+ Reply
Results 1 to 8 of 8

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple Reclaims its Crown as World's Most Profitable Company

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
...
  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,671
    Thanks
    17
    Thanked 1,475 Times in 562 Posts

    Default Apple Reclaims its Crown as World's Most Profitable Company


    Shares of Apple are on the move and moving to the upside again today. Shortly after noon on Wall Street this afternnon, AAPL was trading north of $455 as the Cupertino, California-based iDevice maker continues to win back the affections of investors whose passion for Apple was likely re-kindled after the company's most recent earnings report.

    All told, July was a good month for AAPL. Apple's stock popped 14% in July, even though the company still has a long way to go before AAPL can fully retrace its way all the way back to more than $700. Nonetheless, as of this writing, Apple’s market cap is $414 billion, making it once again the world’s largest company by market capitalization.

    Back to the #2 spot is Exxon Mobil Corp., which is still taking its lumps after a disappointing earnings report. No one should shed a tear for Exxon, however. It's market cap is still $409 billion.

    "Apple was last up 0.7% after Jefferies lifted its price target to $450 from $405," Victor Reklaitis of MarketWatch wrote late this morning. "The Tell reported in April how Exxon had captured the market-cap crown thanks to Apple’s fall from grace. But Apple now appears to have found a bottom and recovered, as the folks at Bespoke Investment Group have noted."

    Source: MarketWatch

  2. #2
    Super Moderator Cer0's Avatar
    Join Date
    Apr 2008
    Location
    MN/WI
    Posts
    13,999
    Thanks
    388
    Thanked 1,141 Times in 891 Posts

    Has come a long way since being near the brink of failing in the 90s. Bravo Apple.

  3. #3
    Super Moderator iYeow's Avatar
    Join Date
    Feb 2008
    Location
    Vancouver, Canada
    Posts
    13,926
    Thanks
    76
    Thanked 2,751 Times in 2,641 Posts

    Not just apple stocks, most stocks are up today. Good day for stock market.

  4. The Following User Says Thank You to iYeow For This Useful Post:

    GrumpySod (08-01-2013)

  5. #4
    iPhone? More like MyPhone SirZyrion's Avatar
    Join Date
    Dec 2008
    Location
    Gilbert, AZ
    Posts
    111
    Thanks
    5
    Thanked 3 Times in 3 Posts

    So the stock price surges a couple of days after Apple execs sell off huge chunks of their shares? I get the feeling the guys on the inside know something they disagree with...

  6. #5
    What's Jailbreak?
    Join Date
    Nov 2011
    Posts
    29
    Thanks
    1
    Thanked 1 Time in 1 Post
    Quote Originally Posted by SirZyrion View Post
    So the stock price surges a couple of days after Apple execs sell off huge chunks of their shares? I get the feeling the guys on the inside know something they disagree with...
    16 million in apple stock with a market cap of 414 BILLION is about like kicking a deck chair off the Queen Mary... If there were a problem and a huge insider sell-off happened, stock prices would drop, not rise.

  7. #6
    Green Apple LucySterling's Avatar
    Join Date
    Aug 2013
    Location
    Miami FL
    Posts
    45
    Thanks
    8
    Thanked 7 Times in 6 Posts

    Quote Originally Posted by Cer0 View Post
    Has come a long way since being near the brink of failing in the 90s. Bravo Apple.
    Well said, at least they made it.
    Passionate tech blogger, student in college and part time worker at SoldMyDevice.com

  8. #7
    iPhone? More like MyPhone Alluziion's Avatar
    Join Date
    Aug 2010
    Location
    Wales, UK.
    Posts
    113
    Thanks
    0
    Thanked 6 Times in 5 Posts

    Market capitalisation does not depict the profitability of the company but its value.
    Unless they their EoY Fiscal Profits have exceeded Exxon's, they aren't more profitable than them. Judging by the content of this post, the title should be "Apple Reclaims its Crown as World's Most Valuable Company".

  9. #8
    Livin the iPhone Life bigboyz's Avatar
    Join Date
    Feb 2009
    Location
    North East Coast
    Posts
    1,556
    Thanks
    2
    Thanked 176 Times in 126 Posts

    Thanks for putting that into perspective^^ All I know is that Apple has a huge ca$h hoard no matter how you want to word it. Hate all you want they know how to make a buck.

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts