On Thursday, Apple’s value on the stock market reached an all-time high of $US400 billion. That figure makes it worth more than Greece, Austria, Argentina and South Africa. And, come to mention it, quite a lot of other things, too.
[CNN]
Image: fdecomite
Esophagus
Saturday, January 21, 2012 at 10:07 AMApple products couldn’t possibly be good value for money…
MotorMouth
Saturday, January 21, 2012 at 10:48 AMThis confirms my theory that the stock market is run by sheeple who all act like 10 year-old boys. There is simply no objective measure by which this makes any sense. Apple’s revenue is not significantly greater than that of hundreds of other companies and they are spending very little of it on R&D compared to their competition. It seems very short-sighted to me. Right now I’d be putting my money into Microsoft, whose revenue is similar but who have a lot more potential to grow in the next few years, through their partnership with Nokia and with Windoze 8 set to streak ahead of iOS, Android and MacOS.
Jane
Saturday, January 21, 2012 at 10:54 AMI’d rather be a country than a big company that makes over-priced toys (that depend on the sweat of the poor to be built and on dwindling natural resources).
MD
Saturday, January 21, 2012 at 6:03 PMI love apple(s), Though i dislike the personality cult of Steve Jobs, now he is dead it is the personality cult of the Ex Steve Jobs…. With nice New Black hardware (oh they changed it beforehand to be ahead of the game (patentable)
As people have said, the Value in Apple shares isn’t there, fanboys, just have to have a piece of the company, if every owner of an i device buy $1000 in Apple shares, and hold onto it as a Piece of the game, it will keep the price rising, while the rest of the world is in decline.
So apple if have sold half a billion i devices, then every owner must have bought $800 in shares.. that is nice, but it has no relation to the Return on investment.
Market cap =$ 400 000 000 000
Sales = $28 570 000 000
Profit = $7 300 000 000
So return on Investment = 1.825% (if all of the profit is uniformly distributed, one thing I think unlikely, due to different classes of shares)
Increase in share price on the year = 6.2%
Indicating that the Price increase is purely speculating fans or misguided investor related, not value for money….
Good on Apple for being the Largest Market cap company in the world, I can’t wait for the downfall in the house of cards, once you loose the ‘edge’ and the market determines your fate…
No-one is buying the shares for the dividend therefore there is no economic reason to buy them other than a bet on the market, it must be that there aren’t many gambling opportunities in the USA.
Buy Greece now. and Use the cheap labour (Then apple can manufacture in Europe, get cheap wages, and not have to worry about importing iproduct into a blockaded trading block)
MD
Saturday, January 21, 2012 at 11:19 PMSorry full year profit 14 Billion…. with full year revenue 65 billion….
(above numbers aren’t full year)
That makes them around number 35 by revenue (I can’t do the work to figure it out by profit, but Exxon made double (30 Billion) the profit…..( and Chevron 20Billion)
So Market Capitalisation isn’t really that important…. (Money in the bank buys more (buys more credit too))
Not Number 1.