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Apple Once Again the Most Valuable Public Company in the World

Wednesday February 6, 2019 1:59 pm PST by Juli Clover

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.

Top Rated Comments

(View all)

az431

10 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.

Rating: 24 Votes

StellarVixen

10 months ago

Doom, so much doom, other companies would give everything to be doomed like this...

Rating: 20 Votes

snowboarder

10 months ago

Why should we care? I care everything they
have created recently has issues and they
want more money for it.

Rating: 17 Votes

bambooshots

10 months ago

People here aren't gonna like this at all.

Rating: 15 Votes

Zaft

10 months ago

Oh boy, I’m sure the macrumors users are excited bout this.....

Rating: 14 Votes

s15119

10 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 :-)

Rating: 12 Votes

anshuvorty

10 months 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.

Rating: 8 Votes

bbednarz

10 months ago

Why should we care? I care everything they
have created recently has issues and they
want more money for it.

If what they are making does not work for you then you should look elsewhere.

Sure the smartphone market is mature, but the smartwatch market is still in its infancy. How was the self driving car project a bust? They haven't even announced anything about it. AR in its current form is next to useless. Once they can make the technology small enough to fit in glasses it could be huge.

Also, their services division continues to grow.

Rating: 7 Votes

genovelle

10 months ago

Sounds like the same song that has been sung by analysts since the iPod. They miss what Apple really is. They are an affordable luxury company. While others chase market share, Apple takes over the top end with usable features that others can’t match for years even though they may have released a subpar version years earlier. Like TouchID and FaceID.

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.

Rating: 7 Votes