Apple is separating the new smartphones into its usual low-cost versus high-cost categories, with big differences between the two models coming down to the camera, display, and battery life.
iOS 13 & watchOS 6 Now Available
Apple Briefly the Most Valuable Company in the World [Updated]
Apple, Inc. was, several times today, the most valuable public company in the world as measured by market capitalization. Apple's market cap briefly passed ExxonMobil today, just after 1PM, reaching $341.55 billion in valuation. ExxonMobil was valued at $341.42 billion. Both stocks fluctuated throughout the day, but ExxonMobil closed the day at a higher valuation.
Apple didn't pass ExxonMobil by rocketing up in price, however. It merely hasn't fallen as far during the current market downturn. Both AAPL and XOM are significantly off their highs as the overall markets have dropped over the past couple weeks.
Five-year comparison of Apple and Exxon Mobil market capitalizations (Source: YCharts)
Today, Apple is having a strong day, up more than 4%, while Exxon is near flat.
At the time, Apple's stock was trading at $368.40, off 8% from its all-time high of $404 - but ExxonMobil had fallen farther, down 20% to $70.21 from just over $88.
Update: While Apple dropped back a bit after its initial move past ExxonMobil and quickly relinquished the lead, ExxonMobil has pulled back more than Apple has over the past few hours, and Apple now holds a market cap lead of $4-5 billion.
Update x2: At 4PM Eastern, the end of the trading day, ExxonMobil closed at $71.64 with a market cap of $348.32 billion. Apple closed at $374.01, valued at $346.74 billion, some $1.6 billion behind XOM.
Apple didn't pass ExxonMobil by rocketing up in price, however. It merely hasn't fallen as far during the current market downturn. Both AAPL and XOM are significantly off their highs as the overall markets have dropped over the past couple weeks.
Five-year comparison of Apple and Exxon Mobil market capitalizations (Source: YCharts)
Today, Apple is having a strong day, up more than 4%, while Exxon is near flat.
At the time, Apple's stock was trading at $368.40, off 8% from its all-time high of $404 - but ExxonMobil had fallen farther, down 20% to $70.21 from just over $88.
Update: While Apple dropped back a bit after its initial move past ExxonMobil and quickly relinquished the lead, ExxonMobil has pulled back more than Apple has over the past few hours, and Apple now holds a market cap lead of $4-5 billion.
Update x2: At 4PM Eastern, the end of the trading day, ExxonMobil closed at $71.64 with a market cap of $348.32 billion. Apple closed at $374.01, valued at $346.74 billion, some $1.6 billion behind XOM.
[ 189 comments ]
Top Rated Comments
(View all)
106 months ago
Should have taken Michael Dell's advice in 1997:
Read more: http://news.cnet.com/2100-1001-203937.html#ixzz1UYO0YunA
"What would I do? I'd shut it down and give the money back to the shareholders," Michael Dell said before a crowd of several thousand IT executives.
Read more: http://news.cnet.com/2100-1001-203937.html#ixzz1UYO0YunA
106 months ago
I think the reason you preferred it then is because most people didn't own Apple products then, and when owning one then, you felt more special than you do today. This is similar to the RayBan Wayfarer glasses. I remember owning these ten years ago feeling unique, but now they're so mainstream, I've gone off them :rolleyes:
I don't know. Maybe that's how you feel. That you buy products to feel special. Maybe the OP was commenting on how he preferred when Apple was grass roots and was the underdog to cheer for and needed their customers vs the size and magnitude they are today.
Maybe it has nothing to do with wanting to feel elitist...
106 months ago
if you would have asked me 10 yrs ago, were would you see apple in ten yrs. I would have said gone. Congrats you guys deserve it.:)
106 months ago
I think not... How did you get you :apple: stuff?
- Parts of it are made from oil
- Building process needs oil
- Shipping it to you or the store needs oil
- You picking it up at the apple store needs oil
- Your car
- Your mom's car
- The city bus
- The grease on your bike
- etc
It's great for Apple (really), but market valuablabla is really just made up numbers in the end based on the way the market works (I have little clue on the actual details).
So in the end, without oil, there would be no Apple. As there wouldn't be much anything without natural resources.
But still, great for Apple!
It also goes the other way around. Without technological appliances and means of transport, there would be little need for oil.
106 months ago
I think not... How did you get you :apple: stuff?
- Parts of it are made from oil
- Building process needs oil
- Shipping it to you or the store needs oil
- You picking it up at the apple store needs oil
- Your car
- Your mom's car
- The city bus
- The grease on your bike
- etc
It's great for Apple (really), but market valuablabla is really just made up numbers in the end based on the way the market works (I have little clue on the actual details).
So in the end, without oil, there would be no Apple. As there wouldn't be much anything without natural resources.
But still, great for Apple!
You're probably missing the point of the original comment.
[ Read All Comments ]
Apple today shared a new trailer for its upcoming TV show "Dickinson," which stars Hailee Steinfeld as poet Emily Dickinson.
The show will be one of the first available when Apple TV+...
Apple today seeded a beta of iOS 13.1 that's designed to work with the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max.
The new beta can be installed over-the-air after installing the proper...
Apple officially releases iOS 13 in just over an hour, and a host of new iPhone features are coming with it, including a system-wide Dark Mode, a Find My app, a revamped Photos app, updated privacy...
Netgear has opened pre-orders for the latest version of its Orbi Mesh Wi-Fi System, which features 6th-generation Wi-Fi 6 802.11ax technology that supports gigabit wireless speeds.
For those...
Apple today released a new update for Safari Technology Preview, the experimental browser Apple first introduced three years ago in March 2016. Apple designed the Safari Technology Preview to test...
Shazam, the song discovery app owned by Apple, was today updated to add Dark Mode support ahead of tomorrow's iOS 13 launch.
Following the update, Shazam will be displayed in Dark Mode...
Apple today seeded eleventh beta of an upcoming tvOS 13 update to developers and public beta testers, one week after seeding the tenth beta and more than two months after unveiling the tvOS 13...
Facebook today announced a new set of Portal video chat devices, including one that is aimed to compete in the streaming TV market. This device is called the Portal TV, and it connects to a TV set...
