Yesterday we told you that, for the first time, Apple had briefly become the most valuable company in the world, dethroning Exxon for a few minutes, and ending the day at the #2 spot.
Today, for the first time ever, Apple ended the trading day ahead of Exxon, and Apple is now the company with the largest market capitalization...
In an interview with Edge Magazine, EA founder Trip Hawkins commented that Apple would soon see its downfall. He noted that it wasn't necessarily Apple's own fault, but that history has taught us how peaking empires always falter.
Hawkins was right about one thing: Apple has peaked. Not in terms of innovation or profit, but for a brief moment Apple was the most valuable publicly traded company on the market...
Apple's stock opened this morning at $400, and it is currently trading slightly over that mark, at roughly $403. Fueled by some incredible earnings for its 3rd financial quarter and the rumors of an iPhone 5 and iPad 3, Apple's stock value has never been this high.
With a current market capitalization (number of shares x value of share) of $373 billion, Apple is the second largest corporation in the world, right behind Exxon Mobile, whose market cap is currently at $416 billion...
Apple just announced its earnings for its 3rd fiscal quarter this year, and, as expected, they exceeded projections. Both the iPhone and iPad set sales records for the month of June, making them major factors in this quarter's success.
Don't worry, we won't bore you with all of the little details from the earnings call, but there are some important figures we wanted to share. How important? Enough to make Apple's stock briefly touch $400 per share during after hours trading...
About 4 months ago, Apple made the headlines for surpassing Microsoft in terms of market value. Today, Apple is making the headlines again, this time for becoming the world's second largest company by market value.
Apple's stock went as high as $292.76 today, passing PetroChina to become the second largest stock in the world, right behind Exxon Mobil...
When I was in junior high school the only thing I knew about Apple was that they made computers with enormous floppy disk drives. The Discman was the hottest portable music player and it would cost you about $100 for the latest and greatest. Bill Gates was a nerdy guy who was also the richest man in the world.
Imagine if you will that Steve Jobs never came back to Apple and the quirky computer company died off, leaving Microsoft as the uncontested developer to produce us our technological fixes. Assume that the story plays out identical to the way it is today with Gates and company unveiling the now iPhone under the Seattle based company...