Quick Note: Apple Stock Surges Past $500/Share
February 13, 2012 10:09 AM
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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.
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
2/14/2012 9:25:19 AM
On the contrary, you should feel sorry for people who force their clients to support criminal corporations convicted of horrid market abuses. It's called not supporting crime. You should try it some time.
...and while sure, at this point in time in a benchmark, Intel can show an upper hand for max performance, at any given price point an AMD box will give the same or better subjective performance from the standpoint of an actual human being, who is utterly uninterested in PCMark or anything else. Except for the tiniest few people in the world who have unlimited funds to blow on a PC and actually give a sh1t about benchmarks, it doesn't matter in the slightest what CPU is actually in there. Sorry to burst your little bubble...but it just doesn't matter.
As for Apple being "the only tech company that contracts independent audits of their suppliers and manufacturers" - that may or may not be correct, I don't know. What I do know - beyond the shadow of a doubt - is that they're the only tech company that's ever *needed* to.
Your reality distortion field is working over time. Wonder if it's transmissible by oral intercourse from the original source - that would explain braindead Apple zombies like you and Swash.
RE: Highly Overvalued
2/14/2012 11:00:06 AM
I'm having a hard time agreeing with that. The Bulldozer's per-core performance is terrible regardless of threads, and the power consumption is frankly alarming for what mediocre performance you get.
If I was your customer, that WOULD matter to me. Things like that DO matter. However I guess if I was in your place, padding my profit margins by throwing in AMD garbage would be tempting. I would just have to look right into their eyes when they asked me about Intel and flat out lie to their face...
I agree with the Apple and Takin bashing though. Keep it up :D
RE: Highly Overvalued
2/16/2012 12:06:14 AM
Bulldozer is trash.
Yes, performance actually matters, particularly in forums such as these.
Yes Intel offers the best performance per dollar across the widest range of products.
You are still a joke.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
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