my true thoughts and opinion to a T. Thanks