Apple’s only $14 billion away from being larger than the entire U.S. retail sector

By on March 13, 2012 at 10:32 AM.

Apple’s only $14 billion away from being larger than the entire U.S. retail sector

Apple market capitalization, as it sits, is just over $514 billion — an astonishing number we’re all still getting used to. Even more amazing, however, is that Apple’s market cap is about to be larger than the entire United States retail sector. With Friday’s iPad launch, we’re guessing that $14 billion in market value won’t be an issue… More →

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By the numbers: Apple vs. the world

By on February 13, 2012 at 10:15 AM.

By the numbers: Apple vs. the world

The news that Apple planned to unveil its third-generation iPad in early March sent Apple’s stock soaring to $500 and beyond, and it brought back a meme that has come and gone quite frequently over the past year: “Apple is worth more than.” Ever since Apple began to go back and forth with Exxon for the title of most valuable company in the world, the media has become obsessed with finding combinations of companies, national debts and other interesting things that Apple is worth more than. The game has become quite easy now that Apple has put some separation between itself and Exxon — as of market close on Friday, Apple’s market capitalization topped $460 billion while Exxon’s value sat at just under $397 billion — but in the context of Apple’s rivals, there are two key areas where this meme is of particular interest. Read on for more. More →

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A single share of Apple stock now costs more than an iPad

By on February 13, 2012 at 9:30 AM.

A single share of Apple stock now costs more than an iPad

The “Apple is worth more than” meme has gotten plenty of play over the past year, but a new measure of Apple’s success emerged on Monday that is as simple as it is monumental: a single share of Apple stock now costs more than an iPad. As of the open of the market on Monday, Apple’s stock rose just above $499 — the entry-level price of Apple’s iPad 2 — undoubtedly on its way to $500 and beyond. The Cupertino-based firm that once teetered on the brink of bankruptcy and was saved in part by a $150 million investment from Microsoft is now worth more than Microsoft and Google combined. Read on for more. More →

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Apple passes Exxon to become world's most valuable company

By on August 10, 2011 at 6:20 PM.

Apple passes Exxon to become world's most valuable company

As of market close on Wednesday, Apple’s market capitalization totals $337.17 billion — $6 billion higher than Exxon Mobile at $330.77 billion — making Apple the most valuable company in the world. Apple’s market cap topped Exxon’s briefly during trading on Tuesday, but Exxon rallied ahead of close to regain the No. 1 spot. Shares of Apple stock fell 2.8% to $363.69 on Wednesday, while Exxon’s stock dropped 4.4% to $68.03 as trading closed. Mobile devices like the iPhone and iPad have helped breathe new life into Apple, which found itself on the verge of bankruptcy 15 years ago. While Apple and Exxon may bounce around as No. 1 and No. 2 in the days and weeks to come, Apple’s climb from dire straights to the world’s most valuable company will likely be studied in business schools around the world for decades. Apple is expected to launch new iPhone and iPad models this fall.

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RIM chiefs no longer billionaires thanks to plummeting RIM stock

By on June 23, 2011 at 6:01 PM.

RIM chiefs no longer billionaires thanks to plummeting RIM stock

Shares of RIM stock have taken a beating since the company announced devastating first-quarter earnings last Thursday. The Waterloo, Ontario-based BlackBerry maker missed Wall Street’s first-quarter consensus, it lowered its full-year guidance, it announced workforce reductions, it confirmed product delays and investors went running for the door as did a top executive. Since the earnings release last week, RIM’s stock has fallen more than 25%. This is bad news for every RIM investor, but two in particular must be especially upset. RIM Co-CEOs Mike Lazaridis and Jim Balsillie collectively own more than 10% of the company, a stake that helped each man achieve billionaire status. Last year, Lazaridis was ranked the world’s 651st richest man by Forbes with a net worth of $1.9 billion, and Balsillie was No. 692 on the list with a net worth of $1.8 billion. Fast forward to today, and neither man can call himself a billionaire any longer. The cheifs’ stake in the company is still worth more than $1 billion combined, but separately, their net worths are now just roughly $800 million a piece. We doubt the employees set to be laid off in the coming weeks and months will shed any tears for the Co-CEOs’ loss, but it’s just another piece of a puzzle that continues to fall apart. Some analysts believe RIM is hardly out for the count, however, and we agree that the company has a bit of fight left in it. If Balsillie and Lazaridis hope to rejoin the billionaire club, it’s time to put those gloves on and start swinging. More →

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Apple may become the first $1 trillion company [video]

By on May 3, 2011 at 2:11 PM.

Apple may become the first $1 trillion company [video]

Giddy over Apple’s consistent staggering growth — and seemingly giddier over the iPad — Formula Capital managing partner James Altucher believes that Apple is poised to become the first $1 trillion company. In fact, Altucher thinks Apple could already be a $2 to $3 trillion company. According to Altucher, Apple can basically do no wrong — he believes demand for the iPad 2 will continue to grow and then new products like the iPhone 5 and iPad 3 will send demand for Apple devices through the roof. He goes on to state that Jobs’ eventual departure from the company won’t even have a significant impact on Apple’s future, as many analysts expect, thanks to other great innovators within Apple such as Tim Cook. Apple’s market capitalization is currently around $320 billion, so its stock price would have to balloon to about $1,000 for Apple to hit $1 trillion. Hit the break for an enthusiastic Altucher talking up Apple in an interview with Business Insider. More →

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HTC Q1 profit triples on demand for Android phones

By on April 8, 2011 at 8:00 AM.

HTC Q1 profit triples on demand for Android phones

HTC on Friday reported first-quarter 2011 earnings highlighted by profit that handily beat analysts’ estimates. Tremendous demand for the company’s popular Android smartphones such as the EVO 4G and ThunderBolt helped HTC record a first-quarter profit of NT$14.83 billion ($511 million) compared to analyst expectations of NT$12.99 billion. HTC said its first-quarter revenue grew 174% to NT$104.2 billion, and analysts believe continued strong demand for Android devices will help HTC’s revenue grow up to 20% in the second quarter of this year. BGR on Thursday reported that HTC’s market capitalization, which recently surpassed that of Finnish phone giant Nokia, is expected to surpass NT$1 trillion this year, making HTC only the third company on the Taiwan Stock Exchange to reach the milestone. Share of HTC stock closed down 3.33% on Friday.

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HTC market cap to hit all-time high, surpassing $35B this year

By on April 7, 2011 at 7:00 AM.

HTC market cap to hit all-time high, surpassing $35B this year

HTC’s market capitalization is expected to soon surpass NT$1 trillion according to a report on Wednesday from Taiwan Economic News. The company’s market cap recently passed the NT$900 million mark, and analysts believe it will grow beyond NT$1 trillion — just below $35 billion USD — this year. As HTC pushes out popular devices like the EVO 4G, Legend and Desire, the company’s shipments and revenue continue to grow; HTC shipped 25 million devices in 2010, a 111% increase over the prior year, and it forecasts revenue growth of 147% in 2011. Should HTC’s market cap surpass NT$1 trillion this year, it will be just the third company on the Taiwan Stock Exchange to reach the milestone, joining Taiwan Semiconductor Manufacturing Co., Ltd. and Foxconn parent company Hon Hai Precision Industry Co., Ltd. More →

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Apple’s market cap passes $300 billion

By on January 3, 2011 at 2:02 PM.

Apple’s market cap passes $300 billion

Apple’s stock is up around 7 points at the time this post was published, and you know what that means… the company’s market cap is now above $300 billion. The actual number is more like $302 billion, but who’s counting a measly two billion at this point, right? Shares of Apple are trading at around $330 which is a new record high for the company. Analyst expectations are that Apple has set new sales records for the holiday quarter, and that’s most definitely baked into the stock price. Apple will report their fiscal first quarter results on January 18th. More →

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Apple's market cap surpasses Microsoft's

By on May 26, 2010 at 3:50 PM.

Apple's market cap surpasses Microsoft's

Apple Logo-Black + White

Market cap isn’t everything when determining the value of a company, but considering that just over 10 years ago Apple was free falling into irrelevance, the news today that Apple’s outstanding shares are for the first time ever worth more than Microsoft’s is nothing short of amazing. At the time of writing this, Apple’s market cap was $224.01 billion while Microsoft’s was $217.52 billion. The only company in the world with a market cap larger than Apple is Exxon Mobil at $279.21 billion. For those who aren’t entirely aware of what market cap is, it’s measured by multiplying the number of outstanding shares by their value. But as with stock prices themselves, prices tend to be influenced more by people’s perception of the company’s performance than its actual worth. So basically what we’re saying is to think of this as symbolic. It seems people have more confidence in Apple’s ability to innovate and lead than they do in Microsoft. More →

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