Apple becomes the first company ever to be valued at $700 billion
posted by Alan F. / Feb 11, 2015, 3:57 AM
To put this figure in perspective, the figure is well ahead of second place Exxon. The oil giant has a market capitalization of $385 billion. Apple's shares have risen since the company announced an incredible fiscal first quarter earnings report that saw it score an amazing $18 billion in net profits. From October through December, Apple sold a whopping 74.5 million iPhone units exceeding every estimate that Wall Street analysts had disseminated.
Apple now carries twice the value of Microsoft and Google. Once the gold standard of U.S. corporate success, GM is worth just 8.5% the amount that Apple is valued at. Since markets tend to "think ahead," some of the launch of the Apple Watch is probably priced into the shares. But if demand for the timepiece exceeds estimates and the word innovative starts appearing in stories about the company, who knows where this runaway train finally stops. Could Apple become the first trillion dollar company?
Since Apple's IPO in 1980, the shares have risen 50,600%. Over the last year, the stock is up 64%. And for those who worried about the future of Apple following the death of co-founder Steve Jobs, the shares have doubled since Jobs' passing.
Posts: 3020; Member since: Feb 06, 2013
Great but I doubt for them to be the first Trillion dollar companny
posted on Feb 11, 2015, 4:04 AM 1
Posts: 187; Member since: Dec 17, 2014
next year i predict, that apple wont be as successful like this year. since most people got what they wanted, and like ipad, sales will decline. but theyre the closest to the throne for becoming the first trillon dollar company.
posted on Feb 11, 2015, 4:10 AM 7
Posts: 2305; Member since: Apr 30, 2013
Exactly my point. Tech sites like this and analysts in investment firms are going to have unrealistic expectations for them to keep reaching even greater milestones, like they did Samsung.
posted on Feb 11, 2015, 4:18 AM 6
Posts: 4050; Member since: Jul 23, 2013
Oh but they can and they will. Apple has shown to be the best form of corporation in the US, really the ideal corporation according to the current US corrupted philosophy. They make decent stuff, but they have proven the concept of making others to the work and reaping their rewards. They wait for new tech to come up, vaguely patent it, and then suppress others and even the original inventors if necessary. They then make massive profits and feed those back to investors in dividends to help inflate the stock while cutting wages and costs and lowering investment in productive paths. This is how the new patent troll era looks like and was designed to work. They are just the first to master it and abuse it.
posted on Feb 11, 2015, 8:42 AM 1
Posts: 2305; Member since: Apr 30, 2013
The question will be if they can maintain this momentum now and not peak and plateau. The huge surge came from the radical change in the dimensions of their product hardware, relating to size and form. Now they need to figure out new ways to differentiate and captivate without losing momentum.
posted on Feb 11, 2015, 4:16 AM 0
What about plasma induced hologram screens.. or this:https://www.youtube.com/watch?
There's also a long ago study to add mass to a light particle.
Just saying.... Apple got cash.. R&D would be their best investment... cpYAI8YKroFbA&src_vid=EndNwMBE iVU&feature=iv&annotation_id=a nnotation_2068693685
posted on Feb 11, 2015, 4:25 AM 2
Posts: 504; Member since: Dec 05, 2011
I brought the stock and think the next 21 months will be great for the stock and company. The demand for a bigger iPhone will last 21 more months. Not saying 74 million iphones per quarter, but 60 million or more every quarter range. Which will drive the stock and market value higher. Not a fan of the wearables by any company , so not seeing the Apple watch being a honerun. I think the stock will hit $200 a share by 2017?
posted on Feb 11, 2015, 4:29 AM 1
Posts: 226; Member since: Feb 04, 2015
With the help of Chinese child labor of course... and samsung amazing hardware
posted on Feb 11, 2015, 6:27 AM 3
Posts: 620; Member since: Sep 23, 2013
Tim Cook fantas*ing on the bonuses he'll get! A phone and software company bring that kind of money! Just wow! I guess Apple is the only thing US can be proud of right now!
posted on Feb 11, 2015, 8:09 AM 0
Posts: 471; Member since: May 06, 2014
this is impressive! we all should be glad that a technology company is the richest in the world. Also the 2nd richest is a tech co.
posted on Feb 11, 2015, 8:28 AM 1
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