Posted on 02/23/2015 11:55:40 PM PST by Swordmaker
Just how ginormous is Apple Inc. now?
As the iPhone-makers 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 Exxons market cap has eased to $374 billion.
(Excerpt) Read more at blogs.wsj.com ...
LMFAO. Wow you are an idiot.
See next post the cost is $2T annually. I don't have it by state.
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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!
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.
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 |
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?
You don't have a clue. . . the Mac Pro is new as of 2014. . .
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.
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:
- Acer Inc. (Taiwan)
- Alcatel (France)
- Amazon (United States)
- Apple Inc. (United States)
- Archos (France)
- ASRock (Taiwan)
- Asus (Taiwan)
- Barnes & Noble (United States)
- BenQ (South Korea)
- Blackberry (Canada)
- Cisco (United States)
- Dell Inc.(United States)
- EVGA Corporation (United States)
- Fujitsu (Japan)
- GE Thomson
- Google (United States)
- Griffin Technologies (United States)
- Gründig Mobile (Germany)
- Hewlett-Packard (United States)
- HTC (Taiwan)
- Huawei (China)
- Intel (United States)
- IBM (United States)
- Kyocera Communications (Japan)
- Lenovo (China)
- Lenovo/Motorola Mobility (China)
- LG Lucky GoldStar (South Korea)
- Microsoft (United States)
- Microsoft MSI (Taiwan)
- Motorola Communications (United States)
- NCR (United States)
- NEC Casio Communication (Japan)
- Netgear (United States)
- Nintendo (Japan)
- Nokia Oyj (Finland)
- PackardBell (Netherlands)
- Panasonic (Japan)
- Philips (Netherlands)
- Pioneer Electronics (Japan)
- Samsung (South Korea)
- Sanyo (Japan)
- Sharp (Japan)
- Siemens (Germany)
- Sony (Japan)
- TCL Communication Technology (China)
- Telefunken (Germany)
- Thomson (France)
- Toshiba (Japan)
- Vizio (United States)
- Xiaomi (China)
- Zoostorm (New Zealand)
- ZTE (China)
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.
Very interesting, Swordmaker.
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.
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.
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?
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.
And how many Lemmings followed them over the cliff???
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.
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!
So what? What do you care? Why must you even post? Let the echo resound. . . and go elsewhere shaking your head in wonder.
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.
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