Apple on the DOW! Ping!
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Posted on 03/06/2015 6:59:17 AM PST by SeekAndFind
Apple Inc. will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc., in the first reshuffling since September 2013.
Apple holds a market capitalization of about US$736 billion, making it the largest publicly traded company in the world. AT&T, by contrast, has a market value of US$176.5 billion.
Shares of Apple were higher in early trading, gaining 1.3% to US$128.02, while AT&T’s shares fell 1.3% to US$33.55.
The changes will push the number of technology-related companies in the 30-member gauge to six and boost their influence even more as the tech giant joins Microsoft Corp., Intel Corp., International Business Machines Corp., Cisco Systems Inc. and Visa Inc.
AT&T is being kicked out after falling 4.5% in 2014. The changes will take effect with the start of trading on March 19.
(Excerpt) Read more at business.financialpost.com ...
How many in your circle of family and friends are employed in solid full-time jobs? Wall St. needs Apple to boost the Dow averages when this over-inflated, Fed fed, stock bubble bursts, which it certainly will. As always, Wall St. will laud this shuffling of the deck chairs on our sinking economy. Their jobs depend on getting others to pay their bills.
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"As of Thursday’s close, Apple would be the sixth-biggest constituent of the index with a price of $126.41. That would give the gadget maker a roughly 4% weighting in the Dow. Visa is currently the largest company with a 9% weighting. However, that will change when Visa begins trading on a split-adjusted basis Thursday, March 19.That’s the day Apple will join the Dow, according to the just-released announcement from S&P Dow Jones Indices.
ATT has infrastructure that spans the country.
Apple has a iPhone and iPad.
ATT will be around longer.
What if Apple offered to BUY ATT?
I guess they could with the money they have and have plenty left over.
Ummm ... you’re saying that for the most successful company in the history of business?! ... LOL ...
You're wrong. Apple has far more than that, which is why they changed their name from Apple Computer Inc. to simply Apple Inc. some years ago. They have deep roots and tentacles in numerous areas, notably networks, routers and server technology, which is infrastructure that encroaches on ATT territory. Add in all their patents and R&D and you'll see that Apple is not just a flash in the pan. Other large companies have gone this route, beginning with a single product and then diversifying to offer multiple products spanning unrelated areas. Apple is huge, and will grow larger for the foreseeable future. Like Apple, ATT has been pronounced as near death but has bounced back, so ATT may also make a comeback once again.
Yeah, I think Comcast will keep that name for its mobile division after the buyout.
Apple Posted The Biggest Quarterly Profit In History
http://www.forbes.com/sites/parmyolson/2015/01/28/apple-posted-the-biggest-quarterly-profit-in-history/
Apple AAPL +0.17% broke several records Tuesday with its fiscal first-quarter earnings report. The most remarkable of them all: posting the biggest quarterly profit in history.
Its $18 billion in net income easily beat the $16.2 billion that Russian oil and gas giant Gazprom posted in the first quarter of 2011, and the $16.18 billion that Royal Dutch Shell earned in the second quarter of 2008. (The full list of record corporate results is here.)
These are stunning numbers, and the result is that even after investors had baked their expectations for a blowout quarter into Apple’s shares, the stock looked set to pop before the market open on Wednesday.
Apple was 9% higher at $119.02 in pre-market trading, putting it within scraping distance of its all time high of $119.27.
Apple’s CEO Tim Cook relayed a sense of his own astonishment in prepared remarks he made during a conference call with analysts on Tuesday. “Demand for the iPhone has been staggering,” he said. “The volume is hard to comprehend.”
Analysts say Apple has beaten Samsung to become world’s largest smartphone vendor
http://www.theverge.com/2015/1/29/7937177/apple-beats-samsung-smartphone-share
After recording the biggest quarterly profit by any company ever, Apple might have earned itself another accolade: world’s largest smartphone vendor. It’s clear that the iPhone maker had a bumper quarter, reporting record sales of 74.5 million smartphones. However, Samsung is only saying that it sold 95 million total handsets, of which, it says, somewhere between 71 million
Dear Skeptics, Here’s How Apple Will Continue To Demolish Ex
http://www.businessinsider.com/how-apple-will-continue-to-demolish-expectations-2015-1
Apple delivered the greatest earnings report in history on Tuesday.
That’s not hyperbole. Apple earned $18 billion in net income over the three-month period of October to December 2014. That’s more than any other company has ever earned over a three-month span.
Apple earned those mind-melting profits thanks mostly to the iPhone, which is an incredible business.
Apple sold 74.5 million iPhones, up 46% from the year prior. The iPhone generated $51 billion in revenue, giving each iPhone an average selling price of $687.
Apple May Be World’s First Trillion Dollar Company
http://www.forbes.com/sites/connieguglielmo/2012/04/03/apple-may-be-worlds-first-trillion-dollar-company/
Let the countdown begin: Analysts are now saying saying that Apple shares could reach $1,000 within the next two years — up from about $630 today — as it continues to win over mobile buyers with the iPhone and iPad.
Yesterday, Brian White at Topeka Capital Markets, arguing that Apple’s shares are undervalued relative to the company’s earnings potential, put a $1,001 12-month price target on Apple’s shares on continued demand for its mobile devices, expansion into China and the possible release of an interactive television. Katy Huberty, of Morgan Stanley, told me yesterday the $1,000 price target is “realistic,” with her enthusiasm based in large part on Apple’s opportunity to expand in China where sales went from almost nothing to $12 billion in two years.
Today, Gene Munster, of Piper Jaffray, said the discussion about a $1,000 share price (or more) is “nothing new to the Apple story” and said Apple is on track to become the first public company to have a trillion dollar market capitalization. That would top the current record for a publicly traded company — the $619 billion in value reached at one point by Microsoft.
Sound farfetched? Munster looks at the math and says that Apple’s market cap as of yesterday was about $573 billion, and that the company added $400 billion of that value from the beginning of 2008 — or in about four years. Half of those gains came from investor enthusiasm in tech in general, with the other half coming from dollars that were shifted from competitors into Apple. He says that since the beginning of 2008, six of Apple’s largest competitors — RIMM, Nokia, Dell, H-P, Microsoft and Sony — have lost $400 billion in market cap and he assumes half of that went to Apple.
He also predicts that trend will continue, helping to drive Apple’s value toward that 1 trillion dollar mark. This is what Munster has to say about excessive investor exuberance, Apple’s “low” valuation and the law of large numbers:
APPLE IS CLOSER THAN EVER TO BECOMING A TRILLION-DOLLAR COMPANY
http://www.wired.com/2015/02/todays-top-tech-2-11-15/
After blasting through the fabled $700 billion ceiling yesterday to become the most valuable publicly traded company ever, Apple shares are shooting even higher today. Before the launch of the iPhone 6 and 6 Plus, many pundits—including we at WIRED—questioned whether Apple had run up against a wall of market saturation. Its record-setting earnings this past quarter erased that idea, and investors are now wondering how high Apple can go. As tech analyst Ben Thompson points out today, Apple is now moving into every aspect of our lives—health, home, car, and wrist among them. At this rate, a $1 trillion valuation almost seems reasonable.
How ‘Hotel Apple’ can make Apple a $1 trillion company
http://www.businessinsider.com/ubs-hotel-apple-trillion-dollar-company-2015-2
Apple’s last earnings report was historically good.
It had $74.6 billion in revenue, higher than what Amazon, Google, and Microsoft had generated in revenue combined. Now, Apple is worth $736 billion.
Yet, some analysts believe Apple could grow even further and become a $1 trillion company.
According to UBS, Apple could get to $1 trillion by creating a “mega-ecosystem” with its iOS platform.
CEO Tim Cook has pointed out that consumers may be happy to get all their services from one company. UBS quotes him Cook saying, “None of us wants to have different platforms in different parts of our lives. We want one, seamless kind of life. And so I think that is huge for our future. It’s not every day you can plant that many foundational technologies.”
What does Cook mean by “foundational technologies?”
UBS points out four services — Apple Pay, Car Play, HomeKit, and HealthKit — that will play an important role in expanding the iOS platform. Apple Pay is for mobile commerce, and Car Play connects the iPhone to cars. HomeKit helps you control everything at home with your iPhone while HealthKit is a software for tracking your own health.
You’re having lots of fun posting your links and praising Apple, and talking them up.
But, none of your links can dispute the fact that, Microsoft was the biggest corporation ever, much bigger than Apple is now.
Heck Microsoft is still a lot more relevant than Apple when it comes to penetration into the consumer and business marketplaces. Apple has a lot of sale of one thing: iPhones, but, Microsoft is much more relevant in a lot more areas.
Apple will get downsized very quickly once the iPhone loses its appeal, and Apple doesn’t really have another product with which to prevent the slide.
Microsoft haa at least 16 products and services that each earn at least 1 billlion dollars per quarter. Those are guarantees that, MS will survive any downturn in the economy, and in any one product area. Essentially, MS has developed a bullet-proof series of products and services, while Apple has to worry about iPhones losing their appeal. In any business, it’s much better to diversify and have many areas of growth; Apple is not that kind of company.
Nobody denies that Apple has fantastic earnings and a very big market cap. A market cap is not going to prevent iPhones from losing their appeal. Apple could use the investors’ money to purchase a lot of smaller companies to prevent dependency upon one product. But,it would signify panic, and the investors would quickly try to pull their money out. Thus, a huge market cap is not a security blanket.
Still, the fact I presented can’t be disputed, and that is that, Microsoft was a much bigger company than any other. Apple is stil very far off the peak of Microsoft.
Apple will, again, be just another tech company, with low earnings and a low market cap, and not even close to what it is today; not with one basic product driving their earnings. Apple’s ecosystem consists of the iPhone supported by iOS, and the ‘apps’ system. Once the iPhone loses its luster, the whole ecosystem will collapse. Apple is trying to prevent the inevitable by partnering with IBM, but, that’s just intended to get iPads to become relevant again. Apple’s efforts in the enterprise arena, are phony, and most businesses will recognize that fact and will stay away from the Apple/IBM phony venture.
Profits now, does not guarantee that, the profits will continue forever. Palm and RIM were never as big as Apple is now, but, they were the ‘unbeatable’ biggies of their time in the mobile arena, and, where are they now? Apple will meee the same fate. The Apple bubble is unsustainable.
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