Apple becomes world's second most valuable company

Apple becomes world's second most valuable company

Summary: With today's 7 point stock jump Apple has become the world's second most valuable publicly traded company (after ExxonMobil) with a market capitalization north of $300 billion.

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TOPICS: Apple
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With today's 7 point stock jump Apple Inc. (AAPL) has become the world's second most valuable publicly traded company -- after ExxonMobil (XOM) -- with a market capitalization of over $300 billion. Apple passed Microsoft (MSFT) in May 2010 to become the most valuable tech stock.

Above is a one-year chart of the AAPL share price, which closed today at $327.57, +7.01 (2.17%)

Tip: Tyson Bilicki Via: Huffington Post

Topic: Apple

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52 comments
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  • Apple creates some great stuff, however this is crazy

    Whilst there is tremendous market potential in the consumer space for the Apple interface designers. they better have plenty of products to move to justify such a share price.
    Richard Flude
    • You think that is crazy?

      @Richard Flude What about investing on Facebook, a company that makes money out of "stealing" and selling personal information to the highest bidder.<br><br>Facebook is the new DOTCOM. That is why Mr. D0uch3bag is desperately trying to find a buyer. The bubble is about to burst.
      wackoae
      • well this capitalism at it best

        @wackoae
        What is wrong with that , somebody have a good idea exploit it , capitalize on it and sell it to some idiot for hundred of gazillion of dollars ..... Capitalism at its best .

        And yes it may be the next DOTCOM bubble who is gonna pay in the end ..... the people
        Quebec-french
      • Stealing?

        @wackoae
        Dude...if you don't like Facebook, don't use it. But to come in here and blatantly tell lies makes you sound like a real wacko. You friggin morons with your software religiosity are getting on my last nerve. Microsoft isn't the devil, Facebook isn't a criminal enterprise, Google isn't the anti-Christ, Apple isn't the evil empire, Oracle isn't run by Satan's right hand man and Linux isn't a communist/socialist plot to overthrow Western civilization. So all you nutballs, shut the hell up, move out of mommies basement and get a friggin life.
        jasonp9
      • mommieee...

        [i]So all you nutballs, shut the hell up, move out of mommies basement and get a friggin life.[/i]

        mommieee....whaaaa....

        :D
        ahh so
    • share price

      @Richard Flude <br>apple has a very low share price. the nominal price of a share is a meaningless number. whether a share costs $10, $50 or $400 doesn't say anything about the price level. what is important however is the so called P/E ratio (price to earnings) and a few other metrics. <br><br>P/E for one means how much profit a company makes per outstanding share. apple has an estimated 2011 P/E of 15 (on $22 profit per share). and if you subtract the cash they have accumulated per share it is around 13. that is VERY low by any standard. (for reference, amazon has a P/E of 75, a company that is growing much slower than apple - THAT is crazy!)
      banned from zdnet
    • RE: Apple becomes world's second most valuable company

      @Richard Flude
      It is a classic bubble. Now would not be a good time to hop on, but it would be a good time to get out.

      The products they sell are pretty limited, as are the markets (US customers, mostly). Easy pickings for competitors.
      Schoolboy Bob
      • another clueless troll

        @Schoolboy Bob <br>back to school! or back in the basement to your xbox. apple sells 45% of their wares outside the us and competitors didn't seem to be able to match the ipod, the mac, the iphone or the ipad. apple has 35% of the profits of the computer market, 90% of the mp3 player market and almost 50% of ALL profits of the whole worldwide phone market and all the profits of the new tablet market all to themselves. what makes you think this will change? only utter cluelessness or blind apple hatred or both?
        banned from zdnet
      • Schoolboy Bob, perhaps it is time you...

        started paying attention in class or signed up for some business classes or changed schools or went back to school if you aren't attending one currently.

        "Easy pickings for competitors" indeed!
        godsfault
    • I'm sure Apple takes your advice seriously, but,

      @Richard Flude then again, probably not.

      Apple learned around the time that Jobs returned to run the company, that myriad product choices do not necessarily lead to company success.

      In fact, myriad product choices from a company in the tech field only serve to confuse the average consumer who craves simplicity in both choice and operation in his or her tech products.

      It amazes me that tech companies so often name their products with confusing strings of numbers and letters. Take a look at Garmin's GPS models, for example, and try to figure out which one you want.

      Cell phones are another great example of my point. Apple offers two models, the 3GS and iPhone 4, with a choice of two colors and two levels of RAM for each.

      Apple makes it easy to decide which computer, which iPod, and which iPhone to purchase. So, when someone decides to purchase one of them, he or she can do it spending perhaps 20 minutes at Apple's website.

      This avoids what I call "giveupitis" when confronted with too many choices and too many options in tech products: the tendency to put off the purchase until one gets a recommendation from a tech savvy friend or a review that isn't too hard to comprehend.
      godsfault
  • What Do You Get Out Trolling?

    I constantly wonder why any story that has to do with Apple brings out the worst in some people.<br><br>Is it because Windows is widely supported by the IT community that many fear something they're not familiar with?<br>Is it because they feel left out?<br>Is it a general rejection of being fashionable?<br>Or is it just jealousy?<br><br>Can you give me an answer?<br><br>CBS likes active arguments because it raises advertising rate. So they like to bait you.<br><br>I sometimes worry about Apples' future (what I mean is, after Steve Jobs leaves) because there is so little so little creativity outside of Apple and Google.<br><br>But still I want to know what drives your hate?
    yobtaf
    • Since you ask, I can give you some actual reasons

      @yobtaf As opposed to ones you'd like to think are true. For one thing, being critical of Apple isn't inherently 'hating' per se - it could just be trying to bring some balance to the discussion. It's telling that you see it as hating. <br><br>First, as popular as Apple is as a stock and by the press, they're still less than 10% of the computer market in the US and less than 6% of it in the rest of the world. Even in the phone market, they're only around 25% and Android is about to pass them.<br><br>Yet, somehow, they command a HUGE presence in the press and in tech blogs - to a degree that many people think is actually relatively undeserved. Moreover, since there's only so much space to put news into - and so much time to cover everything, this disproportionate representation is pushing out other articles and other coverage that may be (and often is) more interesting and germaine to the majority of the readers.<br><br>For example, Microsoft's Mix and PDC conferences define the technologies that will actually be used by upwards of 90% of all computer users, but they rarely get any coverage in techblogs, but Apple pulls a PR stunt and everyone's there with live blogs. People forget that while Apple (the #5 computer maker world wide) makes seven or so products (in varying configurations), companies like Acer (the #3 computer maker world wide) makes dozens of radically different products - that we rarely hear about.<br><br>Then there's the often what seems to be an utter lack of critical analysis on Apple products. It often feels like if the name Apple it stuck to it - it must inherently be perfect and exactly what everyone wants. Yet when a PC product comes out, every little possible defect or design flaw is teased out and moaned about endlessly. EVEN when the exact same defect exists on an Apple product.<br><br>Then there are the Apple fanbois who simply cannot see that someone liking a non-Apple product isn't actually a failure for Apple. So we get things like whenever a PC maker comes up with a novel design that might actually be more clever or nicer than Apple's - they will INEVITABLY pop in with 'Can it run MacOS X? No - well I don't want it.' Well, guess what - that's APPLE'S fault, not the PC makers... and the joke kind of wore thin a LONG time ago.<br><br>Essentially, for a lot of us, the incessant and over-represented focus on Apple and the constant negativity about Microsoft, and for that matter, the kind of schizophrenic love/hate relationship with Linux, kind of wears us down after a while and we just want a rest from the hyperbole and mindless fawning.<br><br>The fact is that some of us just cannot take a company that actually describes their own product as 'revolutionary and magical' or is constantly having their product described as 'groundbreaking' and 'game changing' when we've had similar products for a while now with any degree of seriousness.<br><br>Hope this helps clear up your confusion.<br>Cheers.
      TheWerewolf
      • RE: Apple becomes world's second most valuable company

        @TheWerewolf [i]"For one thing, being critical of Apple isn't inherently 'hating' per se - it could just be trying to bring some balance to the discussion" [/i]

        In some cases this is true but there are a lot of ABAers and Apple Haters here on ZDNet who live to say something bad about Apple in every single post concerning Apple and Apple products - there are those who cheer every time someone sues Apple. On the flip side of that coin you have the same type of people who are Apple fanbois who have this "elitist" attitude to go along with their whole "MS sucks" posts... then there are the Linux fanbois who are a constant annoyance to both.

        Being critical is one thing but post with "crApple", "iDiots", and the like is either Apple hate or some troll looking for the attention is mother didn't give him when he was a kid. And it's the same thing with the whole "MS Sucks" or even "Linux sucks". THOSE are the posts I get sick of seeing no matter what company it is directed towards... once someone resorts to this crap they have no credibility and it's open season on the troll... LOL
        athynz
      • confusion

        @TheWerewolf <br>i know, i know the growing presence of apple in your beloved windows/acer world must be really hard to swallow for IT guys like you. i understand that, as apple stands for everything the average IT guy hates: innovation, creativity and thinking outside the box instead of the reign of the mediocre-metoo-copycat-lowest-common-denominator-good-enough-industry you seem to cherisch. i especially liked this line in your post "whenever a PC maker comes up with a novel design..." that is really a good laugh.
        banned from zdnet
      • RE: Apple becomes world's second most valuable company

        @TheWerewolf

        "The fact is that some of us just cannot take a company..."

        Sounds like you hate Apple, whether you admit it or not.
        msalzberg
      • Right on!

        @TheWerewolf NT
        richdave
      • Much of your information is outdated.

        @TheWerewolf :<br><b>1: "... they're still less than 10% of the computer market in the US and less than 6% of it in the rest of the world."</b><br>Actually, Apple's market share has surpassed 10%US/7%Global this past year and is still growing--despite Windows dominance in all markets. There has to be a reason for this growth, and it can't be simply so-called 'fanbois.'<br><br><b>2: "People forget that while Apple (the #5 computer maker world wide) makes seven or so products (in varying configurations), companies like Acer (the #3 computer maker world wide) makes dozens of radically different products - that we rarely hear about."</b><br>Apple has surpassed Acer and Toshiba to become #3 in personal computer sales despite all the different computer models they produce--and that ranking does not include the iPad, which would drive Apple to #1 if it were considered a computer by the analysts.<br><b>3: "Then there's the often what seems to be an utter lack of critical analysis on Apple products. It often feels like if the name Apple it stuck to it - it must inherently be perfect and exactly what everyone wants. Yet when a PC product comes out, every little possible defect or design flaw is teased out and moaned about endlessly. EVEN when the exact same defect exists on an Apple product."</b><br>Interesting that you say that, when it seems the tech boards almost invariably whine and moan about how backwards and obsolete Apple products are, yet they tend to continue to be the single best-selling brand of consumer devices like media players and smart phones despite the negative reports by techies and analysts both when these devices are introduced. Yes, RIM and Nokia still hold the lead in smart phones--barely, but they do so with multiple different models, not with one single model. Yes, Android <i>as a group</i> will pass Apple, but no single brand as yet comes close to the iPhone's sales. <br>On the other hand, every time Apple comes out with a new product line, they completely change the landscape. The iMac came out, and it's still the top-selling all-in-one computer in the world; the iPod came out and it's still the top-selling digital media player in the world; the iPhone came out and it's still the top-selling single smart phone model in the world; the iPad came out, and it's the top-selling 'slate' form factor device in the world--all of these despite other brands coming out with something similar first with the exception of the iMac, which modernized and stylized Apple's original all-in-one computers. In other words, Apple creates new paradigms while Microsoft and everybody else merely make incremental improvements to old technologies.<br><b>4: "Then there are the Apple fanbois who simply cannot see that someone liking a non-Apple product isn't actually a failure for Apple. So we get things like whenever a PC maker comes up with a novel design that might actually be more clever or nicer than Apple's - they will INEVITABLY pop in with 'Can it run MacOS X?"</b><br>How many times have I heard Windows Zealots make these exact statements? <i>"If it won't run Windows, it's not a computer!"</i> Trying to straw man Apple users with such blatant prejudice totally invalidates any other arguments you make.<br><b>5: "The fact is that some of us just cannot take a company that actually describes their own product as 'revolutionary and magical' or is constantly having their product described as 'groundbreaking' and 'game changing' when we've had similar products for a while now with any degree of seriousness."</b><br>Yet you expect us to take you seriously when all these same 'similar' products have been a marketing failure for as long as they've been on the market. Before the iMac, USB nearly failed due to disuse--why use a unified communications port when you have room for 20 different port styles? The iPod will fail because it's tied to iTunes when all these others work perfectly well. The iPhone will fail because it can't do what the Blackberry does. The iPad is a non-starter because tablets have been on the market for ten years! <br><br>No, Werewolf, all you do is add to the confusion, not clear it up. The anti-Apple bias is strong with this one, Obi-Wan.
        Vulpinemac
      • RE: Apple becomes world's second most valuable company

        @TheWerewolf <br><br>One word to describe your blog here sir, "Excellent", could not have been said anymore adequately. Please believe everyone who doesn't own a apple product doesn't hate apple, they may simple be aware of something that the others seem clueless of.
        jtpfla3
      • RE: Apple becomes world's second most valuable company

        @TheWerewolf
        The simple fact is Apple is the #1 innovator of the computer industry in many ways. Ways that MS can only copy and often does. Look at any of their GUI based OS which were basically responses to Apple's OS. MS whole look and feel came from Apple. Now, I use Windows computers myself and don't own and iPhone but I can see the genius behind their products.

        MS is a reactive company that only moves to copy & crush or in defense of its market share. Their new Mobile phone is a great example. Apple created and perfected the look and feel of this new generation of phone and then years later MS jumps on board with a knock off and you wonder why they get so little press.

        Apple has just redefined the future of the computer with the iPad, something MS has tried to do and failed miserably for 20 years. Apple has a history of redefining a market and the way we live while MS for the most part copies then tries to use its muscle to dominate a market. MS is mostly old news by the time they come to the table and frankly I prefer to here about what is new not what is being re-hatched.
        Kabcock
      • RE: Apple becomes world's second most valuable company

        @TheWerewolf - Shorter please.

        Don't ramble!
        yobtaf