Apple Tops $700 Billion Valuation, Fueled by New Products

[Victorious Secret]

 

To be honest, I'm waiting for their bubble to burst. Rarely do companies maintain this kind of growth for this long without some form of major drop to "balance" things out, so to speak. But while this train is rolling, it should roll hard and earn everyone a boatload of money. 

 

And it is. Love or hate Apple, their ability to print money is what every company on Earth wishes it could do. Apple does (or should at any rate) need to start investing in some long term things like servers and what not. They have a little bit of that going with iCloud, and who knows if they'll be content on simply paying the likes of MS and Amazon to keep using theirs or if they'll branch into the enterprise space with their own products. 

 

Either way, exciting times for the tech industry overall. Its pretty amazing that a tech company is outdoing a oil company. Thats huge no matter who you are (though Saudi Armco has a hell of a lot more, and I doubt anyone will get close to them for some time) 

 

 

Shares (AAPL) of Apple rose to as much as $119.75 at the start of trading in New York today, giving the company a valuation of more than $702 billion, a milestone that no other U.S. company has ever reached. The stock ended up falling less than 1 percent to $117.60 at the close in New York, putting its market capitalization at $690 billion. That still gave the iPhone maker about 1.7 times the value of the world’s second-biggest company, Exxon Mobil Corp. (XOM)Exxon, which has lost about $43 billion during the five-month oil rout, has a capitalization of $401 billion. 

 

Confidence in Apple has been growing since the company unveiled larger-screened iPhones in September, followed by slimmer and faster iPads in October. Chief Executive Officer Tim Cook is updating Apple’s core products while also pushing users deeper into the company’s digital world with the introduction of a mobile payment system called Apple Pay and a smartwatch that’s slated for release next year. 

 

“Given Apple’s significant portfolio refresh over the past three months, the lack of innovation from competitors and a constructive spending backdrop in the U.S. market, we believe Apple has opportunity to shine bright this holiday season,” Brian White, an analyst at Cantor Fitzgerald, said Nov. 24 in a note to investors. 

 

Apple has forecast revenue in the current quarter of $63.5 billion to $66.5 billion, compared to $57.6 billion during the October through December period in 2013.

 

 

 

http://www.bloomberg.com/news/2014-11-25/apple-reaches-700-billion-valuation.html

[Octavialicious]

Apple is doing good now, but I feel like they are definitely losing market share. More and more people are using android

[Toddwjp]

my issues with apple is not how much there companied is valued at, but how much of that money they just sit on and how much of it they take as profits. rather then investing in better working conditions, or better priced products they just stick with the same plan, yeah it works but its just not very ethical in my view to make that much money and do as little as they do for society.

[Psykomantis00]

Apple is teaming up with IBM for the enterprise market. 

 

http://www.apple.com/pr/library/2014/07/15Apple-and-IBM-Forge-Global-Partnership-to-Transform-Enterprise-Mobility.html

 

This will be a big deal eventually. They will be encroaching on Microsoft's bread and butter. 

[Dietrichw]

my issues with apple is not how much there companied is valued at, but how much of that money they just sit on and how much of it they take as profits. rather then investing in better working conditions, or better priced products they just stick with the same plan, yeah it works but its just not very ethical in my view to make that much money and do as little as they do for society.

Apple knows that it can't keep going at this rate forever. That stock pile of cash will be very useful when the bubble pops and Apple needs something big right away to bounce back

[Psykomantis00]

my issues with apple is not how much there companied is valued at, but how much of that money they just sit on and how much of it they take as profits. rather then investing in better working conditions, or better priced products they just stick with the same plan, yeah it works but its just not very ethical in my view to make that much money and do as little as they do for society.

 

Apple has been bringing manufacturing back to the US for some products for a while now. The whole foxconn suicide thing started that. 

 

http://www.forbes.com/sites/johnmcquaid/2012/12/06/why-apple-is-bringing-manufacturing-back-to-the-united-states/

[TheSLSAMG]

Fuck me, they're worth a lot.

 

I could never go back to using their products (OS X and iOS are just not for me, no matter how good they are for others), but Apple is doing well even after their 7-way stock split, something a lot of companies don't usually survive.

[Toddwjp]

Apple has been bringing manufacturing back to the US for some products for a while now. The whole foxconn suicide thing started that. 

 

http://www.forbes.com/sites/johnmcquaid/2012/12/06/why-apple-is-bringing-manufacturing-back-to-the-united-states/

 

again its okay but it is in know way proportionate to the amount of money they make and dont pay in taxes

[Psykomantis00]

again its okay but it is in know way proportionate to the amount of money they make and dont pay in taxes

 

That's the corporate game. All big companies do that. I agree they need to fix those loopholes but you can't hate them for playing the game better than the others. 

[Toddwjp]

That's the corporate game. All big companies do that. I agree they need to fix those loopholes but you can't hate them for playing the game better than the others. 

 

yes i can because that game effects all of us. just because something is commonplace or the corporate culture im not going to defend them and im not going to not criticize them. otherwise we can go by your logic and just say to the banks that keep bending us over that its okay because its the way the banks play the game.

[Guest Kloaked]

my issues with apple is not how much there companied is valued at, but how much of that money they just sit on and how much of it they take as profits. rather then investing in better working conditions, or better priced products they just stick with the same plan, yeah it works but its just not very ethical in my view to make that much money and do as little as they do for society.

 

Why is it in every single <brand> thread, there's always someone who has to express their opinion about <brand>, especially when no one asked for it?

[Enderman]

More like "fueled by their customers wallets"

[Tonylu1595]

Good for you apple. Good for you.

[Enderman]

Why is it in every single <brand> thread, there's always someone who has to express their opinion about <brand>, especially when no one asked for it?

Because this is a public forum with free speech.

If you dont want to hear anyone's opinion then you can go someplace else where nobody is allowed to say what they believe.

[Toddwjp]

Why is it in every single <brand> thread, there's always someone who has to express their opinion about <brand>, especially when no one asked for it?

 

this is literally a thread about how much money apple made, my comment is about how much money apple makes and what they do with it. i do not see a more relevant place for it

[TroubleKlef]

Has there ever been a company valued at a trillion dollars before?

[Fred Castellum]

Guys most of apples stock value isn't from solid fundamentals. It's from investor hype!

[Psykomantis00]

yes i can because that game effects all of us. just because something is commonplace or the corporate culture im not going to defend them and im not going to not criticize them. otherwise we can go by your logic and just say to the banks that keep bending us over that its okay because its the way the banks play the game.

 

All big companies do this. If you own anything from a big companies, you're supporting corporate greed. Get off your fucking high horse and be realistic. You're fanboy is showing. 

 

What bank do you use? Or are you a hypocrite of that also?

[Toddwjp]

All big companies do this. If you own anything from a big companies, you're supporting corporate greed. Get off your fucking high horse and be realistic. You're fanboy is showing. 

 

What bank do you use? Or are you a hypocrite of that also

 

of course i use a bank(although its technically a building society), but i also drink water and i also use electricity, even though i dont support fossil  fuels. but if you cant criticise the ways things currently are then we cant change them.

 

and even a hypocrites arguments is still valid regardless of the hypocrite

[Guest Kloaked]

Because this is a public forum with free speech.

 

Everyone's opinion is not needed to be posted on every single news post about <brand>. If Razer had a news post here from a member, it would be crowded with anti-Razer comments. It's so tiring to see and I have no idea why everyone seems to think anyone cares.

 

 

this is literally a thread about how much money apple made, my comment is about how much money apple makes and what they do with it. i do not see a more relevant place for it

 

ok mate

[Yoinkerman]

ugh is that guy seriously wearing crocs

[mr moose]

ugh is that guy seriously wearing crocs

 

Maybe, it's hard to tell, but just be careful, you're not allowed to comment on the image people in line for apple products display.

[Electrostatik]

Has there ever been a company valued at a trillion dollars before?

 

Not yet

[Psykomantis00]

of course i use a bank(although its technically a building society), but i also drink water and i also use electricity, even though i dont support fossil  fuels. but if you cant criticise the ways things currently are then we cant change them.

 

and even a hypocrites arguments is still valid regardless of the hypocrite

 

Criticizing a company for doing something but then supporting another company that does the same thing makes your opinion invalid and useless. 

 

A hypocrites argument is worth nothing. It's just words with no meaning, because they are a hypocrite. Hur dur. 

[mr moose]

Criticizing a company for doing something but then supporting another company that does the same thing makes your opinion invalid and useless. 

 

A hypocrites argument is worth nothing. It's just words with no meaning, because they are a hypocrite. Hur dur. 

 

An argument should be valued on it's own merits, not on the person who provides it.  We should be skeptical of peoples motives but open and thorough with the argument.