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Apple Now Worth More Than Germany's Entire DAX Stock Index
Apple's shares jumped 2 percent today in after-market trading, following the company's best reported quarter ever in terms of revenue and profit.
The tech giant's market capitalization has now grown to over $1.4 trillion, further cementing its place as the world's most valuable tech company. Only the Saudi Aramco oil company is worth more.
AAPL is currently hovering around $312 in pre-market trading. As The Guardian points out, Apple's valuation is now more than Germany's 30 largest listed companies that make up the DAX index on the Frankfurt Stock Exchange.
The DAX is worth a combined $1.36 trillion, including business software giant SAP ($162 billion), chemical company Linde ($111 billion), engineering and industrial conglomerate Siemens ($108 billion), and insurance group Allianz ($100 billion).
The figures are a response to Apple's glowing financial results last night which saw the company post revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or $4.18 per diluted share, in the year-ago quarter. The quarter was the best in Apple's history, topping the first fiscal quarter of 2018.
The tech giant's market capitalization has now grown to over $1.4 trillion, further cementing its place as the world's most valuable tech company. Only the Saudi Aramco oil company is worth more.
AAPL is currently hovering around $312 in pre-market trading. As The Guardian points out, Apple's valuation is now more than Germany's 30 largest listed companies that make up the DAX index on the Frankfurt Stock Exchange.
The DAX is worth a combined $1.36 trillion, including business software giant SAP ($162 billion), chemical company Linde ($111 billion), engineering and industrial conglomerate Siemens ($108 billion), and insurance group Allianz ($100 billion).
The figures are a response to Apple's glowing financial results last night which saw the company post revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or $4.18 per diluted share, in the year-ago quarter. The quarter was the best in Apple's history, topping the first fiscal quarter of 2018.
Tag: AAPL
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3 weeks ago
Considering Germany is in a slump at present, I don’t think it’s worth noting.
3 weeks ago
Apples lowest quality, most uninspired products up to date, yet their highest financial performance. To me that's the perfect proof of how ****ed up todays economy is...
That’s reality, for those that live in the real world.
3 weeks ago
Considering Germany is in a slump at present, I don’t think it’s worth noting.
GDP has grown every year for the past 10 years, and the DAX recently hit an all time high. During that time the unemployment rate has steadily decreased, and is lower than most of Europe and the US.
How is that a "slump"?
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To further profits, removing ports (and therefore wired CarPlay access) is what I fear from Apple.
So Flash support, CD-ROM drives, and headphone jacks were removed to "further profits"? Seems to me the common thread is outdated technology that takes up space (just like ports to charge and transfer data).
Good one.
3 weeks ago
How is it that when Apple moves a couple of per cent the media call it a jump or a surge. It’s barely anything. When a stock like Netflix on occasion jumps 10 per cent, now that’s a surge.
3 weeks ago
Apples lowest quality, most uninspired products up to date, yet their highest financial performance. To me that's the perfect proof of how ****ed up todays economy is...
Are you serious? The iPhone, iPad, Apple TV and Apple Watch are the best-built devices in their respective categories. Best user experience. Other devices can do similar stuff, but Apple built perfect "cross-device" functionality.
Mac is now starting to get the love it needs, and we'll see it join the party soon.
The software is extremely complex, so I forgive them for a few bugs. Yes, they can do better on the release side of things, but they have also fixed bugs quickly.
3 weeks ago
Apples lowest quality, most uninspired products up to date, yet their highest financial performance.
Yeah, I mean, look how ‘uninspiring’ the AirPods and Apple Watch is, totally slaughtering the market right now in terms of growth, not to mention the Apple Watch is the _only_ real competition out there, with Fitbit at a dead end (And being acquired from Google). But it must be true what one member says on Macrumors to determine for the million(s) of other people that support Apple products every day. That’s why comments like yours have no real credibility when you interject some form of personal vendetta against Apple.
3 weeks ago
As a German, this is frustrating on so many levels...
Only America has created Apple, Google, Amazon, Microsoft, Twitter etc, the giants of this age. There is something, or perhaps more likely a combination of somethings, that has ensured US technology business is dominating the 21st century even more than in the late 20th. Brits like me and Germans like you can only look on in wonder, and of course we can carry on buying the products!
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