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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.
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.
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.
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.
[ 106 comments ]
Top Rated Comments
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2 weeks 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]
I must own different “everything they have created lately” devices than you because none of them have any issues.
[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.
2 weeks ago
Doom, so much doom, other companies would give everything to be doomed like this...
2 weeks ago
Why should we care? I care everything they
have created recently has issues and they
want more money for it.
have created recently has issues and they
want more money for it.
2 weeks 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 :-)
2 weeks ago
This isn't going to last. I just don't see how Apple will keep growing in the future. All signs point to stagnating growth:
* mature smartphone industry
* no new innovative product in the pipeline: the self-driving car project was a bust, AR will rely on gimmicky controls on your iPhone/iPad preventing long use sessions because of how goofy you look when using it. Thus preventing mass adoption.
* India being Apple's next market to corner is being hard to play with
So overall, I just don't see how Apple can keep posting record profits every 4th quarter as they have been for the last 10 years going forward. Consider me skeptical, but just being honest here from what I can see as an armchair enthusiast analyst.
* mature smartphone industry
* no new innovative product in the pipeline: the self-driving car project was a bust, AR will rely on gimmicky controls on your iPhone/iPad preventing long use sessions because of how goofy you look when using it. Thus preventing mass adoption.
* India being Apple's next market to corner is being hard to play with
So overall, I just don't see how Apple can keep posting record profits every 4th quarter as they have been for the last 10 years going forward. Consider me skeptical, but just being honest here from what I can see as an armchair enthusiast analyst.
2 weeks ago
This isn't going to last. I just don't see how Apple will keep growing in the future. All signs point to stagnating growth:
* mature smartphone industry
* no new innovative product in the pipeline: the self-driving car project was a bust, AR will rely on gimmicky controls on your iPhone/iPad preventing long use sessions because of how goofy you look when using it. Thus preventing mass adoption.
* India being Apple's next market to corner is being hard to play with
So overall, I just don't see how Apple can keep posting record profits every 4th quarter as they have been for the last 10 years going forward. Consider me skeptical, but just being honest here from what I can see as an armchair enthusiast analyst.
By ensuring they are profitable on each sale they only need a small percentage of the full market. Also, by being the status mark of success, those who buy the cheaper items aspire to be able to step up.
2 weeks ago
Why should we care? I care everything they
have created recently has issues and they
want more money for it.
This isn't going to last. I just don't see how Apple will keep growing in the future. All signs point to stagnating growth:
* mature smartphone industry
* no new innovative product in the pipeline: the self-driving car project was a bust, AR will rely on gimmicky controls on your iPhone/iPad preventing long use sessions because of how goofy you look when using it. Thus preventing mass adoption.
* India being Apple's next market to corner is being hard to play with
So overall, I just don't see how Apple can keep posting record profits every 4th quarter as they have been for the last 10 years going forward. Consider me skeptical, but just being honest here from what I can see as an armchair enthusiast analyst.
Also, their services division continues to grow.
2 weeks ago
Not that it really matters, the top 4 have been all over the place and switching lately.
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