Print 58 comment(s) - last by TakinYourPoint.. on Feb 16 at 12:18 AM

"Hubba, hubba, hubba! Money, money, money! Who do you trust?"  (Source: Warner Bros. Pictures)
Apple is now worth more than Microsoft and Google combined

While Apple has been in the news lately for allegations of unfair labor practices at its contracted manufacturing facilities in China, that hasn't stopped the company from increasing value for its shareholders and sending it surging ahead in market capitalization.
Today, AAPL crossed the $500/share mark for the first time in its history this morning. The stock has surged over 17 percent in the weeks following its blowout fiscal Q1 2012 earnings report. The company reported revenue of $46.33B USD and net profit of a whopping $13.06B. In addition, the company sold a record 37 million iPhones during the quarter.

Apple is currently ranked as the largest company in the world by market cap. In addition, Apple's market cap is currently more than both Google and Microsoft combined.
Following Steve Jobs' resignation as CEO in August 2011, AAPL hit a [then] all-time high of $411 pushing it ahead of Exxon Mobile as the world's largest company by market cap.

Source: Bloomberg

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RE: Highly Overvalued
By chmilz on 2/13/2012 11:10:48 AM , Rating: 5
Half the world runs on Microsoft, by choice. Apple makes gadgets for hipsters and housewives.

Even a minor fumble and Apple stock will crash hard.

RE: Highly Overvalued
By rvd2008 on 2/13/2012 12:42:06 PM , Rating: 2
I am not a fan of Appple, but not blind to a reality that Windows comes pre-installed on most Dell, HP and other computers.
Even if you build your own PC chances are no other drivers exist but Wintel. Try to install e.g. Linux Ubuntu on your average HP notebook and feel the pain: WiFi not working, video camera not working, hardware buttons not working, video hardware acceleration not working, sound not working etc..

RE: Highly Overvalued
By PrezWeezy on 2/13/2012 1:17:26 PM , Rating: 2
You are putting the cart before the horse. Windows does not have the user base it does because those don't exist. Those drivers don't exist because Linux does not have the user base. If Linux were to be a quality enough product that anyone could use it (I give an example of trying to install Java on Firefox that took me over an hour to figure out why it wasn't working. It was because I had typo'ed the command by one letter. If Linux wants a chance they will have to make point/click far better.) then they would have a larger user base and drivers would be written and people would choose.

RE: Highly Overvalued
By chmilz on 2/13/2012 1:24:27 PM , Rating: 2
I'm talking about business and enterprise. There's other options available, good ones, even some free ones, and yet MS still makes huge bank. MS products help people grow their business.

Apple products help my mom play Triple Town.

Tomorrow Android or MS or anyone else could make a shinier product that also plays Triple Town and those sales shift. Enterprise tends to stick with incumbents that perform.

I guess my point is that consumers are fickle, and that is currently to Apple's advantage, but could easily become their disadvantage.

RE: Highly Overvalued
By Solandri on 2/13/12, Rating: 0
RE: Highly Overvalued
By Omega215D on 2/13/2012 3:15:21 PM , Rating: 2
Actually many of Motorola's current phones are business and government friendly. That's the Android way, tailor it to your needs. Of course there are problems with that model but it's all a preference thing.

RE: Highly Overvalued
By chmilz on 2/13/2012 6:14:34 PM , Rating: 2
I know a bunch of companies that have issued tablets to their employees. Some were iPads. Some were Playbooks. My company uses Toshiba laptops and we're testing Thrive tablets now.

I think what you meant to say was "Tablets are starting to show up in more business uses"

RE: Highly Overvalued
By Uncle on 2/13/2012 2:27:48 PM , Rating: 2
How old is your HP, 10 years.

RE: Highly Overvalued
By Reclaimer77 on 2/13/12, Rating: 0
RE: Highly Overvalued
By invidious on 2/13/2012 4:59:16 PM , Rating: 2
The market decides not individual consumers. You can put linux on your custom box but you choose not to. You can even get linux from many big destributors like dell or hp.

The bottom line is that it doesnt matter if your choice is driven by cost, convinience, or your horoscope, its your choice.

RE: Highly Overvalued
By testerguy on 2/13/12, Rating: 0
RE: Highly Overvalued
By invidious on 2/13/2012 5:39:37 PM , Rating: 2
Actually its more like how more people choose to buy android phones over iPhones. Despite whatever magical marketing "records" Apply may be boasting about this week.

I have had my iPhone for almost 2 years because Android was too new back then, my next phone choice will be android. Just like my tablet choice was android.

RE: Highly Overvalued
By TSS on 2/13/2012 5:34:48 PM , Rating: 2
While that might be, it's still a sad day when that company has a higher market cap then the company half the world's computers run on combined with the company half the world uses as search engine and web advertisements.

Kinda like saying facebook is worth tho IBM's.

Somehow there's just a disconnect between definitions. I know money technically isn't worth anything, but if the above can happen.... money *really* isn't worth anything.

RE: Highly Overvalued
By hiscross on 2/13/2012 6:28:20 PM , Rating: 2
And you are an expert of such matters, right? Where do you people come from Syria?

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