Apple's gains make it second-largest stock in the world
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.
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.
Comments
Just wait until the Windows Phone 7 arrives.
And, the CrackPad.
And, the HP Slate.
And, netbooks will destroy overpriced MacBooks.
EDIT: Found them:
http://www.appleinsider.com/articles...ls_part_i.html
http://www.appleinsider.com/articles...s_part_ii.html
- 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
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.
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.
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.
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.
Skip
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...
iPhone it. Maybe someday.
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
It can't last as "Apple is closed" and we all know that "open? wins¡
Love it!
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.
So you know, the new product will be called iSaid, followed up by a bigger and better version called iTolduso.
Sosumi