If you happen to follow the stock market (or even if you don’t) you may have heard that Apple posted record-level quarterly financial results on Tuesday. Analysts have pointed to a combination of the release of the wildly popular iPhone 4S and the holiday season as the source of the extra performance. However, this is just the cherry on top of the sundae. Apple’s growth has been meteoric these last few years, largely on the back of the iPhone and the iPad.
But most of the numbers you see really don’t mean much to your everyday person. A market cap of $416 billion? Okay, that’s a lot. But how much is it?
The Wall Street Journal had a great infographic the other day breaking it down. Here are couple of highlights. Article Continues…
Unless you tend to follow the stock market, you may have missed out on this one – I know I did. Looks like Apple Inc, has been volleying back and forth with Exxon Mobil for the title of “Most Valuable Company in the World” over the last few days. And as of 1:08PM Central Daylight Time on August 11, 2011, Apple is sitting in the top slot with a value of $346.61 billion versus Exxon Mobil’s paltry $346.38 billion. Of course, with the effects of market volatility, the financial situations in Europe and the US, and quite possibly Lex Luthor’s mind control ray, that can all change in moments, but right now Cupertino is on top.
I suppose there’s some bragging rights in there somewhere, but that’s something that a market analyst, a financial advisor or maybe Gordon Gekko could probably explain the intricacies of better than I could. All I know is that all of us long-time Mac users finally get to run around screaming “WHOOOOO!!!! We’re Number One!” to each other while swigging from large bottles of champagne and waiting by the mailbox to receive the free Mac minis that Apple is sending out in celebration.
(What?… They’re not sending out free Mac minis?… How about those large bottles of champagne?… No?… Then what’s in it for me?…) Article Continues…
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Join us as we explore the popularity of Apple’s products and their increasing presence in daily life. From iPod to iPad to iPhone4, the iDevices are sending Apple’s stock through the roof to an all time high and now they’ve announced that later this week, they’ll be coming “Back to the Mac.” We simply cannot wait to hear what that means, although we do have our assumptions as well as our hopes.