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Apple is no longer the world's most profitable company. Instead, Exxon Mobil - the company bumped to second place in global profitability by Apple more than a year ago -...
01-25-2013, 11:26 AM #1
Apple Hits Oil Slick as World's Former Top Company
Apple is no longer the world's most profitable company. Instead, Exxon Mobil - the company bumped to second place in global profitability by Apple more than a year ago - has reclaimed its crown.
With shares of AAPL now trading at $440, Apple's market cap took a dive this week after a less-than-rousing earnings report from the most recent quarter.
As a result, Exxon Mobil is once again the most valuable company by way of its market cap. Forrester analyst Charles Golvin doesn't seem surprised given the widespread lower expectations Apple is generating today.
"It's a reality check on inflated expectations," Golvin says of Apple's diminished market cap. "I don't think it's a portent or a harbinger of diminished impact of Apple on the market." Golvin suggests that Apple may no longer be as far ahead of the competition as it once was.
"While they are still an 800 pound gorilla and bringing tremendous innovation and new experiences to consumers," he concludes, "others are starting to catch up to them a little bit and having some influence where they didn't before."
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01-25-2013, 02:29 PM #2
they gotta pick up the pace. Period. Started off strong now just redoing what they've done
01-25-2013, 03:14 PM #3
01-25-2013, 04:53 PM #4
Time for the fing TV
01-25-2013, 05:04 PM #5
Don't worry folks. iPhone 5S will change everything.
01-25-2013, 06:54 PM #6
01-25-2013, 11:09 PM #7
I honestly wonder how they figure out what the "top company" is without using categories. It is WAY to broad.. there are still hundreds of companies that are worth 20x both of these companies
01-26-2013, 12:41 AM #8
01-26-2013, 01:36 AM #9
01-26-2013, 08:25 AM #10
This just in "Apple buys Exxon Mobil. Once again the most profitable company"...
01-26-2013, 08:56 AM #11
This is what happens when you don't give people what they want. It's very simple.
01-26-2013, 10:24 AM #12
01-27-2013, 02:12 AM #13
| Desktop: Windows 7 | Phone: HTC One | Tablet: Galaxy Tab 10.1 | Laptop: HP Envy
Newest Device: iPad Air WiFi+LTE 16GB (Space Grey) |
01-27-2013, 11:27 AM #14
01-27-2013, 11:37 AM #15
01-27-2013, 12:19 PM #16
01-27-2013, 06:07 PM #17
01-27-2013, 06:15 PM #18
Prove your ignorance right son! It's not my job to chase your false accusations. Nor explain the context of the article which you are nowhere near! The first paragraph of the article outlines the topic. It doesn't say anything about state owned anything. But since your persistent post some. Forget hundreds as you suggest. Post one 20x more valuable.
Last edited by Pinoy; 01-27-2013 at 06:26 PM.