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"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 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"


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