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Apple On Track for Trillion Dollar Valuation

Discussion in 'News' started by TheMailMan78, Feb 13, 2012.

  1. TheMailMan78

    TheMailMan78 Big Member

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    Today Apple announced its market value to be $500 billion dollars after a massive stock surge Monday. The tech giant’s valuation is now nearly halfway to the 10-figure mark, with speculation Apple will launch iTV later this year driving shares to new record highs. Yet, Apple still has a way to go to become the most valuable company of all time. If Apple shares continue to hit new record levels, its market cap will reach $500 billion when the price reaches $537.

    Still, shares will need to rise another $100 above that level to put Apple in contention for the most expensive company ever. According to Standard and Poor’s, ExxonMobil was the most recent company to see a valuation north of $500 billion, back in 2007 when oil prices were at record highs. While Microsoft may not excite investors like it did in Y2K, the software behemoth still holds the record for the most expensive valuation. Its market cap closed out 1999 at just over $600 billion according to Standard and Poor’s, before peaking north of $650 billion during the tech bubble in 2000. The high analyst price target on the street for Apple right now is $700. At that price, its market cap will handily surpass Microsoft’s Y2K record.

    Time will tell if Apple will reach the trillion dollar mark.

    Source: CNBC
     
    Last edited by a moderator: Feb 13, 2012
  2. trickson

    trickson OH, I have such a headache

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    I doubt this will happen. But with all the Apple dummies out there I know it has a chance. Never had any thing Apple never will.
     
  3. _JP_

    _JP_

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    Maybe we can trick Mugabe into making a fool of himself...

    [​IMG]
    I'll buy it, keep the change.
     
    Last edited: Feb 13, 2012
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  4. NdMk2o1o

    NdMk2o1o

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    AsRock says thanks.
  5. theJesus

    theJesus

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    Well, it's halfway there and not too many other companies can claim as much.
     
  6. n-ster

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    They should adjust for inflation though, 650 b$ in 2000 is over 850 b$ in 2012
     
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  7. theJesus

    theJesus

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    True. I still think they'll hit the trillion dollar mark sooner or later though. If I didn't hate them, I might think it worth investing in their stock.
     
  8. m1dg3t

    m1dg3t

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    Thing's like this just goes to show the everyday person how end user friendly Apple really is. They make their product's for no more $100/unit and sell them @ 5,6 or even 7 time's that amount. All the while forcing their mfg employee's to work in slave labour condition's. GG Apple :toast:
     
  9. Isenstaedt

    Isenstaedt New Member

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  10. theJesus

    theJesus

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    Everybody is a competing company if your name is Apple.
     
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  11. Super XP

    Super XP

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    :roll: So True, Lot's of Apple Dummies
     
  12. m1dg3t

    m1dg3t

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    An Apple a day keep's the smart people away! :laugh:
     
  13. Red_or_Dead

    Red_or_Dead New Member

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    soooooo... i can call you a cOCK and before you get a bag on, i didn't call you a Cock did i?
     
  14. m1dg3t

    m1dg3t

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    Don't start an argument over semantic's, what are you guy's Apple employees?
     
  15. v12dock

    v12dock

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    Microsoft's 2000 market cap is still higher with the inflation rate
     
  16. n-ster

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    :rolleyes:
     
  17. xaira

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    so the word on the street is that apple is on track to become the most valuable company of all time...it starts slowly, record earnings here...record earnings there, then the fourth most profitable quarter of any company in the history of earth...people take note but dont want to cause a ruckus...people sell gold and buy apple shares...why not put your savings in apple shares...put your pension in apple shares...want little jimmy's college fund to grow...why not apple shares eventually apple shares are the most sought after commodity in the world...wall street derives complex financial products and sells them to everyone who wants a piece of the pie...AIG insures the investments made by all parties into apple shares... why not...apple shares havent gone down since the last recession, itll never go down

    Owners borrow massive sums against the future earnings of their apple shares, that the banks gladly approve because if the loans default they get the apple shares(which will rise forever)... i got tired of typing but you get my drift
     
  18. lashton New Member

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    hmmm

    we sell Mobile Phones in Aussie and NZ, and we sell 60 to 1 in favout of the Galaxy S2 over the Iphone 4s, but we get 1:1 returns so the iphones 4S is shittier and returning more for stupid little things
     
  19. AphexDreamer

    AphexDreamer

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    Apples uses Foxconn and further perpetuates the cruel working environments over there. I despise any company that uses Foxconn.

    Now I do own a ps3 but that was before I knew what was going on. This in combination with other various reasons will lead me to not buy an iPhone or any future consoles (Since they will likely use Foxconn).

    Good day.
     
  20. crazyeyesreaper

    crazyeyesreaper Chief Broken Rig

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    well good luck buying any electronic device period, Foxconn has their hands in almost every electronic device made on the face of the planet.
     
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