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Apple Is Now More Than Double the Size of Exxon—And Everyone Else
Wall Street Journal Moneybeat ^ | By KEVIN KINGSBURY | By KEVIN KINGSBURY

Posted on 02/23/2015 11:55:40 PM PST by Swordmaker

Just how ginormous is Apple Inc. now?

As the iPhone-maker’s shares continue to set fresh record highs, its market cap is now above $765 billion. Combined with Exxon Mobil Corp.'s pullback over the past six months, Apple has pulled off the rare occurrence of being worth at least double any other publicly traded U.S. company. No. 2 Exxon’s market cap has eased to $374 billion.

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS:
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To: central_va

LMFAO. Wow you are an idiot.


201 posted on 02/24/2015 1:36:28 PM PST by Wyatt's Torch
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To: Wyatt's Torch
LMFAO. Wow you are an idiot.

See next post the cost is $2T annually. I don't have it by state.

202 posted on 02/24/2015 1:37:36 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: BunnySlippers

.


203 posted on 02/24/2015 2:12:16 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: BunnySlippers; Swordmaker

Y’all play nice ... now. I just got notice from Apple that my new iPad is in, so I’m preparing my old iPad to clear off everything, secure erase it, remove “Find My iPad” and so on.

I might squeeze in a few more comments, but I’ll be off to the Apple Store, soon!


204 posted on 02/24/2015 2:16:30 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Star Traveler

Congratulations!

I was happily still using my iPad One that I bought after standing in line one Day 1 for 1.

But the skinny ones were so tempting. Nice to hold the lighter ones ... I’m using one now ... Hence the typos!

So I now have three iPads ... All are working fine.


205 posted on 02/24/2015 2:49:46 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: BwanaNdege; Star Traveler
Apple is way down the list of companies ranked by revenues.

Revenues are all well and good. . . but it's like Market Share. Unless those revenues stick to your fingers and in your pocket, they mean NOTHING. Unless you want to count certain Government national banks like the Industrial & Commercial Bank of China's profits of $ 42,718,000,000 with assets of 3,124,886,000,000 (that three TRILLION dollars). . . and the US Government's Fannie Mae withe profits of $ 83,963,000,000 on assets of 3,270,108,000,000 (another $3 trillion in real estate loans), There is NO OTHER COMPANY IN THE WORLD with profits like Apple's!

Profits of the worlds' largest revenue corporations in order of PROFITS:

WORLD CORPORATIONS IN ORDER OF PROFITS
Corporation US Rev. Rank World Rev. Rank Revenue Profit Rank Profits
Apple Inc. 5 15 $170,910,000,000 1 $37,037,000,000
Exxon Mobile 2 5 $407,666,000,000 2 $32,580,000,000
Samsung Electronics n/a 13 $208,938,000,000 3 $27,245,000,000
British Petroleum n/a 6 $396,217,000,000 4 $23,451,000,000
Chevron 3 12 $220,356,000,000 5 $21,423,000,000
Berkshire Hathaway 4 14 $182,150,000,000 6 $19,476,000,000
China National Petroleum n/a 4 $432,007,000,000 7 $18,504,000,000
Toyota Motor n/a 9 $256,454,000,000 8 $18,198,000,000
Royal Dutch Shell n/a 2 $459,599,000,000 9 $16,371,000,000
WalMart 1 1 $476,294,000,000 10 $16,022,000,000
Volkswagon n/a 8 $261,539,000,000 11 $12,071,000,000
Total Oil n/a 11 $227,882,000,000 12 $11,204,000,000
Sinopec Group n/a 3 $457,201,000,000 13 $8,932,000,000
China State Grid n/a 7 $333,386,000,000 14 $7,982,000,000
Glance n/a 10 $232,694,000,000 15 $ 7,402,000,000

206 posted on 02/24/2015 9:13:01 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: central_va
Gee would it be too much to ask that the start bringing their manufacturing back to the USA? I think not.

Exactly HOW MANY TIMES do you have to be told Apple is the ONLY computer manufacturer that actually DOES make computers in the USA????

Apple makes the Apple Mac Pro in Austin, Texas and assembles the Apple iMacs in Elk Grove, California. WAKE UP AND PAY ATTENTION!

Many of the parts of the iPhones and iPads are made in the USA also. Can you say the same about your Samsung or LG phones?

207 posted on 02/24/2015 9:15:44 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: central_va
The way I understand it those product lines are old, like macs etc. Everything new needs to be built in communist countries for some reason.

You don't have a clue. . . the Mac Pro is new as of 2014. . .


208 posted on 02/24/2015 9:19:57 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: sten
off the top of my head, Aramco has at least $36 TRILLION just in assets

Which includes OIL IN THE GROUND. If you want to count OIL IN THE GROUND owned by a ROYAL FAMILY who owns a country. . . you can also include the assets owned by the Queen of England, who owns the Royal Navy, Royal Air Force, and all of their equipment. . . at least on paper. Those values are meaningless.

209 posted on 02/24/2015 9:23:05 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: sten
if that were the case, Apple wouldn’t be American either (if you count it’s overseas manufacturing employees)

Apple has ZERO overseas manufacturing employees. . . you are showing your ignorance. Those employees you call apple also work for every other consumer electronic maker in the world. . . in fact, here is a list of those companies:

FoxConn's customer list.

As of January 2012, Hon Hai Precision Industry Co., Ltd.'s subsidiary FoxConn Technology Group assembles approximately 40% of the consumer electronics in the world according to numerous sources including Wikipedia and the New York Times. Here is a partial list of 52 of FoxConn's customers I've been able to compile from news articles where their contractural relationships were mentioned over the past five years. It is by no means an exhaustive list as it is only the top 52 customers out of thousands:

The other 60% of the world's electronics in 2012 were essentially manufactured by other CHINESE non-HonHai owned manufacturing companies. . . and HonHai is not owned by the Chinese, but is Taiwanese. HonHai has grown its share to over 50% in the almost three years since 2012. Almost every single other investment you can name will have components made by one of the companies listed above. . . who will have it assembled by HonHai. OOPS, you DO have a problem.

As you see, Apple HAS NO OVERSEAS MANUFACTURING EMPLOYEES. Not one. They have some Apple employees who supervise the contracts to assure the employees of the contract companies are treated well, according to the terms of the contracts Apple imposes on them.

210 posted on 02/24/2015 9:34:24 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: Swordmaker

Very interesting, Swordmaker.


211 posted on 02/24/2015 9:37:39 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: central_va
Israel GDP $291 Billion, aid from USA $3.1 Billion about 1% of GDP. Most of that money has to be spent on US made military hardware.

No, approximately 10% of that GDP is dependent on the USA in trade. . . because of the USA making Israel a most favored nation . . . the only one in the area. Israel develops and produces it's now military hardware and even exports a lot to the USA.

212 posted on 02/24/2015 9:49:53 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: central_va
Read your posts, I am dead on. Don’t try to weasel out.

No, you are not. Support is not just foreign aid. . . but also extending trade agreements. Economic support that would otherwise go elsewhere. You really do not know what you are talking about. Where do you think Israel gets the food to feed themselves with? They import wheat from the USA. Yes, they also export some agriculture products, but the bulk of their food is imported.

213 posted on 02/24/2015 10:02:53 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: central_va
Your the Commie lover defending slave labor camps, not moi.

Please demonstrate to all of us how a company which hires people who line up by the thousands to apply for every opening on the assembly line to make Apple Products for wages that average three to seven times the established factory wages for other assembly work on similar products could conceivably be described as "slave labor" camps?

Perhaps you are referring to the assembly lines where Samsung and LG phones are manufactured?

214 posted on 02/24/2015 10:09:34 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: tacticalogic
Contemplating the irony of that 1984 Superbowl commercial now.

In what way? You Windows sheep still outnumber the Mac users. . . and you are the majority attacking a minority. You are the ones following the crowed of me-toos, walking in lock-step following Microsoft's poor operating system.

215 posted on 02/24/2015 10:13:43 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: tacticalogic
IBM did that to themselves with MicroChannel Architecture, but it's so like you to give Apple credit for it.

And how many Lemmings followed them over the cliff???

216 posted on 02/24/2015 10:15:30 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: Captain Peter Blood
From a purely hard asset point of view, exactly what assets does Apple have? They certainly have a tremendous cash hoard but what else. Do they own any of their own manufacturing facilities or anything else for that matter?

They own quite a bit of Intellectual Property. . . a good number of stores that are not leased, Several HUGE server farms, their headquarter campus, The manufacturing machinery that is leased to the contract assemblers, and someone who knows brands, just valued the BRAND at $120 BiLLION. That hoard of cash is over $180 billion, about now (although it may have been reduced by the dividend that paid last week) and they own quite a few other companies outright.

As to your claim that Apple's stock is "over valued", most analysts are claiming it is way undervalued. You do what you want. . . but you really don't have a clue.

217 posted on 02/24/2015 10:25:13 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: Wyatt's Torch; Star Traveler
And actually I just held Texas flat YOY. If I removed Texas alltogether from the data in both years GDP increases by 1.7% versus the 1.8% for all 50 states.

As an Economist, my problem all charts such as these is the data comes from the government. . . and it is suspect, extremely suspect. They claim that we are in a recovery but i simply do not see it. They discount data in Texas and build up data in the socialist leaning states to make them look better. The data has been not just massaged, it has been MUGGED!

218 posted on 02/24/2015 10:32:43 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: tacticalogic; John Robinson
If everyone you call an "Apple hater" didn't show up, what would happen is called and "echo chamber".

So what? What do you care? Why must you even post? Let the echo resound. . . and go elsewhere shaking your head in wonder.

219 posted on 02/24/2015 10:34:24 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: Star Traveler; dennisw
I’m trying to remember who it was that jumped in on these Apple threads over 7 or 8 years ago, up until a year or so ago, predicting that Apple was going to fail any day now. I guess he got tired of his continual “Impending Apple Failure” ... always failing to happen ... :-) ...

I believe you are recalling DennisW and his prediction when Apple was at $700 that it would very soon be below $100 and his claims he was going to make a fortune because he had shorted the stock and invested in a lot of Apple short positions. . . and invested Apple bonds, when Apple had no debt.

220 posted on 02/24/2015 10:50:03 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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