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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.]
@splashman
My comment in part was meant to be facetious, however, you defined my true thoughts and opinion to a T. Thanks
Outstanding! My congrats to Apple.
Outstanding! My congrats to Apple.
Go go Apple! 😀
Go go Apple! 😀
I guess time will tell. That big wad of cash and consistently good earnings seems to be holding up its share price and positioning it as a ‘safe, blue chip’ stock, hence investor demand driving up the share price (lets hope it isn’t a bubble, though having 40bil makes it perceptibly very strong). It’s a good strategy for investors (except if you want any sort of dividend). I guess you have to rely on share price growth. If the market develops more strength and other companies deliver similar consistency in earnings then demand may soften and the share price weaken.
Though you do wonder if Jobs keels over what may happen? (apart from him being dead)
I guess time will tell. That big wad of cash and consistently good earnings seems to be holding up its share price and positioning it as a ‘safe, blue chip’ stock, hence investor demand driving up the share price (lets hope it isn’t a bubble, though having 40bil makes it perceptibly very strong). It’s a good strategy for investors (except if you want any sort of dividend). I guess you have to rely on share price growth. If the market develops more strength and other companies deliver similar consistency in earnings then demand may soften and the share price weaken.
Though you do wonder if Jobs keels over what may happen? (apart from him being dead)
Market value is just a guess by the same people who
nearly drove this country into bankruptcy. Apple is a
very valuable company but I wouldn’t go crazy over
these numbers. If Jobs were to die tomorrow, what
would “market value” be then?
Market value is just a guess by the same people who
nearly drove this country into bankruptcy. Apple is a
very valuable company but I wouldn’t go crazy over
these numbers. If Jobs were to die tomorrow, what
would “market value” be then?
@Hiflier,
Fair enough. I’m glad I wasn’t snarkier with my reply! (“Are you on drugs?”)
That is unless you are in Yahoo’s world:
http://screen.yahoo.com/cb?pr=0/&mc=100000000000/&z=mc&vw=1&db=stocks&b=1
That is unless you are in Yahoo’s world:
http://screen.yahoo.com/cb?pr=0/&mc=100000000000/&z=mc&vw=1&db=stocks&b=1
@ Re Splashman,
Companies may pay low taxes but every shareholder buys their shares in that company with after tax dollars and when they sell those shares at a profit, they pay tax on that profit.
Many companies pay dividends with after tax dollars and then the individuals who get these after tax dividends pay tax on them.
So those company profits get taxed more than once in most cases.
Liberal Bastard.
@ Re Splashman,
Companies may pay low taxes but every shareholder buys their shares in that company with after tax dollars and when they sell those shares at a profit, they pay tax on that profit.
Many companies pay dividends with after tax dollars and then the individuals who get these after tax dividends pay tax on them.
So those company profits get taxed more than once in most cases.
Liberal Bastard.
Eat that Zuckerberg.
Eat that Zuckerberg.
Ok, Lets can the “what happens when Jobs dies” talk. It’s getting tired and played. In other news:
-Macs cost more than Windows PC’s
-There are no OS X viruses because their market share is so low
-Macs are toy computers
-the iPad is just an oversized iPod touch
did I miss any other FUD and crap?
Hey Trolls: Right now, it’s Apple’s time. Some day they will decline again (everything does) but for now you are going to have to deal with it.
Ok, Lets can the “what happens when Jobs dies” talk. It’s getting tired and played. In other news:
-Macs cost more than Windows PC’s
-There are no OS X viruses because their market share is so low
-Macs are toy computers
-the iPad is just an oversized iPod touch
did I miss any other FUD and crap?
Hey Trolls: Right now, it’s Apple’s time. Some day they will decline again (everything does) but for now you are going to have to deal with it.