John Melloy reports for CNBC, “Analysts have had three weeks since Apple reported its best quarter ever to breakdown the results and the verdict is finally in: Apple should be the most valuable company on earth.”
MacDailyNews Take: Longtimers, think back to 1997 and imagine hearing those words! We’ll tell you one thing: To us, regardless of their revenue, profits, or market cap, Apple has always been the most valuable company on earth.
Melloy continues, “Since the Jan. 18 report where Apple said it sold a record 16 million iPhones last quarter and nearly doubled the sales of iPads, at least five firms have raised their 12-month forecast on the stock to an average price of $467, or a 32 percent increase from here. At that level, Apple’s market value would total $433.7 billion, flying past Exxon Mobil’s current market value of $423.2 billion.”
“‘Analysts are as giddy as you can be, but Apple just keeps surpassing those numbers,’ said Pete Najarian, co-founder of TradeMonster.com and a ‘Fast Money’ trader,” Melloy reports.
Full article here.
Repost:
Wanna know why gas prices are going up?
Exxon is running scared that Apple are going to overtake them in value. Solution: Jack up the profits by jacking up the prices.
–> HaHa! Only (half) joking!
I always know that Apple has always been the most valuable company on earth since I was 6 years old. (1978)
RE: Earth v. earth
When I was a technical documents editor at a very huge defense contractor I was torn apart by a senior editor for capitalizing Earth in regards to the planet in a presentation to some brass/mahogany types. Apparently, it is *not* to be capitalized ever. I do not know why, but the guy was generally regarded as the king master of the universe in regards to capitalization. At the very least it seems to me that it’s not a clear cut case.
RE: Apple, holy crap. Seems like just yesterday we were beleagured.
It has been quite a ride since the bondi blue CRT iMac back in 1998. MDN Take is spot on – Apple’s value to Mac users is incalculable and is not driven by market share, market cap, or (especially) analyst opinion.
To all Apple employees – thanks for trying to make my life insanely great every day. Without the Mac, Mac OS X, and iOS products, I would be forced to use Windows PCs. I much prefer ‘insanely great’ over ‘greatly insane.’