Apple Now Reigns as World's Most Valuable Company

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News Posted: Thu, Aug 11 2011 6:20 PM
After a few days of duking it out with Exxon Mobil, Apple has taken the number one spot in the list of most valuable companies in the world.

For a brief period of time on Tuesday, Apple took position ahead of Exxon Mobil, but by the end of the day the situation had reversed. Yesterday, the same thing happened, but Apple managed to hang onto its lead, meaning that on top of having more money than the entire United States, the company is now worth more than any other.

It is perhaps unsurprising, as Apple has seen steady growth over the past few years, which has only been boosted by the iPad's success and wins in patent infringement cases against Samsung and HTC, in the E.U. and U.S. respectively. The company now sits at a market value of about $337,174 million, compared with Exxon Mobil's $330,770 million, and has also surpassed Microsoft and IBM, among others.


With Apple now sitting on top in seemingly every measurable way financially, consumers have to wonder what the company will do with the money. Perhaps an Apple Store on every corner, much like Starbucks.
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No surprise here, they are a force to be reckoned with.

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realneil replied on Thu, Aug 11 2011 9:00 PM

ThunderBird:
No surprise here,

Yeah, the most expensive too,..........

Don't part with your illusions. When they are gone you may still exist, but you have ceased to live.

(Mark Twain)

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Dave_HH replied on Thu, Aug 11 2011 11:15 PM

It's actually quite amazing how far they have come, back from the brink.

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Yea Dave I often think if I would have bought some stock back then I'd be sitting pretty about now!!!!!

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AKwyn replied on Fri, Aug 12 2011 10:24 AM

Even with Android, Apple cannot be stopped.

I guess those people who bought Apple stocks are now pretty rich.

 

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Yo realnell,

how's that "cheaper tablet" search working out for you?

Apple just happened to get it right this time.

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rrplay replied on Fri, Aug 12 2011 9:46 PM

Actually ir really is pretty amazing just fat  Apple has come in a rather short amount of time &  timing is everything

So cannot really knock them too hard since the proof is somewhere in all the abundance of ALL that sweet smelling cash! :)

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realneil replied on Fri, Aug 12 2011 10:49 PM

msbpodcast1:
how's that "cheaper tablet" search working out for you?

My daughter has one of the new iPads,....almost $900.00 for all of the whistles and bells.

I see that as a ripoff. She offered to buy one for me and I told her I didn't want it. (I do, but I'll be damned if I make her spend that kind of money on me)

I know their crap is good. I just sold my iMac not long ago to one of my sons. It was and is a fine PC.

My point is that I think that they're way, way overpriced.

 

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rapid1 replied on Mon, Aug 15 2011 3:45 PM

Wow; I just saw some big news, that could very well make this irrelevant. Google is buying Motorola Mobility and has already applied for approval of the take over. The thing with all of that is this, the first mobile cell phone I ever saw was a Motorola StarTac, which I of course proceeded at that time to buy. With the basic patent holdings of Motorola (1750 I think it is) it would seem to me in many ways you would in a large way own the backbone of mobile communication period.

So the people who own Apple stock may have made a good bit of money, when this goes through I would imagine Google would have to split just to begin with. Google will also be a phone manufacturer like Apple is, they already own Android, and they already have pretty much every other phone manufacturer and carrier on the planet owing them residuals and licensing fees, and now they will owe them patent fee's.

As far as it goes with that patent list they might even be able to successfully sue Apple on every communications device they make be it iPhone, iPad, or even iPod touch because it can be a wireless (VOIP) phone device and holds the hardware for it internally.

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