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Apple's gains make it second-largest stock in the world

post #1 of 76
Thread Starter 
Apple on Thursday overtook PetroChina Co. in terms of market value, making the Cupertino, Calif., company the second-largest company in the world.

As noted by Bloomberg, Apple is now valued at $265.8 billion, ahead of PetroChina's $265.5 billion. Apple is only behind Exxon-Mobil, the largest company in the world, which had a value of $313.3 billion Thursday.

The milestone was reached thanks to the fact that AAPL stock hit an all-time high, topping $290 at one point during the day. It ended the day up over $1, and the stock has increased a total of 37 percent this year.

In May, Apple's market cap surpassed Microsoft when it hit $222 billion, pushing it ahead of the Redmond, Wash., software giant. That accomplishment made Apple the second-largest American company, behind only Exxon-Mobil.

But Thursday's milestone makes Apple the second-largest company in the world, in terms of market value. Exxon has also been moving up since May, when it had a market capitalization of nearly $280 billion.
post #2 of 76
i guess m dell is feeling stupid right now
whats in a name ? 
beatles
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whats in a name ? 
beatles
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post #3 of 76
Thanks to the iOS line out, Apple has been getting a bit more famous?
post #4 of 76
It can't last as "Apple is closed" and we all know that "open" wins¡
Just wait until the Windows Phone 7 arrives.
And, the CrackPad.
And, the HP Slate.
And, netbooks will destroy overpriced MacBooks.
post #5 of 76
Where's the link to the AI article about issues with Apple's stock moving to $400? It was a good read to illustrate the challenges they face to get to that price.


EDIT: Found them:

http://www.appleinsider.com/articles...ls_part_i.html
http://www.appleinsider.com/articles...s_part_ii.html
post #6 of 76
It sure sounds like, Apple WILL be the largest company in the world, within the next 6-7 months.

- After MORE iPad, iPhone sales, which will be a lot after Verizon and the addition of the camera to the iPad

Good for them!

Hell some would have to call this a miracle, seeing they won't suppose to be around much longer (some 8-10 years ago)

Skip

Oh, this is a BIG smile on my face I purchased the stock at UNDER $20.00 a share! Boy do I wish I bought more then
post #7 of 76
You wait until Jobs and company releases their new product called iOil. Then you will see them become largest market cap company.
post #8 of 76
Quote:
Originally Posted by ncee View Post

It sure sounds like, Apple WILL be the largest company in the world, within the next 6-7 months.

- After MORE iPad, iPhone sales, which will be a lot after Verizon and the addition of the camera to the iPad

I wonder how much of the current stock prices is already factoring in many of those things? If a Verizon iPhone doesn't imerge next spring, will the stock take a hit?

Mind you, I don't think it would take a big hit, but it could slow the momentum a bit.
post #9 of 76
Quote:
Originally Posted by Wiggin View Post

I wonder how much of the current stock prices is already factoring in many of those things? If a Verizon iPhone doesn't imerge next spring, will the stock take a hit?

Mind you, I don't think it would take a big hit, but it could slow the momentum a bit.

Next spring is a looong way off, with at least two quarterly reports between now and then. The markets are far more focused on profits than rumors of future products.
Please don't be insane.
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Please don't be insane.
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post #10 of 76
Quote:
Originally Posted by Wiggin View Post

I wonder how much of the current stock prices is already factoring in many of those things? If a Verizon iPhone doesn't imerge next spring, will the stock take a hit?

Mind you, I don't think it would take a big hit, but it could slow the momentum a bit.

It'll take a hit, but like you said ... it will be tiny. Same with the "antennae-gate" issue. Everyone was saying how the stock was going to drop tremendously. It took a tiny hit and recovered pretty quickly. I mean, look at it now! Fast approaching $300!

Dare I say $350 by middle of 2011? Not yet, I don't want to jinx it.
post #11 of 76
Quote:
Originally Posted by brucep View Post

i guess m dell is feeling stupid right now

Are you sure?

He's 41 years old with a net worth of over $17 billion.

Steve's net work is just more than $6 billion.

Don't feel sorry for Dell.
post #12 of 76
So you know, the new product will be called iSaid, followed up by a bigger and better version called iTolduso.

Skip
post #13 of 76
All this and still less than 10% market share in the PC biz and having iPhone tied to exclusive carrier deals in many places. There's a lot more room to grow!
post #14 of 76
Quote:
Originally Posted by DCJ001 View Post

Are you sure?

He's 41 years old with a net worth of over $17 billion.

Steve's net work is just more than $6 billion.

Don't feel sorry for Dell.

I think he is referring to the following quotes by M. Dell...

ORLANDO, Florida--When it comes to the state of Apple Computer, everyone has an opinion.

And at the Gartner Symposium and ITxpo97 here today, the CEO of competitor Dell Computer added his voice to the chorus when asked what could be done to fix the Mac maker. His solution was a drastic one.

"What would I do? I'd shut it down and give the money back to the shareholders," Michael Dell said before a crowd of several thousand IT executives.

Dell's comments follow Steve Jobs's keynote address at the Seybold trade show last week in San Francisco, where the Apple cofounder seemed to win over attendees with his explanation of why he had made certain key decisions, killing the clone market and aligning more closely with Microsoft. The Seybold crowd--as well as some Apple employees--also seemed to be buoyed by the increasing role Jobs has taken on at the company as board member and interim CEO.

But others, like Dell, appear to think that Jobs's expanded role isn't helping. There is some concern that Apple will have a hard time recruiting a top-notch CEO because of Jobs's presence.

Others fear that Apple could end up completely in Microsoft's camp by deciding to use the NT operating system on its servers. Apple is reportedly planning to come out with network computers that would require high-end servers to function.

While many industry executives have offered opinions on how to right Apple's ship, no high-level executive has made as blatant a comment as Dell's.


Read more:

http://news.cnet.com/2100-1001-20393...#ixzz10OA77lyA
post #15 of 76
From a worldwide brand recognition standpoint I think Google is better known and it is a verb as well as noun.

iPhone it. Maybe someday.

Life is too short to drink bad coffee.

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Life is too short to drink bad coffee.

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post #16 of 76
Quote:
Originally Posted by DCJ001 View Post

Are you sure?

He's 41 years old with a net worth of over $17 billion.

Steve's net work is just more than $6 billion.

Don't feel sorry for Dell.

nono no
bobble head dell said about 10 yrs ago that apple was so crappy and poorly run that they should just close up sshopand fade away

true story
whats in a name ? 
beatles
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whats in a name ? 
beatles
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post #17 of 76
Aww... how cute. That young company I got my first computer from more than two decades ago has has grown up into a mega corporation.
The true measure of a man is how he treats someone that can do him absolutely no good.
  Samuel Johnson
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The true measure of a man is how he treats someone that can do him absolutely no good.
  Samuel Johnson
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post #18 of 76
Quote:
Originally Posted by davebarnes View Post

It can't last as "Apple is closed" and we all know that "open wins¡

Love it!
Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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post #19 of 76
That's just insane. I still can't fathom Apple being bigger than MS, or Sony, or HP, or a host of other "big" companies. I still think of Apple as a maker of nice, high-end PCs with a niche operating system.

And I knew I should have bought some stock when they dipped down to $240 a little while ago. Oh well. Still time to get some more before they go to $300... and BEYOND!

- Jasen.
post #20 of 76
Oh the pain and joy of owning a load of Apple stock! I'd love to cash in but greed keeps me staying in for the long haul ...
Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
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Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
Reply
post #21 of 76
Quote:
Originally Posted by ncee View Post

So you know, the new product will be called iSaid, followed up by a bigger and better version called iTolduso.

Sosumi
post #22 of 76
Quote:
Originally Posted by jasenj1 View Post

That's just insane. I still can't fathom Apple being bigger than MS, or Sony, or HP, or a host of other "big" companies.

Market cap is just one measure of a company's size, and a somewhat arbitrary measurement at that. Still, it is one way of looking at the staggering amount of earnings growth Apple has posted over the last few years. It's a feat you don't see often.
Please don't be insane.
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Please don't be insane.
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post #23 of 76
Quote:
Originally Posted by mstone View Post

From a worldwide brand recognition standpoint I think Google is better known and it is a verb as well as noun.

iPhone it. Maybe someday.

I think this list is pretty impressive ...


Which companies have the best reputations?

Apple tops the list for the third year in a row.

Apple
Google
Berkshire Hathaway
Johnson & Johnson
Amazon.com
Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
Reply
Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
Reply
post #24 of 76
Quote:
Originally Posted by digitalclips View Post

I think this list is pretty impressive ...


Which companies have the best reputations?

Apple tops the list for the third year in a row.

Apple
Google
Berkshire Hathaway
Johnson & Johnson
Amazon.com

I don't know how Google got on that list. They don't even have a phone number or any kind of customer support. Although they do send me checks every month.

Life is too short to drink bad coffee.

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Life is too short to drink bad coffee.

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post #25 of 76
Quote:
Originally Posted by brucep View Post

i guess m dell is feeling stupid right now

Dell's been feeling/looking stupid for about a decade or so. Nothing makes you feel as stupid as having your 100% wrong, loudmouthed opinion bouncing around the internet for years. Especially when YOUR OWN company falls apart while the one you were trashing takes over the world. Horse's ass? Nobody's arguing.

What Apple should do now is:

1) Buy Verizon outright.
2) Fire all the Verizon execs.

Quote:
Originally Posted by ncee View Post

So you know, the new product will be called iSaid, followed up by a bigger and better version called iTolduso.

iWantItAll
post #26 of 76
Quote:
Originally Posted by mstone View Post

I don't know how Google got on that list. They don't even have a phone number or any kind of customer support.

LOL true.
Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
Reply
Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
Reply
post #27 of 76
Quote:
Originally Posted by Mister Snitch View Post

What Apple should do now is:

1) Buy Verizon outright.
2) Fire all the Verizon execs.

Nah, Verizon wouldn't add much value for Apple shareholders. As a matter of fact, it would be a significant liability, with their $57 billion of debt.

Besides, Apple rightfully considers mobile operators to be dumb pipes: AT&T, Orange, O2, Rogers, China Unicom, etc. They are all dumb pipes. Verizon is no different: just another dumb pipe.
post #28 of 76
Well, by now he's 45 and worth 13 billion and change ...

... but whats a few billion among fellow CEOs?

Your point is taken.

Maybe he could use some of that wealth, wipe out his old identity, get a fresh start and save himself all the embarrassment.



Quote:
Originally Posted by DCJ001 View Post

Are you sure?

He's 41 years old with a net worth of over $17 billion.

Steve's net work is just more than $6 billion.

Don't feel sorry for Dell.
post #29 of 76
To those of us who were defending Apple during the "beleaguered 90's", this article seems utterly mind-boggling.
post #30 of 76
Quote:
Originally Posted by Mister Snitch View Post

Dell's been feeling/looking stupid for about a decade or so. Nothing makes you feel as stupid as having your 100% wrong, loudmouthed opinion bouncing around the internet for years. Especially when YOUR OWN company falls apart while the one you were trashing takes over the world. Horse's ass? Nobody's arguing.

What Apple should do now is:

1) Buy Verizon outright.
2) Fire all the Verizon execs.



iWantItAll

Actually Adobe dropped 20% earlier this week on bad earnings and guidance... Apple could pick them up for pocket change and kill Flash once and for all.
post #31 of 76
Quote:
Originally Posted by ncee View Post

It sure sounds like, Apple WILL be the largest company in the world, within the next 6-7 months.

- After MORE iPad, iPhone sales, which will be a lot after Verizon and the addition of the camera to the iPad

Good for them!

Hell some would have to call this a miracle, seeing they won't suppose to be around much longer (some 8-10 years ago)

Skip

Oh, this is a BIG smile on my face I purchased the stock at UNDER $20.00 a share! Boy do I wish I bought more then

Wait until, the iPad 2 drops next year! All hell will break loose up in this bi***!!!!!
Can you imagine an iPad with ISP and retina display!!!!!! Jesus Christ !!!!!!!
AHHHHHHHHHH!!!!!!
OMFG!!!!!!!!
post #32 of 76
Ah it's so refreshing to read about this an see the appl stock curve rising and shining. I often have to think how it was in the dark 90ties, when apple seamed on the brink of cracking. And most of my friends wouldn't understand, why I was still buying something like the Quadra610. And now this and so much more to come. AppleTv being only a hobby, but guess what potential there is with all the iOS' ecosystem.
post #33 of 76
Ok Apple, when you reach #1, I have a few new ideas to branch out with:

1. Go Patriotic and design an electric car, the one we all want to buy.

2. Design a new remote for all TV/Entertainment devices. Or a TV/DVR Interface that could catch on so we could all standardize our components and the means to control them with a simple download. The remote, perhaps a new titanium, would be irresistible to men.

2a. Better yet, return fire on Samsung and design a bigger, thinner, lighter, brighter LCD HD TV.

3. Design a better battery, including consumer sizes (AAA, AA, D).

4. Turn the lighting industry upside-down. Design LED Lights that are brighter, whiter, lighter and righter. Create a new socket standard. Design a light that really does last longer and saves $.

5. You're currently looking into ditching the old headphone jack design...something I've hated for years. When you're done with that, get into the field of electricity. We need entirely new standards for moving electrons, including a new interface for appliances to be plugged in.

6. Be the first at bat with the resealable aluminum can. That might change the world more than anything you've done so far.

All these things are going to change. Might as well be Apple leading the charge, with their world-class engineering team.
post #34 of 76
Quote:
Originally Posted by Booga View Post

Actually Adobe dropped 20% earlier this week on bad earnings and guidance... Apple could pick them up for pocket change and kill Flash once and for all.

I wouldn't want Flash on my mobile devices, but for mouse oriented desktops I believe Flash has still a long future. I used to do quite some flash programming myself to produce a whole website with interactive animation and the like. It's really quite versatile. People using Flash only for video play back, is like having a Ferrari just to light their cigarett.
post #35 of 76
Quote:
Originally Posted by davebarnes View Post

It can't last as "Apple is closed" and we all know that "open" wins¡
Just wait until the Windows Phone 7 arrives.
And, the CrackPad.
And, the HP Slate.
And, netbooks will destroy overpriced MacBooks.

Yeah YEah....we've heard of all these products destroying Apple and NONE have accomplished it. Guess a girl can have her dreams huh?
post #36 of 76
Quote:
Originally Posted by brucep View Post

i guess m dell is feeling stupid right now

good point...I think all the PC manufactures and PC users, especially corporate users have been hurt by MicroSoft's clumsy attempts at making an OS. I know I have in the past....up to 3AM reinstalling Windows....albeit that was 10 years ago with '98. Sheez!
post #37 of 76
Quote:
Originally Posted by maccherry View Post

Wait until, the iPad 2 drops next year! All hell will break loose up in this bi***!!!!!
Can you imagine an iPad with ISP and retina display!!!!!! Jesus Christ !!!!!!!
AHHHHHHHHHH!!!!!!
OMFG!!!!!!!!

BREATH DUDE BREATH! LOL..I'm stoked for it to though...Wee-Heeeeeeeeeeeee!!!!
post #38 of 76
Quote:
Originally Posted by stevetim View Post

You wait until Jobs and company releases their new product called iOil. Then you will see them become largest market cap company.

Yep, Apple is one Exxon oil spill away from being the largest! Let's hope a spill doesn't happen and Apple does on the sale of iPads....

FYI: In the last 2 years BP had 781 fines against it for non-compliance to regulatory standards....anyone want to guess who was second?

Exxon

Anyone want to guess how my fines Exxon had in the same time period?



2!

No wonder BP f'd up in the Gulf
post #39 of 76
Quote:
Originally Posted by Mister Snitch View Post


What Apple should do now is:

1) Buy Verizon outright.
2) Fire all the Verizon execs.



iWantItAll

I like it! But it's a bit harsh...what I would do is line them all up against a wall and ask every fourth one to step fwd....those remaining are fired! Ahhh! You're right fire them all!

I've been saying this for years...Verizon had a chance to have the coolest product (iPhone) in the last decade...and their Executive staff passed! What f'heads! I mean talk about more foreskin than foresight! Sheez! They should all be replaced for this fact alone!

Yep, buy Verizon and only carry the iPhones with a $49/mo 'unlimited' plan and a second tier pay as you go 'basic' Nano iPhone for the Walmart crowd, made by LG, $19/mo unlimited calls and text! No Blackberries, no 'roids!' Close all the Verizon stores, too and just use Radio Shack, Best Buy and Walmart and online. F' Amazon and Target!

PSS. I'm not a big fan of Satellite TV companies...but wouldn't it be great if Apple bought DirectTV or DishTV...and rebranded it AppleTV. Talk about solving the 'Get to Market' problem Stevo is talking about....
post #40 of 76
Quote:
Originally Posted by coolcat View Post

BREATH DUDE BREATH! LOL..I'm stoked for it to though...Wee-Heeeeeeeeeeeee!!!!

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