Apple is now officially the world's largest public company

Apple is now officially the world's largest public company

It's now official – Apple has becomethe largest public company in the world based on its stock value.Cupertino topped Standard&Poor's 500 index, eclipsingExxon-Mobil, the oil company which has occupied it in the last fiveyears.

Despite it being a down day for themarket, Apple closed with a market value of $336.3 billion onTuesday, nearly $1.2 billion over Exxon-Mobil's $335.1 billion.Shares of both companies slipped in value, but Apple only suffered a2.76% decrease, while stock of the oil giant dropped 4.41%.

And that seems to illustrate well agrowing trend in the past four years as tech companies gain in value,while more traditional businesses like the oil industry, energy andbanking are slowly losing investor's interest. But the tech industrychanges quickly and Apple will be the first to confirm that. TheCalifornia-based company went public in 1980, entering the S&Prating two years later. After ranking well in the late 80s, thecompany fell back to 456th in 1997. That's when Steve Jobsreturned to the bitten Apple to reverse that trend. The impressive climb from rugs to riches happened largely thanks to the iPod revolution followed by the iPhoneand subsequent overall improvement in brand recognition. In April 2010,Cupertino became the second largest public US company, surpassing itsbiggest rival Microsoft.

But while Apple has been growing quitefast, Exxon went through a much more dramatic downfall. The company'smarket cap fell from $410 billion three weeks ago to $335 now, anearly $75 billion decline. Share prices have also accordinglyreflected that by slipping to $70 from $85.

In the last couple of days, Apple andExxon have been switching places all the time and the two willprobably continue trading places for a while, but what doesApple's current #1 spot mean in the long term? Most importantly,it reflect momentum as most analysts currently rate Apple stock as a“strong buy.” And even though the health of Steve Jobs seems toremain Apple's biggest swing factor, the company seems to have boththe growth and cash to win over the oil giant in the long term.



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

72. ahmedra2ol

Posts: 27; Member since: Mar 01, 2011

u are sooooo true

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.

21. ztedac

Posts: 69; Member since: May 17, 2010

is that why apple is not suing MS? =O

70. downphoenix

Posts: 3165; Member since: Jun 19, 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: Aug 03, 2011

Apple is only big because of all the iSheep.

16. taco50

Posts: 5506; Member since: Oct 08, 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.


Posts: 701; Member since: Jun 07, 2011

definitly agree with you ?? i dont gett it???? lmao!!

29. taz89

Posts: 2014; Member since: May 03, 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.

73. ahmedra2ol

Posts: 27; Member since: Mar 01, 2011

you are soo true agree 1000%

26. 530gemini

Posts: 2198; Member since: Sep 09, 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: Aug 03, 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: Sep 09, 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.

60. taco50

Posts: 5506; Member since: Oct 08, 2009

Peter gets shut down by logic

49. Pirate Ninja unregistered

It's all a bubble... and when the bubble bursts, the iSheep will be put out to pasture.

65. iKingTrust

Posts: 716; Member since: Jul 27, 2011

Yup. Baaaaah

4. Leyjee

Posts: 47; Member since: Feb 25, 2011

makes me feel sick...

5. dionddc

Posts: 129; Member since: Jul 19, 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: Sep 09, 2010

So where does Apple stand in the industry then? At the bottom? Stop hating.

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: Aug 03, 2011

Wonder what Taco will say about this... ? Does this mean Apple is bigger than Samsung ?

10. xenover

Posts: 174; Member since: May 27, 2011

He's probably behind the screen jizzing on Steve Jobs' picture from excitement.

40. PeterIfromsweden

Posts: 1230; Member since: Aug 03, 2011

Actually no ! I'm not a Apple fan at all. I like Samsung.

18. taco50

Posts: 5506; Member since: Oct 08, 2009

Based on stock value Apple is bigger yes.

30. 530gemini

Posts: 2198; Member since: Sep 09, 2010

Samsung definitely has a bigger debt. Apple has none.

43. ngo2dd

Posts: 896; Member since: Jul 08, 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;[4][5] Samsung Heavy Industries, the world's second largest shipbuilder;[6] 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.[7] Samsung Life Insurance was ranked 14th in a 2009 ranking of Fortune Global 500 Industries.[8] 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.[9] Cheil Worldwide operates as a subsidiary of Samsung Group[10] and was ranked #19 among the "World's Top 50 Agency Companies" by revenue in 2010.[11] 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.[12] cited Wiki

45. 530gemini

Posts: 2198; Member since: Sep 09, 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.

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