Apple is now officially the world's largest public company
0. phoneArena 11 Aug 2011, 03:25 posted on
It's now official – Apple has become the largest public company in the world based on its stock value. Cupertino topped Standard&Poor's 500 index, leaving Exxon-Mobil second…
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1. Giorgio77 (unregistered)
Good job Apple like my sister said in many countries were people don't have job one thing they do have smartphone and a meal it seams everywere I go in the united states I see kids with iPhone or android and a burger just like my freind he don't have a job but he do have a iPhone
2. CH (unregistered)
Umm isn't Microsoft still the biggest company and most succesful etc. Would bet my money on that instead.
15. lolz (unregistered)
MS owns a good chunk of Apple stock as well.
70. downphoenix (Posts: 2684; Member since: 19 Jun 2010)
MS used to have a stack back in 1997 but they sold it back in 2000. If they would have held onto their shares, which was a pretty significant chunk, they would be bigger than Apple.
3. PeterIfromsweden (Posts: 1230; Member since: 03 Aug 2011)
Apple is only big because of all the iSheep.
16. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Yes you're right. They have made no contributions to the cell industry. They haven't come up with anything innovative. Heck their phones don't even work. You can't surf the web, can't make calls, can't send texts. And yet these damn sheep keep buying them by the millions. I don't get it.
25. GALAXY-S (Posts: 701; Member since: 07 Jun 2011)
definitly agree with you ?? i dont gett it???? lmao!!
29. taz89 (Posts: 2014; Member since: 03 May 2011)
you could do all that before the iphone ever existed
71. kadar (unregistered)
iGuess its the iCandy, iDont get it iTher
I'm guessing this has a lot to do with brand loyalty and exclusivity and all that iCrap. Apple users tend to worship their iDevices despite of its lack of functionality.
26. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Of course. Without us customers, not iSheeps, Apple wouldn't make so much profit.
You sound awefully bitter. Why is that? Is it because the company you support isn't doing as well as Apple? :)
39. PeterIfromsweden (Posts: 1230; Member since: 03 Aug 2011)
Nope, the truth is though that apple is doing well coz of iSheeps.
For example i know of a guy here in Sweden. He bought the Ipod touch. Then he got the Iphone 4. Then after that he got a Mac, and a few month after that he just bought the new macbook air (or whatever it is called).
He is what i call a iSheep, just like Taco, There is one difference though, this guy is lots more civilized than taco.
The companies i like is Nokia and Samsung. Yes Nokia is doing bad at the moment and i want themt to, so that hopefully they will change back from WP7 to MeeGo and Symbian.
And the other company i like i Samsung. They are doing really well, not as good as Apple at the moment, but they are number 2 and are having record profits and sales.
And i'm really happy that bada is doing so well at the moment, outselling both WP7 and Winmo together : D
Just check one of the latest PA articles.
44. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
"iSheep" would be a term used by an Apple hater like you. Consumers' choices is theirs. It's their money, not yours. Why would their expenditures affect you? You cannot generalize the whole Apple community just because you know someone personally who collects Apple devices. Some people even have more expensive collections. Jay Leno collects expensive cars. What does that make him? A carsheep?
Good for Samsung if they are doing well. But don't get upset if Apple is doing better.
49. Pirate Ninja (unregistered)
It's all a bubble... and when the bubble bursts, the iSheep will be put out to pasture.
5. dionddc (Posts: 129; Member since: 19 Jul 2011)
Whilst this is definitely impressive, the size of a company's market cap does not reflect their power in an industry.
28. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
So where does Apple stand in the industry then? At the bottom?
8. Niels (unregistered)
Just like the products itself the stocks are highly overvalued.
14. lolz (unregistered)
Just wait. Bubble will eventually burst.
9. PeterIfromsweden (Posts: 1230; Member since: 03 Aug 2011)
Wonder what Taco will say about this... ?
Does this mean Apple is bigger than Samsung ?
10. xenover (Posts: 174; Member since: 27 May 2011)
He's probably behind the screen jizzing on Steve Jobs' picture from excitement.
40. PeterIfromsweden (Posts: 1230; Member since: 03 Aug 2011)
Actually no !
I'm not a Apple fan at all. I like Samsung.
18. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Based on stock value Apple is bigger yes.
30. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Samsung definitely has a bigger debt. Apple has none.
43. ngo2dd (Posts: 896; Member since: 08 Jul 2011)
Are you high? Samsung is many time larger then Apple. Apple is the mobile device and computer. Samsung Electronics, the world's largest technology company by sales; Samsung Heavy Industries, the world's second largest shipbuilder; Samsung Engineering was ranked 35th, Samsung C&T 72nd in a 2009 ranking of 225 global construction firms compiled by the Engineering News-Record, a U.S. construction journal. Samsung Life Insurance was ranked 14th in a 2009 ranking of Fortune Global 500 Industries. Samsung Everland, South Korea's first theme park opened in 1976 as Yongin Farmland. In 2002 it was the fifth most popular theme park in the world, beating out Epcot, Disney MGM and Disney's Animal Kingdom. Cheil Worldwide operates as a subsidiary of Samsung Group and was ranked #19 among the "World's Top 50 Agency Companies" by revenue in 2010. Shilla Hotel, a subsidiary of the Samsung Group, has been ranked #58 among the "2009 World's Best Top 100 Hotels" in the annual reader survey conducted by the prestigious international business magazine, Institutional Investor. cited Wiki
45. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
If Samsung is many times bigger than Apple, then good for Samsung. But how come Apple is the one being hailed as the world's largest company, not Samsung?
Yes, Samsung has many lines of business. But there are also expenses attached to every line of business. So just because they have more lines of business than Apple, it does not automatically mean that they make more profit.
It is also true that Samsung has billions of debts, and that Apple has zero debt.
You can brag all day long about Samsung's credentials, but it wouldn't change the fact that Apple is the world's largest company.
50. taz89 (Posts: 2014; Member since: 03 May 2011)
this is me just taking a guess but maybe they are not all counted as 1 business but several...only a guess
51. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Could be. Then that would mean that profits per line of business within Samsung should not be counted as one, but as individual businesses.
61. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
so genius why is Apple the biggest company in the world by stock then?
74. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Simply because they are the biggest company right now.
As to why some people would contradict that fact, I don't know, lol. Well I actually do. They're bitter and hateful of Apple's unstoppable success, that's why. Some people just find it hard to accept the truth.
11. som (Posts: 768; Member since: 10 Nov 2009)
Why Apple market value is so high, they don't owned large buildings like walmart or owned large manufacturing plants like Samsung.
What is the Market value mean? May be a marketing value.
All Apple done was bought the parts and components, assembled in China. No Jobs was created in America only sale reps at Apple Stores.
31. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
No jobs were created in America? Only sales reps at Apple Stores? Aren't those jobs in America? Lol. How about their offices in Cupertino where they house thousands of employees? Apple is also building an even bigger base to house thousands more of employees.
You're obviously not happy with this news because you just don't like Apple. Well too bad for you :)
77. Whateverman (Posts: 3236; Member since: 17 May 2009)
Apple employes about 14,000 people here in the US and more than 27,000 overseas. At least thats the last count from a couple years back.
It would be nice if Apple and other companies would build a plant or two here. Or at the very least contract another company to do it. Create a few jobs here that doesn't require a degree. It seems that we've made the cost of a college education too high for the average person, then we exported all the decent paying jobs that the average person could do. Kinda messed up how business works in the US.
12. pandamaja (unregistered)
For years and years and years, fanboys have had this elitist mentality to them. They felt special because they were part of a very exclusive group of people that were a)never wrong, b) smarter than everyone and c)non conformist. I wonder what they think now.
13. AppleFUD (unregistered)
Apple is NOT the worlds "largest company."
That statement implies size. Apple currently has the highest evaluation = what the stock market believes the company is worth money wise and how it will perform in the future = nothing other than speculation on future performance. That has NOTHING TO DO WITH SIZE of the company.
17. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
It's pretty clear in the article they're talking about stock value. I know this is a hard one to swallow for you. Get used to it though. It will only get worse for you fandroids when the iPhone 5 comes out.
20. ztedac (Posts: 69; Member since: 17 May 2010)
all i know is that they will get more market value if apple wins more lawsuits
and that's what they are doing right now =]
24. darth8ball (Posts: 519; Member since: 02 Aug 2011)
The Market Value is an appraisal of a companies value. Lots of things that may or may not be public knowledge (even to major stockholders) affect this value. These numbers are easily manipulated and can not always, but usually are, true signs of a companies value, and bottom line
27. AppleFUD (unregistered)
See the title of the article
"Apple is now officially the world's largest public company"
yeah, I know I have to spell things like that out for a zealot apple fan.
34. taz89 (Posts: 2014; Member since: 03 May 2011)
thats what i read everytime a new iphones about to come out...no ones gonna buy android, they are doomed etc etc yet every single time nothing happens to android they just seem to be eating up more market share...seriously there will always be people who will only buy iphones ie you and there will always be people who by androids...why cant you just be happy with that or do you want every last human being with a brain left also to buy iphones....serious point its impressive how big apple have become though i got to give them that. but as people say its easy to get to the top but its harder to maintain it but lol i guess they got there tactics which is sue anyone that competes with us
42. PeterIfromsweden (Posts: 1230; Member since: 03 Aug 2011)
I think that Samsung is bigger in total. They have much bigger manufacture plants and stuff likw that so in total asssets i think Samsung is bigger than Apple.
19. Moo (unregistered)
Windows was the most popular and they made a lot of money. It does not mean it was the best operating system or is.
22. gallitoking (Posts: 4704; Member since: 17 May 2011)
and it will only get stronger with the release of the iphone 5.. ..
23. Tmachaveli (Posts: 425; Member since: 01 Apr 2011)
the isheep are loving this right now..all hail steve...NOT
36. taz89 (Posts: 2014; Member since: 03 May 2011)
i admit i hate apple the company and especially jobs lol but the products i like, although they are over hyped as usual and thats what gets to me...
37. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Overhyped? That's an old excuse. Maybe hype would work for a couple of years, but it's been 5 years now. Don't you think consumers would've caught up with Apple if it's nothing more than hype?
Apple products work well, and those who use it are happy with it, period.
62. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Why does the hype get you? Why are you bothered other people like Apple? You DON'T have to buy it if you don't like it.
35. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Again. Fandroids are displaying their bitterness and jealousy over Apple's success. I really enjoy reading their excuses, hahahaha. What a bunch of sore losers :)
38. darth8ball (Posts: 519; Member since: 02 Aug 2011)
Just because we weren't brainwashed by "the Jobs" like all you fanboys doesn't mean we are bitter, I believe the word is smarter.
47. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Just because we prefer Apple products over whatever you prefer, it does not mean that we're brainwashed. That's one messed-up ideology. If you are not bitter, then why do you try so hard to pull Apple down when they're getting so much success? Why not just let Apple be? It's because you are bitter :)
41. 5G (unregistered)
Yeah buddy....why the efff would I pay $600-700+ for an inferior iPhone (off-contract)....when I can get a crapload of other far-superior phones for almost half that price...
It's damn obvious.....you're paying a retarded premium just for a ghetto 'fashion statement'....lmfffaaoo
Like guess what....I paid only $250 for an off-contract 6-inch BRICK phone....far better than paying 2X more for an inferior product..
Only thing Apple products are good for are selling them on ebay/craigslist for rigged profits....esp the iphones...
I get any random 16gb model for $200....then easily sell it for double that price....cuz so many suckers are that desperate to pounce on it.................
48. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Well if you don't think that the iphone is worth it, it does not mean that we don't think that it isn't as well. What's superior to you, may not be superior to us, vice versa.
Ghetto? Last time I checked, Apple Stores are ONLY located at high end locations. While android, winmo, and symbian phones are being sold in ghetto areas :)
Also, read your post. Nothing gets more ghetto than that ;)
54. taz89 (Posts: 2014; Member since: 03 May 2011)
last time i checked i got my iphone 4 and galaxy s2 from the same store
59. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Last time I checked, no Apple Store ever sold galaxy devices. Which Apple Store did you go to? Lol.