DailyTech - Quick Note: Apple Stock Surges Past $500/Share

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Gadgets Quick Note: Apple Stock Surges Past $500/Share
Brandon Hill (Blog) - February 13, 2012 10:09 AM

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 TakinYourPoints on 2/16/2012 12:13:37 AM , Rating: 2

quote:
WOW you really ARE channeling Steve Jobs aren't you? Amazing someone with such a big head can still cram it up his own ass.

I drop real knowledge on you and the most you can do is call people fanboy. Open up your mind and you might learn something and stop relying on personal opinion backed by nothing.

quote:
And they have all always been wrong every time because you didn't agree. What an ego!

They were wrong because reality proved them wrong. I have no such power over the way the world works.

quote:
Secondly, this is mostly opinion anyway. There is no solid metric to determine undervalue or overvalue.

Over the long term, yes there are. Price to earnings is a widely used metric, seriously, and right now Apple's price to earnings ratio is actually below the historical average of the S&P 500, yet according to you it is overvalued!

My ego has little to do with anything, I just go by facts and reality. You on the other hand think that reality should follow your opinion and intuition. If someone doesn't agree with your intuition, you call them a fanboy.

Ridiculous.

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"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain