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Apple now worth as much as all euro zone banks

post #1 of 61
Thread Starter 
With a sharp selloff pummeling share prices throughout European banking sector this week, Apple's valuation is now strikingly equal to all 32 of the biggest euro zone banks combined.

That's the result of the DJ STOXX euro zone banks index bleeding a third of its value since the start of July, driven by sharp declines in the share price of big banks such as Spain's Santander, France's BNP Paribas, Germany's Deutsche Bank and Italy's Unicredit.

The index fell another 4 percent on Friday, dropping the combined value of its 32 members to $340 billion. That's precisely the market capitalization that Apple has soared to in recent months on the success of its iPhone and iPad devices.

For Apple, the accolade is just the latest in a growing string of financial related achievements. In addition to its back-and-forth battle with Exxon Mobile for the title of the most valuable company in the world, it was disclosed last month the the iPad maker's $76B in cash reserves recently surpassed the US government's own operating balance.

Back in June, it was also estimated that Apple's then war chest of $70 billion would have been enough to potential buy out rivals Nokia, Research in Motion, HTC and Motorola.
post #2 of 61
are these stories really necessary anymore? i think we get the point, apple is a very successful company.
post #3 of 61
No big surprise here.....
post #4 of 61
St least for Apple. Whats gonna happen when China Mobile comes on board.
If Samsung is shut out of Europe and elsewhere.
Also, HTC might start giving up on Android
Android might have to look a little different to the others if Oracle gets their way.
HP/Palm are going down in flames.

Microsoft/Nokia will probably only have one shot to prove themselves capable.
post #5 of 61
Nice job on deleting the responses which pointed out your article's original mistake - censorship kings.

PS. You STILL haven't gotten it right - it's $340 BILLION not million !!
post #6 of 61
Quote:
Originally Posted by DamenS View Post

Nice job on deleting the responses which pointed out your article's original mistake - censorship kings.

PS. You STILL haven't gotten it right - it's $340 BILLION not million !!


Yeah, my thoughts exactly... $340,000,000 is 1/223 of the CASH on Apple's balance sheet ($76B).
post #7 of 61
Mods please delete this post
post #8 of 61
Quote:
Originally Posted by punkrocker27ka View Post

are these stories really necessary anymore? i think we get the point, apple is a very successful company.

Don't care ? then don't comment ! for God sake
post #9 of 61
Quote:
Originally Posted by punkrocker27ka View Post

are these stories really necessary anymore? i think we get the point, apple is a very successful company.

It makes for fun chatter in otherwise gloomy financial news though. I certainly hope Apple doesn't go into banking like GE did, look at GE's balance sheet!
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post #10 of 61
"The index fell another 4 percent on Friday, dropping the combined value of its 32 members to $340 million. That's precisely the market capitalization that Apple has soared to in recent months on the success of its iPhone and iPad devices."

Good heavens, I've met people worth $340 million!
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post #11 of 61
Quote:
Originally Posted by punkrocker27ka View Post

are these stories really necessary anymore? i think we get the point, apple is a very successful company.

Having grown up with Apple over a nearly three-decade period when "Apple is doomed" was the mantra, I love these stories.

If you don't like them, go somewhere else.

Thanks, AI!
post #12 of 61
I like these stories. In 1997 Apple was nearly bankrupt. Now they are the king of the hill. Let us enjoy the moment!

Why do readers get so bent out of shape over a silly typo?

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Please update the AppleInsider app to function in landscape mode.

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post #13 of 61
Quote:
Originally Posted by anantksundaram View Post

Having grown up with Apple over a nearly three-decade period when "Apple is doomed" was the mantra, I love these stories.

If you don't like them, go somewhere else.

Thanks, AI!

agreed
post #14 of 61
As much as I want Apple to succeed, I am worried about the economy in general. It's hard enough now, but if the world-wide recession continues or gets worse, it certainly won't be good news to most of us.\
post #15 of 61
Good for Apple!

Morons and other pathetic people have long been speaking of and wishing for Apple's demise. These clueless people are probably more bitter than ever now, because of Apple's amazing, but well deserved success.
post #16 of 61
Quote:
Originally Posted by punkrocker27ka View Post

are these stories really necessary anymore? i think we get the point, apple is a very successful company.

Absolutely, if for no other reason than to offset the various trolls who seem to live here. Isn't there a site somewhere for these troll to gather .... other than an Apple fan site?

Mind you, I guess it would be pretty depressing to hang out on those sites for any length of time.
Apple is not Appl ...... Please learn the difference!    
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Apple is not Appl ...... Please learn the difference!    
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post #17 of 61
Quote:
Originally Posted by newbee View Post

Mind you, I guess it would be pretty depressing to hang out on those sites for any length of time.

Why do you think they're here?

post #18 of 61
what is this obsession to compare Apple with every single company or bank or goverment in the world? Stop this madness.
post #19 of 61
Perhaps the Greeks should have invested all their money into apple stock back when they were cooking their books back in 2000. Would be no crisis right now.
--SHEFFmachine out
Da Bears!
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--SHEFFmachine out
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post #20 of 61
Quote:
Originally Posted by smartj3 View Post

what is this obsession to compare Apple with every single company or bank or goverment in the world? Stop this madness.

If you had read the thread (you didn't, obviously), you'd know why Apple being rich as peas is a big deal.

Originally Posted by asdasd

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Originally Posted by asdasd

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post #21 of 61
Quote:
Originally Posted by smartj3 View Post

what is this obsession to compare Apple with every single company or bank or goverment in the world? Stop this madness.

I say FUCK**OFF u fandroids..........
post #22 of 61
Quote:
Originally Posted by UMAIR View Post

I say..........

I'm gonna do some wordplay on your name; don't take it the wrong way.

U MAD, UMAIR?

Seriously, tone it down. We can prove them wrong; we can't outright go postal on them.

Originally Posted by asdasd

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Originally Posted by asdasd

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post #23 of 61
Quote:
Originally Posted by jd_in_sb View Post

Why do readers get so bent out of shape over a silly typo?


Because it questions the credibilty of the source as a whole... I know this is a rumor site, but still...
post #24 of 61
Quote:
Originally Posted by anantksundaram View Post

Having grown up with Apple over a nearly three-decade period when "Apple is doomed" was the mantra, I love these stories.

If you don't like them, go somewhere else.

Thanks, AI!

Over three decades here and totally agree.
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Been using Apples since 1978 and Macs since 1984
Long on AAPL so biased. Strong advocate for separation of technology and politics on AI.
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post #25 of 61
Right, because the markets are clearly and rationally valuing Euro zone banks right now...
post #26 of 61
Quote:
Originally Posted by DamenS View Post

You STILL haven't gotten it right - it's $340 BILLION not million !!

They're only "European" banks.
post #27 of 61
Quote:
Originally Posted by UMAIR View Post

I say FUCK**OFF u fandroids..........

So you registered a couple of months ago and now own this place?
post #28 of 61
Quote:
Originally Posted by smartj3 View Post

what is this obsession to compare Apple with every single company or bank or goverment in the world? Stop this madness.

It's simply to prove that Apple is the best at what they do. It also has the added benefit of making any naysayers upset.

And did you know that Android users on average are both poorer and lesser educated than iOS users? Many surveys show that to be the case, here's a recent one.

http://blog.hunch.com/?p=51781

post #29 of 61
Quote:
Originally Posted by juandl View Post

Also, HTC might start giving up on Android

Nope sorry, that's still a dream of yours http://techcrunch.com/2011/08/19/htc...motorola-deal/
post #30 of 61
Quote:
Originally Posted by DamenS View Post

Nice job on deleting the responses which pointed out your article's original mistake - censorship kings.

PS. You STILL haven't gotten it right - it's $340 BILLION not million !!

Hey, do you join a club or enter a bar and immediately start bitching about the way it is run.

It is a privilege, provided to you by AI, for you to be here... not your right!

Behave yourself.
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post #31 of 61
Quote:
Originally Posted by digitalclips View Post

"The index fell another 4 percent on Friday, dropping the combined value of its 32 members to $340 million. That's precisely the market capitalization that Apple has soared to in recent months on the success of its iPhone and iPad devices."

Good heavens, I've met people worth $340 million!

I have too -- at Woz's weddings -- some of them were even 20 years old
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post #32 of 61
Quote:
Originally Posted by Dick Applebaum View Post

I have too -- at Woz's weddings -- some of them were even 20 years old

Were any attractive, single females?
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post #33 of 61
Quote:
Originally Posted by digitalclips View Post

Over three decades here and totally agree.

On my Birthday, Aug 29, it will be 33 years since I got my Apple ][ 16 KB RAM and game paddles.

AIR, that cost my wife $1,600 in 1978 dollars (I think about $5,000, today).


Aside: is it is it me -- or is everyone using Lion having trouble typing?
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post #34 of 61
Quote:
Originally Posted by digitalclips View Post

Were any attractive, single females?

No... mostly pimply-faced nerds.

At one wedding, the entertainment was Emmy Lou Harris -- and she commented that nobody had ever tried to dance to her music before.
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post #35 of 61
Just to further piss-off the trolls, here's a quote that seems appropriate to the emerging "tablet" market and the post-pc era.

Alan Kay was quoted after the original iPhone announcement:

“When the Mac first came out, Newsweek asked me what I [thought] of it. I said: Well, it’s the first personal computer worth criticizing. So at the end of the presentation, Steve came up to me and said: Is the iPhone worth criticizing? And I said: Make the screen five inches by eight inches, and you’ll rule the world.”

http://gigaom.com/2010/01/26/alan-ka...ule-the-world/
"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
- Michael Lille -
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"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
- Michael Lille -
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post #36 of 61
I registered to chime in. Long time reader and Mac owner since '85. These record/ unprecedented profits are largely on the backs of over worked, grossly underpaid, Chinese people working at Foxconn, that commit suicide when the pressure of their work conditions gets too intense. And now these same people will be replaced by machines to assemble our beloved phones and pads because of the rising cost of workers!!! So really in the end how much is enough? If Apple paid fair wages to American assembly workers what would their coffers hold? 30-40 billion? Isn't that enough?

I celebrate Apple's success like the rest of you. I remember when it seemed like it was going to end. I too was sad. But it was deserved, man that Performa 6300 I struggled with sure was a dog....Steve J did save the co. But this latest incarnation of Apple policy is troubling to me. It doesn't jibe with the Apple I knew and loved. Greed never seemed synonymous with them, now it does.
post #37 of 61
Quote:
Originally Posted by Lmac12 View Post

Foxconn...

Yes, yes, blah, blah.

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post #38 of 61
Quote:
Originally Posted by Lmac12 View Post

I registered to chime in. Long time reader and Mac owner since '85. These record/ unprecedented profits are largely on the backs of over worked, grossly underpaid, Chinese people working at Foxconn, that commit suicide when the pressure of their work conditions gets too intense. And now these same people will be replaced by machines to assemble our beloved phones and pads because of the rising cost of workers!!! So really in the end how much is enough? If Apple paid fair wages to American assembly workers what would their coffers hold? 30-40 billion? Isn't that enough?

I celebrate Apple's success like the rest of you. I remember when it seemed like it was going to end. I too was sad. But it was deserved, man that Performa 6300 I struggled with sure was a dog....Steve J did save the co. But this latest incarnation of Apple policy is troubling to me. It doesn't jibe with the Apple I knew and loved. Greed never seemed synonymous with them, now it does.

Welcome.

You should know that the China labor and US Jobs issues have been discussed at great length on AI forums... with no resolution.

Just a couple of points to consider:

1) without those over-worked, under-paid jobs at Foxconn -- many of those same people would be working in the fields or rice paddies -- for a back-breaking 16 hours per day. Others would be in steel mills, mines, refineries etc. with unhealthy working environments. Still others would have no jobs at all.

2) if state and federal regulations would allow Apple (and others) to manufacture in the US the cost of doing so would, likely, be prohibitive.

3) To do so, Apple would need to drastically raise their prices and reduce their profits. And they still wouldn't be competitive with those who take advantage of the Chinese system you decry.

4) By leaving markets or not being able to enter new markets, Apple would likely need to significantly reduce their physical plant and workforce around the world -- including the US. Why would Apple need build that new campus if there were no need for the 13,000 employees it will house. Loss of those construction jobs and the fanout of services (restaurants, janitors, teachers, theaters, bowling alleys, dry cleaners...) would be a significant job loss in addition to the 13,000 jobs lost at Apple.


So, you see these are not simple problems with simple solutions.


They are not problems that Apple created, nor can Apple be expected to rectify them.
"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
- Michael Lille -
Reply
"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
- Michael Lille -
Reply
post #39 of 61
Quote:
Originally Posted by punkrocker27ka View Post

are these stories really necessary anymore? i think we get the point, apple is a very successful company.

Oh look, another '11 with a negative Apple approach.
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post #40 of 61
Quote:
Originally Posted by Lmac12 View Post

I registered to chime in. Long time reader and Mac owner since '85. These record/ unprecedented profits are largely on the backs of over worked, grossly underpaid, Chinese people working at Foxconn, that commit suicide when the pressure of their work conditions gets too intense. And now these same people will be replaced by machines to assemble our beloved phones and pads because of the rising cost of workers!!! So really in the end how much is enough? If Apple paid fair wages to American assembly workers what would their coffers hold? 30-40 billion? Isn't that enough?

I celebrate Apple's success like the rest of you. I remember when it seemed like it was going to end. I too was sad. But it was deserved, man that Performa 6300 I struggled with sure was a dog....Steve J did save the co. But this latest incarnation of Apple policy is troubling to me. It doesn't jibe with the Apple I knew and loved. Greed never seemed synonymous with them, now it does.

A Mac owner since 85 and registered today? Gimme a break... Where do all these noobs come from anyway?
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