Apple in danger of losing ‘Most Valuable Company In The World’ crown

On Jan. 25, 2012, Apple Inc. passed Exxon Mobil as the most valuable publicly-traded company in the world. The gap between #1 and #2 had widened to as much as $240 billion by September 2012 as Apple shares hit all-time record highs. You know, back when we all should have sold our AAPL stock (wink).

“That gap alone is greater than the value of some 98% of the companies in the S&P 500,” Steven Russolillo noted for The Wall Street Journal. “Over the summer Apple even gained the title of biggest U.S. company of all-time, surpassing Microsoft‘s previous peak in 1999.” (See related articles below.)

“But Apple’s fall in recent month has been fast and furious. Thursday alone, the company’s market cap fell by as much as $59.48 billion, according to WSJ Market Data Group,” Russolillo reports. “At one point, the gap between Apple and Exxon’s market cap had narrowed to only about $6.2 billion.”

Read more in the full article here.

MacDailyNews Take: Damn that all-time record performance! Damn it all to hell!

Embrace the lunacy, folks, for calmer, saner heads will someday prevail and this too shall pass.

Related articles:
What to do now if you own Apple stock – January 24, 2013
Topeka Capital cuts Apple price target to $888 from $1,111 – January 24, 2013
The Street beats Apple – January 24, 2013
Adam Lashinsky: What Apple’s earnings really mean, and what’s that $9 billion in ‘equipment’ for? – January 24, 2013
Apple’s results aren’t the total disaster implied by the market meltdown – January 24, 2013
Apple stock drops 12%, trips short-sale circuit breaker – January 24, 2013
Apple CEO Tim Cook: ‘No technology company has ever reported these kinds of results’ – January 24, 2013
Apple’s all-time record earnings drag down NASDAQ futures – January 24, 2013
Gundlach: Apple ‘a broken company’ – January 24, 2013
Apple’s all-time record quarterly earnings disappoint – January 23, 2013
Jim Cramer: ‘Without Steve Jobs, Apple is just another stock, it’s not magical anymore’ – January 23, 2013
After posting new all-time record revenue, Apple shares collapse in after-hours trading – January 23, 2013
MacDailyNews presents live notes from Apple’s Q113 Conference Call – January 23, 2013
Apple reports record results: $54.5 billion revenue, $13.1 billion profit, $13.81 EPS – January 23, 2013


    1. That Dell multiple nonsense stopped as soon as Apple started to tank. The amusement is a little less amusing. Anything is easy to laugh at when you’re winning, but when you’re losing things just don’t seem as funny. Apple’s P/E is heading into Dell territory and that isn’t funny at all.

    1. … Apparently. It’s amusing that Apple the company continues to THRIVE. But that apparently has no relationship to the AAPL stock price, thanks to whatever desperately stupid behavior is inspiring its sell off.

      Whoever is buying AAPL at these prices has a big fat knowing GRIN on their face. 😈

  1. Who cares for that “crown”?
    Most people want good products and as long as Apple does that well, it will be all right.
    Only these damn shareholders want to make money with money. They don’t care if Apple sells computers, or iDevices, or french fries… They are just vampires who want values to go up to get cash. This must end. Its not the entreprise’s fault, nor its leader(s). It’s this damn way of believing that everything is only ruled by profit.

    1. EXACTLY.

      My guess at this point is that certain people are DESPERATE for something to invest in that is going to give them big cash returns. These are the same clowns who inflated real estate values to the point of its bursting, losing these clowns $Millions and aiding the creation of our ongoing worldwide economic depression.

      A fool and his money…

      I can laugh and smile because I know Apple remains intact, as visionary as usual, with a long wonderful life ahead to all of our benefit. Yay! 😀

    2. It’s not an actual crown anyway. Just made-up silliness. I do hate to admit I’ll probably spend more on Exxon-Mobil products in my life than I will on Apple products. Been trying to fix that since 1979, but no luck so far.

  2. ExxonMobil has gasoline you need to drive your car, oil to keep things smooth and Natural Gas to heat your home. Also all the feedstock chemicals that make everything you can imagine.

    Apple makes cell phones, laptops and iPads.

      1. True but Exxon Mobile has the far better business plan for the long haul. They make a product you can’t live without and you are a customer even if you don’t know it.

        Not that a market cap means anything.

        As long as apple makes great products they’ll be a great company regardless of a market cap “crown” or other such nonsense.

  3. Apple’s closing market cap is $424 billion. Apple has 1/3 of that in cash. According to yesterdays statement, Apple’s Total assets are $196 billion which is almost half of Apple’s closing market cap of $424 billion.

    This is nuts! Apple’s board or someone at Apple needs to put an end to this now!

  4. What I really care about are Apple’s products, not the stock price. For me, there has been too much coverage on Apple’s stock instead of the great products they produce.
    At the moment, folks may be cashing in to diversify their options. That’s good for them. But really, that has nothing to do with Apple’s financial performance or, more importantly, their insanely great products.

  5. I’ve owned some AAPL stock for a long time, starting with just a little but buying in a big way in ’02. Since my first shares, there have been five sell-offs of about this percentage or greater. One was an earnings “miss” another the whole market, but the other three as inexplicable as this one. The longest recovery took four years (2000-2004), the shortest four months. I’d say we’re in for at least eight months this time. Depending on new product announcements. Could be more. But with shrinking microsoft’s P/E at 15, goog over 23 Netflix at 500, and Amazon pushing 4000 (!), Apple is staggeringly cheap at a P/E of 10, even if it were standing still, which I don’t expect.

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