It's sort of a parlor game. Exxon Mobil still reports four times as much revenue as Apple and eight times as much profit.
BTW, the term "AAPL stock" used so often in articles on this site is a redundancy. The company is Apple, its stock ticker symbol is AAPL.
Your maths is stunningly bad. Apple made 7.31billion net profit last quarter. 8 times that would be 58billion. Do you really think that XOM made 58billion? If you do I'd like some of what you're smoking. They made 10.6billion.
That's 45% more than Apple, but hey, 45% or 700%, it's only a factor of twenty out eh?
It's implied, then, that you explain why you're not joking about something that is obviously not taken to be a serious position for one or more potentially valid reasons by most of the people here.
Unfortunately, even when Apple becomes the largest company by market cap, it's not going to get any respect from Wall Street. Absolutely nothing will change. Apple will continue to lag behind target prices, the multiple will likely compress even more and there will be a lot more chatter about Apple being too large and the prophecies of a major collapse. Even when Apple sits on the top of the market cap heap, the jackass pundits and knucklehead fund managers will continue to point out all of Apple's flaws and its disregard for shareholders by cheating them out of dividends.
I doubt if Apple will ever be able to convince investors and Wall Street that the stock is undervalued and that Apple has plenty of room to grow. As an Apple shareholder I'm not interested in whether Apple has the highest market cap or not unless it changes Wall Street's view of Apple as a powerful company to be reckoned with in the entire tech industry. I'm much more interested in seeing Apple share price at $450 or $500. I want some of the market cap wealth in my pocket.
I agree it *seems* Apple gets no stock market respect. However, watch the blabbermouths on CNBC for a few days on end and you will begin to spot their pattern. They mix up the pattern just a little to keep it fresh, but make no mistake, they make a LOT of their money trading apple!! I think they have a plan to keep the P/E ratio as low as possible except when they want to let it rise or sometimes when they temporarily can't stop it from going up. The hedge fund guys are so close to getting caught, they better watch out. I think they had their short positions all lined up for the debt ceiling default and a bad jobs report and when neither really happened OH-OH! I'm betting they PAID S&P to give that little downgrade. This is part of their periodic keeping the market moving, or what I call 'flushing the toilet' only this time they took a plunger to it. Nothing moves on the stock market like apple does! Why do you think your broker gives it a 'C' rating all the time? Cause they don't want clients calling every time it plunges. It goes up and down a bit much for even a Growth stock. Well, look for the P/E to stay even lower, because of the climate these hedge fund guys have created! Oh but they love the quick pops they get on apple. These fund guys want utter CAPITULATION, then they set their table up for another disgusting round. Ok for them, but the IRA funds are so stupid they sell at the bottom. They can't very well ride it out, they aren't paid to sit and stare at the screen. Do your own investing. You really can. Apple is a good deal right now, buy some!
Your maths is stunningly bad. Apple made 7.31billion net profit last quarter. 8 times that would be 58billion. Do you really think that XOM made 58billion? If you do I'd like some of what you're smoking. They made 10.6billion.
That's 45% more than Apple, but hey, 45% or 700%, it's only a factor of twenty out eh?
Except that I am quoting directly from the financials for the last year.
Revenue: Apple $100.32 b, Exxon Mobil $392.72 b (multiple: 3.9)
Gross Profit: Apple $25.68 b, Exxon Mobil $149.47 b (multiple: 5.8)
Sorry. I did the second one in my head. What part of the body you used is the question.
Comments
So much for that idea that the price of oil would be going forever and generating even more billions.
AAPL has a better return than any oil company.
And once they get supplies even cheaper there will be no touching them.
(investing in AAPL since 2001 when everyone told me I was crazy, but I realized the iPod was the game-changing turning point)
It took me until the iPhone (Jan 2007) to bite, but I am not complaining......
Who cares about market cap? It is less important than even market share.
EPS is what is important.
Surely, you're joking, right!?
Oh how I wish I would have invested a few ducats back in the 80's or early 90's...
It was six dollars a share in 2003. That was the last time it could be considered "obscenely low-priced".
Here are some comparisons for the day's end and the percentage in which Apple is besting them:
A lot of sites are just saying "US" but I chock it up to shoddy reporting.
First trillion dollar company .... Only question is how long? My guess five years.
Who cares about market cap? It is less important than even market share.
EPS is what is important.
It's sort of a parlor game. Exxon Mobil still reports four times as much revenue as Apple and eight times as much profit.
BTW, the term "AAPL stock" used so often in articles on this site is a redundancy. The company is Apple, its stock ticker symbol is AAPL.
It's sort of a parlor game. Exxon Mobil still reports four times as much revenue as Apple and eight times as much profit.
BTW, the term "AAPL stock" used so often in articles on this site is a redundancy. The company is Apple, its stock ticker symbol is AAPL.
Your maths is stunningly bad. Apple made 7.31billion net profit last quarter. 8 times that would be 58billion. Do you really think that XOM made 58billion? If you do I'd like some of what you're smoking. They made 10.6billion.
That's 45% more than Apple, but hey, 45% or 700%, it's only a factor of twenty out eh?
Surely, you're joking, right!?
Not one bit.
Not one bit.
It's implied, then, that you explain why you're not joking about something that is obviously not taken to be a serious position for one or more potentially valid reasons by most of the people here.
Not just say, "Not one bit."
Unfortunately, even when Apple becomes the largest company by market cap, it's not going to get any respect from Wall Street. Absolutely nothing will change. Apple will continue to lag behind target prices, the multiple will likely compress even more and there will be a lot more chatter about Apple being too large and the prophecies of a major collapse. Even when Apple sits on the top of the market cap heap, the jackass pundits and knucklehead fund managers will continue to point out all of Apple's flaws and its disregard for shareholders by cheating them out of dividends.
I doubt if Apple will ever be able to convince investors and Wall Street that the stock is undervalued and that Apple has plenty of room to grow. As an Apple shareholder I'm not interested in whether Apple has the highest market cap or not unless it changes Wall Street's view of Apple as a powerful company to be reckoned with in the entire tech industry. I'm much more interested in seeing Apple share price at $450 or $500. I want some of the market cap wealth in my pocket.
I agree it *seems* Apple gets no stock market respect. However, watch the blabbermouths on CNBC for a few days on end and you will begin to spot their pattern. They mix up the pattern just a little to keep it fresh, but make no mistake, they make a LOT of their money trading apple!! I think they have a plan to keep the P/E ratio as low as possible except when they want to let it rise or sometimes when they temporarily can't stop it from going up. The hedge fund guys are so close to getting caught, they better watch out. I think they had their short positions all lined up for the debt ceiling default and a bad jobs report and when neither really happened OH-OH! I'm betting they PAID S&P to give that little downgrade. This is part of their periodic keeping the market moving, or what I call 'flushing the toilet' only this time they took a plunger to it. Nothing moves on the stock market like apple does! Why do you think your broker gives it a 'C' rating all the time? Cause they don't want clients calling every time it plunges. It goes up and down a bit much for even a Growth stock. Well, look for the P/E to stay even lower, because of the climate these hedge fund guys have created! Oh but they love the quick pops they get on apple. These fund guys want utter CAPITULATION, then they set their table up for another disgusting round. Ok for them, but the IRA funds are so stupid they sell at the bottom. They can't very well ride it out, they aren't paid to sit and stare at the screen. Do your own investing. You really can. Apple is a good deal right now, buy some!
Your maths is stunningly bad. Apple made 7.31billion net profit last quarter. 8 times that would be 58billion. Do you really think that XOM made 58billion? If you do I'd like some of what you're smoking. They made 10.6billion.
That's 45% more than Apple, but hey, 45% or 700%, it's only a factor of twenty out eh?
Except that I am quoting directly from the financials for the last year.
Revenue: Apple $100.32 b, Exxon Mobil $392.72 b (multiple: 3.9)
Gross Profit: Apple $25.68 b, Exxon Mobil $149.47 b (multiple: 5.8)
Sorry. I did the second one in my head. What part of the body you used is the question.