Apple Once Again the Most Valuable Public Company in the World

Apple has once again reclaimed the title of most valuable publicly traded company marking the first time the Cupertino company has held that title since December.

As noted by CNBC, Apple surpassed Microsoft and Amazon this afternoon with a closing price of $174.24, for a market capitalization of $821.59 billion.

applestock
That beats out Microsoft's market value of $813.48 billion and Amazon's market value of $805.70 billion. Earlier this week, Apple also briefly surpassed the other two companies, and the top title has been shifting back and forth for months now.

Apple saw a significant drop in market value in January after lowering its revenue guidance for the first fiscal quarter of 2019 to $84 billion, down from $89 to $93 billion.

Apple's stock has recovered somewhat since its earnings release on January 29 where it reported revenue of $84.31 billion and net quarterly profit of $19.965 billion, or $4.18 per diluted share.

It was Apple's second best quarter ever in terms of revenue and profit, despite the fact that it ultimately ended up being lower than expected due to flagging iPhone sales.

Top Rated Comments

az431 Avatar
52 months ago
This can’t be true. The people who post here assured us that Tim Cook’s greed guaranteed Apple’s collapse, and that this was the beginning.
[doublepost=1549490747][/doublepost]
Why should [s]we[/s] I care? I care everything they
have created recently has issues and they
want more money for it.
I must own different “everything they have created lately” devices than you because none of them have any issues.
Score: 24 Votes (Like | Disagree)
StellarVixen Avatar
52 months ago
Doom, so much doom, other companies would give everything to be doomed like this...
Score: 20 Votes (Like | Disagree)
snowboarder Avatar
52 months ago
Why should we care? I care everything they
have created recently has issues and they
want more money for it.
Score: 17 Votes (Like | Disagree)
bambooshots Avatar
52 months ago
People here aren't gonna like this at all.
Score: 15 Votes (Like | Disagree)
Zaft Avatar
52 months ago
Oh boy, I’m sure the macrumors users are excited bout this.....
Score: 14 Votes (Like | Disagree)
s15119 Avatar
52 months ago
But, wait. That can't be. Apple is failing, Tim is a dummy that doesn't know how to run a company. They make shoddy products and the pricces prices are insane. Apple will go out of business any day now. Oh wait, that's just stupid comments from MR. I guess the real world is a lot different than that :-)
Score: 12 Votes (Like | Disagree)

Popular Stories

iOS 16

iOS 16.3 Now Available for Your iPhone With These 4 New Features

Friday February 3, 2023 1:13 pm PST by
Apple released iOS 16.3 in late January following nearly six weeks of beta testing. The software update is available for the iPhone 8 and newer, and while it is a relatively minor update, it still includes a handful of new features, changes, and bug fixes. Below, we've recapped new features in iOS 16.3, including support for physical security keys as a two-factor authentication option for...
HomePod 2 White and Midnight Feature Purple Blue

Apple Explains Why HomePod Was Released Again, Wi-Fi 4 Limitation, and More

Thursday February 2, 2023 7:57 am PST by
Apple's VP of hardware engineering Matthew Costello and product marketing employee Alice Chan recently spoke with Men's Journal and TechCrunch about the new second-generation HomePod in wide-ranging interviews about the smart speaker. Apple discontinued the original full-size HomePod in March 2021 after multiple reports indicated that sales of the speaker were lackluster, but Chan told Men's ...
Apple Silicon Teal Feature

The Next Big Apple Silicon Device May Not Be a Mac or iPad

Wednesday February 1, 2023 3:57 am PST by
Apple's next device with an Apple silicon chip may not be a Mac or an iPad, but rather an advanced external display, according to recent reports. The display, which is rumored to arrive this year, is expected to sit somewhere between the $1,599 Studio Display and the $4,999 Pro Display XDR – but more exact information about the device's positioning and price point is as yet unknown. While ...
iOS 16

Apple Preparing iOS 16.3.1 Update for iPhone as Wait for iOS 16.4 Beta Continues

Thursday February 2, 2023 6:41 am PST by
Apple appears to be preparing an iOS 16.3.1 update for the iPhone, based on evidence of the software in our website's analytics logs this week. It's unclear when the update will be released, but it will likely be available at some point in February. The same logs have accurately foreshadowed the release of several previous updates, including iOS 16.0.3 and iOS 16.1.1 most recently, so they...
General iOS 16 Feature Yellow

Five New iOS Features Coming to Your iPhone Later This Year

Tuesday January 31, 2023 11:58 am PST by
Apple has previously announced several upcoming iOS features that are expected to be added to the iPhone this year. Some of the features could be introduced with iOS 16.4, which should enter beta testing soon, while others will arrive later in the year. Below, we have recapped five new iOS features that are expected to launch in 2023, such as an Apple Pay Later financing option for purchases ...
Apple Pay Later Quick Green Feature

Apple Pay Later Launching 'Soon'

Thursday February 2, 2023 2:10 pm PST by
The Apple Pay Later service that Apple has in the works is set to launch "soon," Apple CEO Tim Cook told CNBC ahead of today's earnings call for the first fiscal quarter of 2023. Cook said that Apple employees are beta testing the Apple Pay Later feature, which will help Apple boost services revenue. "It will be launching soon," Cook said. Apple Pay Later was first previewed at the...
webkit vs chromium feature

Google Working on Browser for iOS That Would Break Apple's App Store Rules

Saturday February 4, 2023 1:30 am PST by
Google's Chromium developers are working on an experimental web browser for iOS that would break Apple's browser engine restrictions, The Register reports. The experimental browser, which is being actively pursued by developers, uses Google's Blink engine. Yet if Google attempted to release it on the App Store, it would not pass Apple's App Review process. Apple's App Store rules dictate...