Alphabet/Google Tops Apple As World's Most Valuable Company
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Posted on 05/12/2016 2:22:39 PM PDT by Swordmaker
“Apple stock tumbled to its lowest level in nearly two years on Thursday, following a report that Asian component suppliers are seeing weak orders related to the upcoming iPhone 7,” Patrick Seitz reports for Investor’s Business Daily.
“Japanese business publication Nikkei Asian Review reported Thursday that Taiwan-based tech suppliers expect to get significantly fewer orders from Apple in the second half of this year compared with the year-earlier period,” Seitz reports. “They cited the ‘ongoing slump in demand for premium smartphones and a lack of groundbreaking features for the upcoming iPhone 7.'”
“Apple shares were down more than 2.5%, near 90, in midday trading on the stock market today,” Seitz reports. “Apple stock has risen in only 4 of the last 20 trading sessions. Since hitting its 2016 high of 112.39 on April 14, Apple stock has fallen about 20%.”
Read more in the full article here.
MacDailyNews Take: A baseless report from Nikkei is all it takes. With their history of baseless reports, no less. No wonder the average Joe doesn’t trust the stock market as far as he could throw it.
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“Alphabet overtakes Apple as the world’s most valuable company as AAPL value falls due to completely baseless reports...”
Is their ever a negative story about Apple that you don’t immediately attribute to baseless this or FUD that?
If their value increased based on a “bogus” report against some other company, I can only assume you would take great pains to not care.
Baseless? Somehow, I think it would be best to place my bets on the market, not you.
Alphabet (GOOGLE) surpassing Apple is not really that much of a surprise. I’m shocked it took as long as it did.
Time to consider who’s getting your information when you use your device.
China?
Uhm, I’m going to disagree with that. The “owners” may be liberal hooligans, but I wouldn’t say the company is in bed with 0bama.
Apple quickly retakes ‘Most Valuable Company’ crown
Thursday, May 12, 2016 · 4:56 pmWell, that didn’t take very long at all, did it?
Hours after Google parent Alphabet’s market cap briefly topped Apple to become the world’s most valuable public company, Apple retook the crown before market close.
With Alphabet closing down $1.98 (-0.28%) at $713.31 and Apple down $2.17 (-2.35%) to $90.34, Apple’s market capitalization hit $494.83 billion versus $489.73 billion for the search giant as of market close.
The last time Google had a larger market cap than Apple was on February 2, 2016.
MacDailyNews Take: Neck and neck, in market cap, at least. Not much else (see below).
Before the market close, Apple retook it, just as it did last year, as people realized there was no there, there, in the reports. It was all based on anal-cyst FUD, and wimpy people panicked, as usual.
Blaming this on too many foam parties at Apple HQ....did they move into the Mothership yet?
They are in bed with the tranny lobby. Tim Kook last seen trying to bully North Carolina on tranny bathrooms
The stocks are down quite a bit this week.
Apple 86.85
Netflix 87.74
Both were around $130 about 9 months ago.
Google has been passing confidential data to a group close to the Democratic Party since 2005. This data was used as part of the basis for the ground game for Obama in 2008. The last info O knew for sure in 2011 had Google direct feeding individual data to the firm.
Google is evil. Hillary Clinton is a saint in comparison.
You do realize, that AAPL has enough cash on hand to pay all its employees and its bills and every other expense for more than a decade even if it didn’t sell a single new product again, ever??
Stories about stock prices going up and down may affect folks who buy and sell apple stock, but in terms of the companies viability, its not related to its stock price because it hasn’t used it stock value as collateral on loans.
AAPL one day will fall, but that day isn’t on the immediate horizon.
The weaker orders are related to the wireless providers not subsidizing the purchase of new products every two years.
$600 for an iPhone is quite a shock and most say “my phone works just fine” and stick with their current plan. I am waiting (sort of) for the iPhione 7 because it’s supposed to be water tight.my 5S is three years old and works just fine until the 7 comes out, and maybe until the iPhone 8. The early adopters are facing sticker shock.
One can get those payment-plan deals - yet those actually require one to have a credit score (and not a totally rock-bottom one) - so not everyone qualifies for those. So yes, the diminishing subsidies from major providers has slowed smartphone sales, particularly for Apple iPhones.
The only Google device I have is a second gen Nest thermostat. It wasn’t Google when I bought it, and it will be the only and last Google device I own.
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