For a brief period, Apple becomes the most valuable U.S. company

For a brief period, Apple becomes the most valuable U.S. company
Apple earlier today briefly overtook ExxonMobil to become the most valuable U.S. company trading on U.S. markets. With a market cap of $341.5 billion, the Cupertino based company had a $100 million higher value than the New York based oil and gas company. What makes this an amazing achievement is that ExxonMobil brings in four times the annual revenue that Apple does.

It hasn't always been this way for Apple. The return of Steve Jobs and the quick success of the iMac followed by the iPod and the world-wide phenomenon called the Apple iPhone brought Apple's stock well into triple-digit territory. The Apple iPad simply added fuel to the fire and the company recently hit a 52 week high of $404.

While Apple has recently become the largest Global smartphone vendor, it is the anticipation of the coming next-gen version of the Apple iPhone that has added $20 billion to Apple's worth since July 1st. During the same time, ExxonMobile has lost $60 billion in market cap.

source: Reuters via IntoMobile



1. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

Ohh gosh the iSheep will stop grazing & chime in all over this article! lol Notice I said iSheep not Apple fans! Let's see where this goes! Hey this is good for my Apple Stock though! lol The very minute this stock drops one dollar I will sell at an incredible profit. This is the only good thing Apple has ever done for me at least! lol

3. clevername

Posts: 1436; Member since: Jul 11, 2008

The moment it drops a dollar? This makes it hard for me to believe u follow stock very closely. Amateurs even know that a stocks price fluctuates during the course of a business day. Chances are it already dropped more than a dollar, then went back up.

5. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

No I have had my stock for a long time. I have a strong feeling Android is about to strangle Apple & I have made so much profit that I would hate to lose even one cent. Android is on a pace in the mobile market place that even Apple can't keep up with. I really & truly feel people are starting to get bored with iOS & that Apple maybe peaking now or in the very short future. Apple is releasing the iPhone 5 who may not even be more powerful that the Samsung Galaxy S II that came out months ago. Plus right when Apple drops the iPhone 5 Google supposedly wants to drop Android Ice Cream Sandwich to mess with the iPhone 5 launch. Not to mention that in a short few months after the iPhone 5 drops Android will have quad-core phones coming out thus making the iPhone 5 obsolete in just a few months time. This scenario I am painting might hurt my profit so I am going to sell quickly when & that is a big WHEN it happens. I truly think Apple is peaking or about to peak. It's unprecedented what Apple is doing, it CAN’T last forever.

7. clevername

Posts: 1436; Member since: Jul 11, 2008

I never doubted you have stock, in fact what you say makes a lot of sense. All im saying is to sell the moment you see a small drop like a dollar is not a smart decision. As I said stocks fluctuate during a day. Apple stock alone has fluctuated between 355 and 372 and that was only between 7am and 12pm today. If u had sold when it first dropped from 362 you would have felt good for an hour when they dipped to around 355 but by noon when it was nearly 372 you would've regretted it. Like I said I dont doubt you, and you've got great points. Im not trying to start a flame war or an android apple fiasco. Just speaking facts.

9. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

You are right, you are 100% correct. I didn't mean that literally but I am starting to see that Apple is not innovating the way it was in the last few years. I do see Apple playing catch up & that was never Apple's strategy. Before everyone was playing catch up to Apple now I see that the tables are turning. I think this time next year would be a realistic barometer to see where Apple is unless that stock drops 100 points in one day. I have seen the stock drop & rebound, but these are new circumstances that does have me thinking in a different light. Right now is the time to keep a very close eye on Apple. I want to see how the iPhone 5 is received & what else Apple has up its sleeve. Another point, iOS 5 is not looking so great compared to Android Ice Cream Sandwich. There is a lot to worry about when it comes to the Apple stock. Selling is always the trickiest. You don't want to be too premature & miss out on profit, YET you don't want to be late & lose too much money either.

13. Casual Observer unregistered

The thing about every other technology company vs apple is that Apple does their own software and hardware which is what gives them the advantage. Yea Android may register more handsets each day but they are based on several different manufactures meaning nothing is guaranteed. You look at some of the new tablets like the Galaxy Tab 7. It was only out for a few months and it will never get honeycomb. That wouldn't happen with apple. You have the 1st gen ipad which is much older than the Galaxy Tab 7 and it will get iOS 5. Until Android can get every manufacture to get set to a schedule then android will still have inferior ability to apple. And yea I know there are custom roms and such but even for someone like me that is comfortable with flashing custom roms… Its just a pain in the butt.

47. the icrap destroyer unregistered

its own hardware?....are you serious? yes , apple outsources theyre parts. next time you wanna speak make sure to at least do some research. the iphone when it first started was superior to all handsets, now its inferior and it will stay behind because apple wants to play catch up, oh and please tell me how a droid x2 or the evo 3d is inferior to the iphone 4....yea so sit down and observe my comment....itroll

16. taco50

Posts: 5506; Member since: Oct 08, 2009

Lol you don't have any stock. You can't even put a coherent sentence together.

23. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

taco50 you don't have to believe me. I definitely am no going to lose sleep, trust me. I am writing a post from my phone. It's not like I am writing an English paper. I don't really care what you think. Thank you for your concern. Makes me feel good that you think about me. You are a real swell guy!

27. dandirk

Posts: 187; Member since: Aug 04, 2011

Android will not strangle Apple anytime soon. Your money is safe. EVEN if android takes say 80% of the marketshare, Apple still makes insane margins on their products so your stock is plenty safe. It is REALLY hard to crush a brand like the one Apple has created for its handheld devices in the last decade. Apple would really have to screw-up, I hate to say it but that will not happen with Steve J around. Even then Apple will have its hands in all sorts of markets, people will not want to switch just due to the fact they will loose all their music, books, apps etc etc etc (Same thing will happen to extended use of android platform).

46. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

If Android were to control 80% of the market share then that would most definitely hurt Apple because Android would have cut into their pie dramatically. If Apple can't keep the same sales forecast the stock will suffer tremendously! You can have the BEST product ever, but if you can sell it then it's just a futile product. If that were to happen Apple would be competing with Windows, RIM, Web OS, Bada, & so on for the last 20% of the market share. That would do incredible damage to Apple's stock if that were to EVER happen. So if Android controlled 80% of the market share that will doom the iPhone & Apple’s stock. I am sorry but you are wrong!

34. JaCar unregistered

"Android is about to strangle Apple" You are saying that Smartphone's Operating System is about to strangle a Corporation? Or maybe you're trying to imply that somehow OS is about to strangle the fruit? Just WOW!

40. remixfa

Posts: 14605; Member since: Dec 19, 2008

other than the fact that taco is an iDiot beyond comprehension... Its going to take probably 90% market dominance by android for it to take a serious affect on the iOS market. The iOS fanatics are a religious group.. they wont change until they are forced. Apple will be laughing all the way to the bank for some time to come.

43. PeterIfromsweden

Posts: 1230; Member since: Aug 03, 2011

I agree with you that Apple fanatics are a religous group. Maybe they should start Apple Church, where they worship the iPhone and iPad... that would be just terrible ! I am a christian myself, and to see a Apple church would be quite interesting. too bad they would be going to hell if they worship the iPhone and iPad. My word to all iSheep, go to the real shepherd Jesus, and stop following Steve Jobs everywhere.

45. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

I say Apple because the iOS 5 & the iPhone 5 are linked together. Android is activating over 500,000 phones daily. That is just too much for Apple to handle. I want to see how the iPhone 5 is handled in China most importantly. If it does well there then I will keep my stock if it doesn't then I may need to look at my other options. The reason Apple stock is so high, is because of the iPhone & nothing else. If the iPhone fails the stock will suffer. You get me now JaCar?

42. PeterIfromsweden

Posts: 1230; Member since: Aug 03, 2011

Glad youre making profit of Apple stock. How about some Nokia stock ? lol. You can buy them now when they have gone down about 50 % in 5 months, and hopefully they will go back up again with WP7 (which it wont) and then you can have earned alot of money. Buy cheap, sell when they are expensive.

44. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

You know something Peter, I have been thinking about buying Nokia Stock for about 4 months now. I just want to see the Nokia WP7 & if I get the same feeling I had when I purchased my Apple stock, then I will jump on the Nokia Stock for sure. The stock is cheap right now & if the Nokia WP7 impresses then I am there! You got a good eye Peter! I really think WP7 WILL take off!

2. MalakiMills

Posts: 257; Member since: Jun 15, 2010

Pretty damn impressive. Personally I prefer not using apple products, whether that be computers, mp3's, or phones. Regardless, that is a pretty sweet achievement.

4. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

Well back when the original iPhone came out I took a chance, because it was so different. I personally never owned an iPhone but I had iPods. I saw some potential there & took the chance. I got 50 shares & it's sitting pretty right now. Both me & my friend bought 50 shares each. We always joke that Apple's hooked us up even though we don't have iPhones or iPads. We both love Android better than iOS. That is why I am always looking at Apple articles, some people call it trolling, I just call it research! lol

6. dionddc

Posts: 129; Member since: Jul 19, 2011

That's pretty amazing. But then again, market cap is only a little part of a business story.

8. darth8ball

Posts: 520; Member since: Aug 02, 2011

What Alan F. (who is probably a fanboy) doesn't realize is he wrote that ExxonMobil brings in four times the annual revenue that Apple brings in is what makes this achievement so amazing. What about the overhead ExxonMobil has. Also what this screams to me is what a huge markup the iProducts have over what they cost to build. They might brag on their quaility materials, but that is hype. They are selling all those sheep crap

10. luis_lopez_351

Posts: 951; Member since: Nov 18, 2010

If apple was so confident in its success why does it have so many useless patents??? Is it scare of competition. Sounds like a greedy monopoly.

11. The_Miz

Posts: 1496; Member since: Apr 06, 2011

Lol, as usual the Andrones will come in and start trolling Apple all because they're jealous that the iPhone is making an impact while Android is left eating the dust and crumbs left behind. It's almost kinda sad really.

26. Jasonhunterx

Posts: 111; Member since: Jul 20, 2011

Are you serious can you plz stop sucking steve jobs d**k how is android eating dust when google is a search company an there blowing up faster than apple ever has they just started making there own os apple has been at it for decades an you have no right to call anyone a troll

29. The_Miz

Posts: 1496; Member since: Apr 06, 2011

As soon as you quit riding Google's balls with Android. Android has been getting dusted left and right by iOS. Google can only hope to get at least half the sales of an iDevice. Android suffers from fragmentation and poor build quality.

39. Jasonhunterx

Posts: 111; Member since: Jul 20, 2011

Have you ever touched a Htc device you can drop those an they dont shatter metal over glass an they dont have to worry about sales cuz they dont sell phones :-/ also fragmentaion is gonna be thing of pass once ics comes out an i have iphone 3G sitting here with out dated os ios has fragmentaion to

49. The_Miz

Posts: 1496; Member since: Apr 06, 2011

By the time an HTC Hero gets through loading a page because of its slow pos hardware, it would be christmas time by now lol. HTC never makes anything worth having.

12. mannyfs

Posts: 69; Member since: Feb 11, 2011

congratulations to steve jobs, that deal w the devil worked out perfect, i wonder what he has to give back in exchange...

14. luis_lopez_351

Posts: 951; Member since: Nov 18, 2010

IKR??? what does he want? steve does not have a soul.

15. Boti95

Posts: 162; Member since: Sep 05, 2010

Damn! Every time thiers a post about Apple people start dissing at Apple. to other poeple, at eachother, and at random things. Thank you Apple.

* Some comments have been hidden, because they don't meet the discussions rules.

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