Apple now the most valuable public company in US

[amirm]

http://www.tomsguide.com/us/apple-stock-market-share-price-exxon-mobil,news-12133.html

Apple Overtakes Exxon as Most Valuable US Company
11:40 AM - August 11, 2011 - By Do

Apple shares were down 2.76% to $363.69, which gave the company a market cap of $337.17 billion. Exxon Mobile, however, was down 4.41% to $68.03 and a market cap of $330.77 billion..... In terms of revenue, however, Exxon is playing in an entirely different league than Apple. Exxon posted annual revenue of $393 billion and a net profit of about $38 billion. Apple will be exceeding $100 billion of revenue this year with estimated profits of just under $25 billion. However, Exxon's future is uncertain, with growth depending on oil field discoveries and an evolution of energy away from oil in the future.

I guess Apple is the only other company other than my ex-employer to figure out how to create more valuation than digging for oil!

 

[Johnny Vinyl]

Imagine where they'd be if they supported "Flash"......

 

[amirm]

Everyone would be donating their first born to them....

 

[NorthStar]

Yup, saw that last night. Microsoft is in third position.

 

[Phelonious Ponk]

Everyone would be donating their first born to them....

...and their portable device battery life would suck. I think these things are like the Oscars; a moment at the top is evasive, fleeting, at least partially due to luck. Consistently staying in the running? That's the real trick.

If I'd had a crystal ball on Tuesday, I'd have bought Apple at 2:30 and sold at 4:30. Longer term, I'm wondering about buying big bank stocks...

Tim

 

[Johnny Vinyl]

Well...that didn't last long.......


http://www.forbes.com/feeds/ap/2011/08/11/business-energy-us-apple-exxon-mover_8619405.html

 

[amirm]

Oh well. At least the market is up!

We should have a thread on how sorry we feel about paying $4/gallon for gas so that Exon can continue to keep its position as the highest cap company in us...

 

[NorthStar]

Tomorrow's Friday, we'll see what the market reserves to us!

* Me personally I don't care anymore as I've been through all of this many years ago;
and tried to make the best out of it! ...With Music as my ally.

"Today's tomorrow's sorrow or exaltation." - Bob

 

[Orb]

http://www.tomsguide.com/us/apple-stock-market-share-price-exxon-mobil,news-12133.html

Apple Overtakes Exxon as Most Valuable US Company
11:40 AM - August 11, 2011 - By Do

Apple shares were down 2.76% to $363.69, which gave the company a market cap of $337.17 billion. Exxon Mobile, however, was down 4.41% to $68.03 and a market cap of $330.77 billion..... In terms of revenue, however, Exxon is playing in an entirely different league than Apple. Exxon posted annual revenue of $393 billion and a net profit of about $38 billion. Apple will be exceeding $100 billion of revenue this year with estimated profits of just under $25 billion. However, Exxon's future is uncertain, with growth depending on oil field discoveries and an evolution of energy away from oil in the future.

I guess Apple is the only other company other than my ex-employer to figure out how to create more valuation than digging for oil!

Heh I remember when Cisco were talked about being the first through market cap of $1 trillion quite a few years ago, seems what reaches for the heavens eventually comes falling back down again
Still good turnover by Apple, and their P/E ratio is pretty good.
To be fair, in comparison Cisco had a truly insane P/E back than I think around $50.
Edit:
OMG that is some serious brain fart I just had, somehow managed to combine in one sentence both P/E and EPS data, wow but corrected now
Cheers
Orb