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Apple ends day the most valuable public company on Earth

post #1 of 41
Thread Starter 
After temporarily passing oil giant Exxon Mobil in market capitalization yesterday, Apple has jumped into the lead again and remained there as the market closed today.

Apple's market cap valuation, which ended the day at $337.2 billion, edged into the lead despite the stock falling down 2.8 percent today. Exxon was valued at $330.8 billion after its shares closed down 4.4 percent for the day.

Market capitalization only pertains to how much, in total, the outstanding shares in a publicly held company are valued by the market. Apple's stock price is based on the composite of what investors think the company is worth now, combined with how much potential it has to grow earnings and expand into new markets in the future.

In the past year, Apple has earned $23.6 billion on revenues of more than $100 billion. Exxon has earned almost $38 billion but has collected revenues of nearly $393 billion.

As Apple has appreciated in value, it passed Dell, HP and finally Microsoft in May of 2010. It is currently worth over $130 billion more than Microsoft (which ten years ago was itself worth more than Exxon).


post #2 of 41
"Apple has jumped into the lead again" suggests that Apple having a greater market cap than Exxon is a result of Apple's stock price increasing. In fact, Apple started the day at $374.01 and closed at $363.69. The change is because Exxon's price fell more over the day than Apple's.
post #3 of 41
Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html
post #4 of 41
Quote:
Originally Posted by JamesJpn View Post

Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html

From that article: "Apple, which is based in Cupertino, Calif., generally introduces a new product every three years, which means something new in 2013. Marshall does not expect the company to slow down any time soon."

Uhhhhhhh... if Apple is going to now only release a new product every 3 years then they're definitely slowing down.
post #5 of 41
Quote:
Originally Posted by neiltc13 View Post

"Apple has jumped into the lead again" suggests that Apple having a greater market cap than Exxon is a result of Apple's stock price increasing. In fact, Apple started the day at $374.01 and closed at $363.69. The change is because Exxon's price fell more over the day than Apple's.

Wait, is this my ex-wife online?
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post #6 of 41
Quote:
Originally Posted by franktinsley View Post

Uhhhhhhh... if Apple is going to now only release a new product every 3 years then they're definitely slowing down.

How do you figure?

ipod in 2001
iphone/appletv in 2007
ipad in 2010
Disclaimer: The things I say are merely my own personal opinion and may or may not be based on facts. At certain points in any discussion, sarcasm may ensue.
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Disclaimer: The things I say are merely my own personal opinion and may or may not be based on facts. At certain points in any discussion, sarcasm may ensue.
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post #7 of 41
Quote:
Originally Posted by JamesJpn View Post

Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html

You could infer that Apple is smaller than PetroChina, but strangely, the article didn't offer any value to those international companies. I am left wondering whether being number one internationally means more or less value than being number 1 in the U.S., and by how much.
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post #8 of 41
Quote:
Originally Posted by JamesJpn View Post

Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html

Those are state owned enterprises and thus they don't actually have a market cap, another would be Aramco which has been valued in the past at over a trillion dollars. But it's not a meaningful comparison, you can only compare market cap with other publicly traded firms - and of those Apple is the most valuable.
post #9 of 41
Quote:
Originally Posted by Robin Huber View Post

Wait, is this my ex-wife online?

No, She's mine... But, you're welcome to her!
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"Swift generally gets you to the right way much quicker." - auxio -

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post #10 of 41
How do they fair on the moon though? That's the real question on everyone's chapped-lips.
Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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post #11 of 41
Quote:
Originally Posted by mjtomlin View Post

How do you figure?

ipod in 2001
iphone/appletv in 2007
ipad in 2010

Ignoring every model of computer for whatever reason, I guess...

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

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Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

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post #12 of 41
Quote:
Originally Posted by JamesJpn View Post

Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html

What if there's no other planets in the Universe with stock markets? Apple could be the most valuable company in the Universe! Think about it.

"Apple should pull the plug on the iPhone."

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"Apple should pull the plug on the iPhone."

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post #13 of 41
Quote:
Originally Posted by Tallest Skil View Post

Ignoring every model of computer for whatever reason, I guess...

Umm a product refresh does not count as a new product.

iMac 1997
Mac Mini 2003
MacBook 2005
MacBook Pro 2006
Mac Pro 2006
MacBook Air 2006
Mac Mini Server 2007
Mac Pro Server 2010

My dates are more than likely out because I was working off the top of my head but there have been no new Macs since around 2005/2006 just product refreshes.

Going on this basis it's been 1 year since a new Mac product was introduced.
post #14 of 41
Quote:
Originally Posted by Dick Applebaum View Post

No, She's mine... But, you're welcome to her!

Take my wife.....please!
post #15 of 41
Quote:
Originally Posted by lowededwookie View Post

Umm a product refresh does not count as a new product.

iMac 1997
Mac Mini 2003
MacBook 2005
MacBook Pro 2006
Mac Pro 2006
MacBook Air 2006
Mac Mini Server 2007
Mac Pro Server 2010

My dates are more than likely out because I was working off the top of my head but there have been no new Macs since around 2005/2006 just product refreshes.

Going on this basis it's been 1 year since a new Mac product was introduced.

Here are the correct years.

iMac - 1998
iBook - 1999
Mac mini - 2005
MacBook - 2006 (year of the Intel switch and introduction of Intel Macs)
MacBook Air - 2008
Mac mini - Server - 2009

One might also consider design overhauls as counting.

Anyway, I guess the author means game changing introductions like the iPod, iPhone, iPad and now the MacBook Air, products that grab much more consumers than other Apple products do.
post #16 of 41
Your linked article isn't the only one written today or yesterday on the subject. I suggest you poke around a bit to find a few more articles that make the valid point : biggest on the planet earth!
post #17 of 41
So in other news, Apple has announced plans to go to the moon to open an Apple store.
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post #18 of 41
Quote:
Originally Posted by JamesJpn View Post

Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html

I believe headline of that article is wrong. My understanding is that Apple is now the largest publicly traded company in the world. If you are aware of a larger one, I would be interested to see. I suppose both articles may be right, because I do not believe there are any private companies in the US that are larger.

http://allthingsd.com/20110810/apple...-passes-exxon/

By the way if you are referring to

Quote:
International companies that vie for the most valuable spot include PetroChina Co., the publicly traded unit of China's biggest oil and gas company, and Petrobras, Brazil's state-controlled energy company.

He is either just wrong or not referring to the market cap of the publicly trade arms of those companies. It is not unusual form the AP to be wrong or unclear, take your pick. Both of those companies have smaller market caps then Exxon. Petrobas has a lower cap then Microsoft.

PetroChina did reach a trillion when it debuted, but that was short lived.
post #19 of 41
Quote:
Originally Posted by spinnerlys View Post

Here are the correct years.

EXACTLY. For HEAVEN'S sake, how do you get that many wrong?

Quote:
there have been no new Macs since around 2005/2006 just product refreshes.

As has already been shown, this is nonsense.

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply
post #20 of 41
Quote:
Originally Posted by JamesJpn View Post

Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html

Market cap is shares outstanding x share price.
PTR is only $223 billion.
http://finance.yahoo.com/q/ks?s=PTR

The government owns 86% of the company. The rest is public.
post #21 of 41
Quote:
Originally Posted by Robin Huber View Post

You could infer that Apple is smaller than PetroChina, but strangely, the article didn't offer any value to those international companies. I am left wondering whether being number one internationally means more or less value than being number 1 in the U.S., and by how much.

The article title says on the Earth. As far as I know that includes China. BTW Apple passed PetroChina many months ago.

"A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools." Douglas Adams

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"A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools." Douglas Adams

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post #22 of 41
Quote:
Originally Posted by tomlawler View Post

Your linked article isn't the only one written today or yesterday on the subject. I suggest you poke around a bit to find a few more articles that make the valid point : biggest on the planet earth!

Unfortunately that weird AP article makes up a lot of those links. But the story here is accurate.
post #23 of 41
First, Apple had to get past the above-ground fossils.

Now, it's taking on the below-ground......
post #24 of 41
Quote:
Originally Posted by Ireland View Post

How do they fair on the moon though? That's the real question on everyone's chapped-lips.

Yep, the moon is fair (when not full).
post #25 of 41
Quote:
Originally Posted by Realistic View Post

The article title says on the Earth. As far as I know that includes China. BTW Apple passed PetroChina many months ago.

Yeah , I think what the author of the AP article was trying to do was include private companies, since the publicly traded parts of PetroChina and PetroBas are just branches of the larger entities. Unfortunately the article repeatedly talks about market cap a lot and then goes off on an un related tangent. It never bothers to explain it either. AP revises stories fairly often, perhaps they will try and clarify.
post #26 of 41
Quote:
Originally Posted by JamesJpn View Post

Not earth but rather the USA. Here is at least my source.
http://seattletimes.nwsource.com/htm...eatsexxon.html

WRONG! Expand your horizons and read multiple sources.

The article title says on the Earth. As far as I know that includes China and the claim is valid, for today at least.

"A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools." Douglas Adams

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"A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools." Douglas Adams

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post #27 of 41
Quote:
Originally Posted by Realistic View Post

WRONG! Expand your horizons and read multiple sources.

The article title says on the Earth. As far as I know that includes China and the claim is valid, for today at least.

For a public company, yes.
PTR is only 14% public.
post #28 of 41
Quote:
Originally Posted by cloudgazer View Post

Those are state owned enterprises and thus they don't actually have a market cap, another would be Aramco which has been valued in the past at over a trillion dollars. But it's not a meaningful comparison, you can only compare market cap with other publicly traded firms - and of those Apple is the most valuable.

That's right.
post #29 of 41
Quote:
Originally Posted by lowededwookie View Post

Umm a product refresh does not count as a new product.

iMac 1997
Mac Mini 2003
MacBook 2005
MacBook Pro 2006
Mac Pro 2006
MacBook Air 2006
Mac Mini Server 2007
Mac Pro Server 2010

My dates are more than likely out because I was working off the top of my head but there have been no new Macs since around 2005/2006 just product refreshes.

Going on this basis it's been 1 year since a new Mac product was introduced.

Time Capsule, Magic Mouse, XServe, iPod shuffle, iPod nano, iPod touch, Airport, Airport Express, Magic Mouse, Magic Trackpad, Studio Display, Cinema Display, LED/Thunderbolt display

Yes, they are not the category defining products we are thinking about, but Apple is able to generate hype over new colors and NAS... The ecosystem is worth noting, particularly for accuracy's sake.
post #30 of 41
Quote:
Originally Posted by Slang4Art View Post

Time Capsule, Magic Mouse, XServe, iPod shuffle, iPod nano, iPod touch, Airport, Airport Express, Magic Mouse, Magic Trackpad, Studio Display, Cinema Display, LED/Thunderbolt display

Yes, they are not the category defining products we are thinking about, but Apple is able to generate hype over new colors and NAS... The ecosystem is worth noting, particularly for accuracy's sake.

Don't forget Mac OS X and Intel Macs.
These were extremely significant.
post #31 of 41
Yay Apple
Where are we on the curve? We'll know once it goes asymptotic!
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Where are we on the curve? We'll know once it goes asymptotic!
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post #32 of 41
From your parents' garage to most valuable company in the world. Atta boy Steve!

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post #33 of 41
I was working in the Macintosh tech support group for an ISP, everyone was predicting Apple's imminent demise, the group was being broken up and the stock was trading at 13. Damn.
post #34 of 41
Quote:
Originally Posted by Gary54 View Post

I was working in the Macintosh tech support group for an ISP, everyone was predicting Apple's imminent demise, the group was being broken up and the stock was trading at 13. Damn.

I had 30 shares I sold at $17 (after my ex split so she wouldn't get any of it ). I had bought at like $25.
That $510 would have now been $23334.60.

post #35 of 41
Quote:
Originally Posted by Chris_CA View Post

I had 30 shares I sold at $17 (after my ex split so she wouldn't get any of it ). I had bought at like $25.
That $510 would have now been $23334.60.


Are you accounting for splits? Remember the stock has split twice since June 2000.

I was telling everyone I knew to buy Apple shortly after Jobs regained the helm in December 1997 at (an adjusted) $3.23/share. If only I hadn't been a penniless high school student at the time. \
post #36 of 41
As much as I like Apple, doesn't anyone else find it a bit worrying that what investors have valued the most valuable company in the world makes most of it's profit from selling a phone. It wan't that long ago that Motorola had the No 1 phone and before that Nokia, there not exactly doing particularly well now.

Quote:
Originally Posted by Chris_CA View Post

Don't forget Mac OS X and Intel Macs.
These were extremely significant.

Can't believe nobodys mentioned iTunes!!!
post #37 of 41
Quote:
Originally Posted by timgriff84 View Post

As much as I like Apple, doesn't anyone else find it a bit worrying that what investors have valued the most valuable company in the world makes most of it's profit from selling a phone. It wan't that long ago that Motorola had the No 1 phone and before that Nokia, there not exactly doing particularly well

exactly...in 10 years, Apple won't even be in the top 10, but ExxonMobil will still be there. Oil still rules.
post #38 of 41
Quote:
Originally Posted by timgriff84 View Post

As much as I like Apple, doesn't anyone else find it a bit worrying that what investors have valued the most valuable company in the world makes most of it's profit from selling a phone. It wan't that long ago that Motorola had the No 1 phone and before that Nokia, there not exactly doing particularly well now.



Can't believe nobodys mentioned iTunes!!!

Not at all. It shows that Apple isn't standing still or resting on its laurels, like Motorola and Nokia. Apple is also truly INNOVATING with a NEW TYPE of phone--all VERY unlike Motorola and Nokia.

The uniqueness here is that Apple has been very busy this past DECADE developing OS X. Steve said at his initial keynote for OSX a decade ago that Apple is betting its future on the OS. Well, they did. And now it's paying off in spades.

No other company can hope to compete with the current Apple ecosystem of OSX, iOS, products, and retail stores without an effort of comparable magnitude.

Daniel Swanson

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post #39 of 41
Quote:
Originally Posted by anantksundaram View Post

Yep, the moon is fair (when not full).

fare lol
Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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post #40 of 41
Quote:
Originally Posted by JunkMailfever View Post

exactly...in 10 years, Apple won't even be in the top 10, but ExxonMobil will still be there. Oil still rules.

It seems like you have a lock on the future... could I get some lottery numbers from you?

I'm quite sure that Apple won't be at or near the top in 10 years... but I would never go so far to say that it won't be in the top 10.
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