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Businesses Iphone Software The Almighty Buck Apple Hardware Technology

Apple Becomes First US Company To Top $800 Billion Value (bloomberg.com) 75

Posted by BeauHD from the first-of-its-kind dept.
According to Bloomberg, "Apple became the first U.S. company with a market value of more than $800 billion as investors bet the next iPhone will spur a resurgence in sales." From the report: The stock rose 1 percent Tuesday to close at $153.99 in New York, giving it a market capitalization of about $803 billion. The shares have gained 33 percent since the start of the year, helped by a buyback program that Chief Executive Officer Tim Cook extended to total $210 billion last week, from $175 billion last year. Apple's rise to the top of the world's largest equity market highlights the emergence of mobile technology and the relative decline of the oil industry in recent years. Exxon Mobil Corp.'s value peaked in the fall of 2007, when oil prices climbed toward $100 a barrel. In November of that year, PetroChina Co. briefly became the first global company with a market capitalization of more than $1 trillion. Apple's revenue grew in the most recent fiscal quarter even as iPhone unit sales fell.
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Apple Becomes First US Company To Top $800 Billion Value More

Apple Becomes First US Company To Top $800 Billion Value

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  • So? (Score:1)

    by Anonymous Coward

    turn down for BUTT!

    #MAGA

  • Just amazes me how well they do when they completely ignore business needs. No servers, No way to run virtual machines on a PC, and a MAC cant hold more than like 2 or 3... The fact that you cant buy a mac with 10 processors or 1 TB of RAM is just crazy to me. And honestly, there macbooks are outdated, expensive, and bloated..... just my 2 cents.
     

    • Re: (Score:2, Insightful)

      by Anonymous Coward

      Amazing you think they need to build a server. Apple has correctly figured out how to make money, and it's not by building servers.

      As a shareholder, I am pleased you're disappointed.

      • So.... how about they pay some taxes on that?

        • What taxes do you think they owe the US government? They pay all the taxes that the government requires them to pay. Don't bitch at Apple, bitch at your legions of bullshit Republican representatives and their oligarchy of greed and corruption.
    • business cares about cost, parents giving a $1000 phone to a 10-year-old to stop it from crying don't

    • Re:Amazing, and they cant build a server (Score:4, Insightful)

      by ShanghaiBill ( 739463 ) on Tuesday May 09, 2017 @10:32PM (#54389803)

      Building web servers, compute engines, and datacenter servers to run VMs, are all commodity businesses with lots of competition and low margins. They are so profitable precisely because they don't waste their resources on things like that.

    • It makes me feel good that some company in the world can do well by completely snubbing corporate desires. Probably shouldn't make me feel good, but it does. Business is not the most important thing.

    • Re: (Score:2)

      by sootman ( 158191 )

      > No servers, No way to run virtual machines on a PC, and a MAC
      > cant hold more than like 2 or 3... The fact that you cant buy a mac
      > with 10 processors or 1 TB of RAM is just crazy to me.

      It's almost as if the vast majority of consumers on the planet aren't network admins.

    • Re: (Score:2)

      by Wargames ( 91725 )

      The fact that most PC's come without 5K monitors seems crazy to me.

  • Standards (Score:2, Interesting)

    by EEPROMS ( 889169 )
    One of the problems with countries like India and China is that Universities view funding and student fees as being more important than the skills of their students. In chinese and indian universities it is very common for students to hand in cut and past assignments. I recently was talking to a western medical teacher who was working in china and he was chastised by the University for having high standards that incurred low student scores. The laugh is he was actually making the exams easier than what he i

  • Like the derivatives market this is pure fantasy. It's a real bubblegum blowing contest. Who will be the champ?

    • Like the derivatives market this is pure fantasy. It's a real bubblegum blowing contest. Who will be the champ?

      If you are so much smarter than the market, then you should be able to get rich by shorting Apple's stock. After you cash in and buy your yacht, you can come back here and post a picture of it.

      • If you are so much smarter than the market

        Has nothing to do with 'smarts'. It's about your connections and inside knowledge. The market is too 'valuable' to leave to chance.

      • It is really tiresome that Apple is measured on the value of their stock on Slashdot. This used to be a nerd site. Not a stock speculator's rally.

    • No dude, for a lot of companies you could say that, but check it out [google.com]. They have ~$200billion in the bank, and make around $50billion in profit every year. If you bought Apple for $800billion you'd be able to make your money back in 12 years.

  • They have that money because they robbed the public of billions. with Subsidized Phone plans, and creating debt for the public.

      • Don't forget paying 0 in tax.

        Apple paid $10.7B in income tax last year on net income of $69B.

        They paid billions more in sales and payroll taxes.

        • Re: (Score:2)

          by Osgeld ( 1900440 )

          so they paid less than half the rate than I did in income tax

          those poor babies

          • so they paid less than half the rate than I did in income tax

            those poor babies

            Hey, you probably also paid more taxes overall than Amazon did. Why don't you complain about that?

    • Somebody made you buy an iPhone?

  • "Apple became the first U.S. company with a market value of more than $800 billion as investors bet the next iPhone will spur a resurgence in sales."

    Will it have a headphone jack?

  • and give the money back to the shareholders.

    Or not.

    • and give the money back to the shareholders.

      Or not.

      With their share buy-back program, they've already paid more mony back to the shareholders than Dell was ever worth. No need to shut it down, even if weren't so damn profitable.

  • Inflation. (Score:5, Interesting)

    by xlsior ( 524145 ) on Wednesday May 10, 2017 @01:14AM (#54390415)
    While very impressive numbers, when you adjust for inflation things look different.

    Adjusted for inflation:
    - Cisco had a market cap of 758 billion in March 2000.
    - GE has a market cap of 816 billion in August 2000
    - Microsoft had a market cap of 871 billion in December 1999
    - IBM had a market cap of 1.3 trillion in 1967
    https://qz.com/335147/apples-m... [qz.com] http://gadgets.ndtv.com/others... [ndtv.com]

    But they all dwarf compared to the Dutch East-India Company (VOC), 1602-1800, the first publicly traded company in the world, which had a market cap of over SEVEN TRILLION inflation-adjusted dollars at its peak.

    • Re: (Score:2)

      by Kiuas ( 1084567 )

      But they all dwarf compared to the Dutch East-India Company (VOC), 1602-1800, the first publicly traded company in the world, which had a market cap of over SEVEN TRILLION inflation-adjusted dollars at its peak.

      This is correct but it's good to remember that these colonial megacorps were essentially quasi-nations which had their own armies and in the case of VOC even the power to administer capital punishment, so while they're the first publicly traded companies they're also not exactly comparable in their p

      • Just wait until Apple (or some other corporation) is valued at 7 Trillion and see what happens...

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