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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 TakinYourPoints on 2/14/2012 7:34:29 AM , Rating: 3
Also, this is annoying:

You:
quote:
That's patently false. Apple cannot keep growing forever at the rate investors expect


Me:
quote:
Right, and this is a huge reason why Apple's PE is as low as it is. It isn't being priced as a growth stock, that's the whole point. It is priced very conservatively with a price-to-earnings ratio similar to stagnant companies that pay out a dividend. If Apple was priced as a growth stock, even conservatively, it would be worth more than it is now. A moderate 20 PE of Google's would put it over $700, which is insane.


I explain over and over that Apple is being priced the similarly to stable divvy stocks like Microsoft and it flies right over your head. Unreal.


"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser














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