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Apple ended 8/10/11 as the most valuable public company in the world.

Home ▸ Archive ▸ Serious Business ▸ Apple ended 8/10/11 as the most valuable public company in the world.
hoops23's avatar

hoops23

Senior Member

15,696 posts
Aug 11, 2011 2:50 AM
http://www.google.com/hostednews/afp/article/ALeqM5h1Pe2dX4xP4wWs_1bdGcsnWCyAsw?docId=CNG.3f52ef86b556df5220f05bad79855509.3e1

http://www.forbes.com/sites/briancaulfield/2011/08/10/as-stock-market-burns-apple-most-valuable-company-in-it/

After surpassing Exxon for a brief period of time on Tuesday, Apple closed Wednesday as the most valuable company in the world.

Pretty crazy, given that 15 years ago many people thought they should fold up shop.

Even crazier is many experts feel Apple is actually undervalued.

This comes after the story that Apple had more cash on hand than the US Treasury.

http://articles.latimes.com/2011/jul/29/business/la-fi-apple-cash-20110730
Aug 11, 2011 2:50am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Aug 11, 2011 8:55 AM
Steve Jobs. Like a boss.
Aug 11, 2011 8:55am
W

WebFire

Go Bucks!

14,779 posts
Aug 11, 2011 11:03 AM
I'm not sure it's a good thing anyway. The government will eventually try to split them up somehow.
Aug 11, 2011 11:03am
sleeper's avatar

sleeper

Legend

27,879 posts
Aug 11, 2011 11:30 AM
Most valuable on paper.
Aug 11, 2011 11:30am
Scarlet_Buckeye's avatar

Scarlet_Buckeye

Senior Member

5,264 posts
Aug 11, 2011 12:52 PM
justincredible;858476 wrote:Steve Jobs. Like a boss.

This.
Aug 11, 2011 12:52pm
M

MontyBrunswick

Aug 11, 2011 12:57 PM
sleeper;858615 wrote:Most valuable on paper.

yup
Aug 11, 2011 12:57pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Aug 11, 2011 1:00 PM
sleeper;858615 wrote:Most valuable on paper.

Numbers don't lie.
Aug 11, 2011 1:00pm
M

MontyBrunswick

Aug 11, 2011 1:04 PM
Yahoo was one of the most valuable companies in the world at one point, now look at them.
Aug 11, 2011 1:04pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Aug 11, 2011 1:09 PM
dlazz;858726 wrote:Yahoo was one of the most valuable companies in the world at one point, now look at them.

Apples to oranges. With the rate they are going I see Apple running shit for years to come.
Aug 11, 2011 1:09pm
M

MontyBrunswick

Aug 11, 2011 1:13 PM
Automatik;858731 wrote:Apples to oranges.

how so?
Aug 11, 2011 1:13pm
J

Jawbreaker

Senior Member

520 posts
Aug 11, 2011 1:14 PM
Automatik;858731 wrote:Apples to oranges. With the rate they are going I see Apple running **** for years to come.

Yes, because Steve Jobs will live forever.
Aug 11, 2011 1:14pm
Q

QuakerOats

Senior Member

8,740 posts
Aug 11, 2011 1:16 PM
Greed .................. let's tax them out of existence.


BHO
Aug 11, 2011 1:16pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Aug 11, 2011 1:17 PM
Jawbreaker;858736 wrote:Yes, because Steve Jobs will live forever.

lol I'm sure with his condition he has a plan of action. Its not like Apple will come to a halt when hes gone,
Aug 11, 2011 1:17pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Aug 11, 2011 1:17 PM
Jawbreaker;858736 wrote:Yes, because Steve Jobs will live forever.

No, but I'm sure he's really careful with who he surrounds himself with.
Aug 11, 2011 1:17pm
hoops23's avatar

hoops23

Senior Member

15,696 posts
Aug 11, 2011 1:24 PM
Devils Advocate;858581 wrote:Looks like it lasted about 13 minutes

http://www.businessinsider.com/apple-exxon-market-cap-2011-8

Reading comprehension fail. That was from Tuesday, which I explained in my opening post. Apple briefly passed Exxon on Tuesday, but CLOSED Wednesday as the most valuable company.

Also, lol @ the Apple haters. Try to come up with any kind of BS they can.
Aug 11, 2011 1:24pm
Scarlet_Buckeye's avatar

Scarlet_Buckeye

Senior Member

5,264 posts
Aug 11, 2011 1:24 PM
dlazz;858734 wrote:how so?

Uhm... because Yahoo never invented the iPod, iPhone, or iPad?!
Aug 11, 2011 1:24pm
J

Jawbreaker

Senior Member

520 posts
Aug 11, 2011 1:25 PM
justincredible;858742 wrote:No, but I'm sure he's really careful with who he surrounds himself with.

Maybe so, but he is what makes that company tick. Even with his time off from the company. Either way, Apple isn't going anywhere any time soon. All this money they have sitting around makes you think they could give a little more to developers and have some lower cost products.
Aug 11, 2011 1:25pm
J

Jawbreaker

Senior Member

520 posts
Aug 11, 2011 1:26 PM
Scarlet_Buckeye;858750 wrote:Uhm... because Yahoo never invented the iPod, iPhone, or iPad?!

I believe they did have a chance to buy Google. They really failed at that.
Aug 11, 2011 1:26pm
M

MontyBrunswick

Aug 11, 2011 1:27 PM
Scarlet_Buckeye;858750 wrote:Uhm... because Yahoo never invented the iPod, iPhone, or iPad?!

Yahoo was the must-have tech company in the late 90's early 2000's, now it is Apple.

So tell me, how is it any different? What services/products each offers is completely irrelevant.
Aug 11, 2011 1:27pm
sleeper's avatar

sleeper

Legend

27,879 posts
Aug 11, 2011 1:29 PM
hoops23;858749 wrote:Reading comprehension fail. That was from Tuesday, which I explained in my opening post. Apple briefly passed Exxon on Tuesday, but CLOSED Wednesday as the most valuable company.

Also, lol @ the Apple haters. Try to come up with any kind of BS they can.

The Apple fan boys who care about being the most valuable company(on paper) are even worse.
Aug 11, 2011 1:29pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Aug 11, 2011 1:30 PM
dlazz;858754 wrote:Yahoo was the must-have tech company in the late 90's early 2000's, now it is Apple.

So tell me, how is it any different? What services/products each offers is completely irrelevant.

Must have what? What physical products did Yahoo develop and keep rolling out? Yahoo basically got rolled by Google. Who is going to do that to Apple?
Aug 11, 2011 1:30pm
Scarlet_Buckeye's avatar

Scarlet_Buckeye

Senior Member

5,264 posts
Aug 11, 2011 1:30 PM
dlazz;858754 wrote:Yahoo was the must-have tech company in the late 90's early 2000's, now it is Apple.

So tell me, how is it any different? What services/products each offers is completely irrelevant.

If you can't understand the difference between Yahoo! from the late 90s, early 2000s and Apple (present day), then I don't know what to tell you my friend. The two are NOT similar.
Aug 11, 2011 1:30pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Aug 11, 2011 1:31 PM
Love or hate, you can't deny that Apple has their shit on lock. The best their competitors can do is copy.
Aug 11, 2011 1:31pm
Q

queencitybuckeye

Senior Member

7,117 posts
Aug 11, 2011 1:33 PM
justincredible;858742 wrote:No, but I'm sure he's really careful with who he surrounds himself with.

He's close friends with Larry Ellison, so not so much.
Aug 11, 2011 1:33pm