Quick Note: Apple Stock Surges Past $500/Share
February 13, 2012 10:09 AM
comment(s) - last by
"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.
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
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.
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RE: Highly Overvalued
2/13/2012 3:06:22 PM
iPads are starting to show up in more business uses (as I predicted in 2009 - it would be going a lot faster if they'd hit the $250 price point I estimated back then, rather than being Apple and trying to maintain $500). What's holding the iPhone back for business is lack of tight coupling with Exchange so companies can control the emails going to your phone (lose your phone and they can remote-wipe all company emails). That's what's been keeping RIM and the Blackberries in business for so long.
At some point there's going to be a conflict between iOS' closed nature and businesses' desire to put custom software on it. If a business puts 6 figures into developing a custom proprietary inventory app for iPad to give them a leg up over the competition, I seriously doubt they will consider distribution through the App Store as acceptable. Depending which way that breaks, Apple's mobile devices could go on to dominate business (Android's open nature actually hurts it when it comes to business trying to control the devices its employees use). Or Apple could end up relegated to a 5% market share like it has in PCs.
RE: Highly Overvalued
2/13/2012 3:15:21 PM
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
2/13/2012 6:14:34 PM
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 "
are starting to show up in more business uses"
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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