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Apple Is Now the Most Valuable Company In History

samzenpus posted about 2 years ago | from the show-me-the-money dept.

Businesses 398

derekmead writes "Apple, as of this morning, is valued at $621 billion, thanks to a stock price that spiked at $663.10 per share (and that has risen this afternoon). That finally beats Microsoft, who previously held the record for most valuable company in 1999 at $619 billion. Incredibly, Apple has almost doubled its valuation in the last year, when it topped Exxon-Mobil for most valuable American company with a valuation of $346 billion. It's not the cleanest comparison, but to give you an idea of how much $621 billion actually is, only 23 countries had a GDP higher than that in 2011. So, basically, Apple alone is worth more than what 200+ countries in the world could produce in an entire year."

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398 comments

If this article... (1, Insightful)

daveschroeder (516195) | about 2 years ago | (#41059587)

...as an unabashedly pro-Apple piece, isn't an argument for a "-1, Flamebait" moderation option on main page article postings on slashdot, I don't know what is. ;-)

Re:If this article... (4, Informative)

Wovel (964431) | about 2 years ago | (#41059637)

Everything in the piece is a fact. There is no commentary on why this might be good or bad.

Re:If this article... (4, Insightful)

MightyMartian (840721) | about 2 years ago | (#41059697)

Let's compare meaningful value.

If Apple stops pumping iPods, iPhones and iPads tomorrow, what's the worst that will happen?

If Exxon-Mobil stops pumping out oil and refining gas, diesel and jet fuel, what's the worst that will happen?

I'm thinking maybe the metric being invoked here is inadequate to describe the two companies relative importance and thus their ultimate value.

Re:If this article... (5, Funny)

Anonymous Coward | about 2 years ago | (#41059709)

If Apple stops pumping iPods, iPhones and iPads tomorrow, what's the worst that will happen?

Mass riots of Fanboys would commence and might be worse then running out of gas.

Re:If this article... (5, Insightful)

nighthawk243 (2557486) | about 2 years ago | (#41059779)

If Microsoft stops supporting Windows, Office, and other software tomorrow; Business IT structure would probably collapse.

Re:If this article... (0, Troll)

macs4all (973270) | about 2 years ago | (#41059871)

If Microsoft stops supporting Windows, Office, and other software tomorrow; Business IT structure would probably collapse.

Yeah, because most of them are too lazy or stupid to realize there are alternatives.

And THAT, my boys, is EXACTLY the ONLY thing that is keeping MS in business.

So, on behalf of Steve Ballmer, a/k/a Monkey Boy, I'd like to thank the ENTIRE IT INDUSTRY for helping this remain a reality.

Re:If this article... (0)

GameboyRMH (1153867) | about 2 years ago | (#41060455)

If that happened we'd all switch to Linux in a heartbeat, corporate support (AKA MBA-Approved Blameability) is Microsoft's bread and butter on business desktops.

Re:If this article... (3, Insightful)

DickBreath (207180) | about 2 years ago | (#41060261)

Several things.
1. It would NOT collapse. All those computers would not suddenly stop working.
2. Only business IT structure that is build on Microsoft would even need to be concerned.

Okay, I'll take back #1. Okay, maybe you're right. It would collapse. Without Windows updates, just how many weeks could an IT infrastructure go before it would be hopelessly compromised beyond all possibility of repair.

Re:If this article... (1, Insightful)

jeffasselin (566598) | about 2 years ago | (#41059821)

Let's compare meaningful value.

If Apple stops pumping iPods, iPhones and iPads tomorrow, what's the worst that will happen?

People might start talking to each other again instead of having their attention taken by their iDevices all the time (yes, I am guilty of this at times myself).

If Exxon-Mobil stops pumping out oil and refining gas, diesel and jet fuel, what's the worst that will happen?

I'm thinking maybe the metric being invoked here is inadequate to describe the two companies relative importance and thus their ultimate value.

After a brief period of instability, we'd be forced to switch to a more sustainable technological model based on renewable energies, reduce pollution, and save the planet.

I think option #2 is best, I can live in an iMicrocosm, as long as I get clean air and water to breathe and drink.

Re:If this article... (3)

SaroDarksbane (1784314) | about 2 years ago | (#41059969)

If the major oil players stopped production cold, you wouldn't have so much of a "brief period of instability" as say, "mass societal collapse and widespread starvation".

Whether Exxon by itself would be enough to trigger a collapse is a good question, but I'd say the consequences there would still be somewhat worse than a "brief period of instability".

Re:If this article... (2)

Bigby (659157) | about 2 years ago | (#41060363)

You are correct. But in the real world, only Exxon stopping would cause an increase in production at other companies. Exxon would be taking on so many charges that they would be heading quickly toward bankruptcy. Then their assets would get bought up to contribute to even more production by the other companies.

That would cause a short term spike in the price of oil/gas. It would be a HUGE spike that might spur alternative ideas (work from home) and technologies (natural gas, solar, hydrogen). But it would be short lived.

If Apple stopped production, people would switch to Windows OS, Android mobile, and Amazon/Google/Walmart music. There would be outrage, but the replacement by alternatives would be so quick, it would be done before Apple could even think about liquidating assets.

Re:If this article... (5, Funny)

CubicleZombie (2590497) | about 2 years ago | (#41060275)

Let's compare meaningful value.

If Apple stops pumping iPods, iPhones and iPads tomorrow, what's the worst that will happen?

If Exxon-Mobil stops pumping out oil and refining gas, diesel and jet fuel, what's the worst that will happen?

I think option #2 is best, I can live in an iMicrocosm, as long as I get clean air and water to breathe and drink.

If Exxon stopped pumping oil, instead of a truck delivering your iPhone, it would be carried on the back of a Unicorn and floated gently down a rainbow to your doorstep.

Re:If this article... (1)

Xenx (2211586) | about 2 years ago | (#41060409)

I thought that was part of the standard delivery process already.

Re:If this article... (1, Insightful)

Wovel (964431) | about 2 years ago | (#41059863)

So you believe Market-Cap as a metric is unabashedly pro-apple? Got it, I guess.

BTW Exxon-Mobil is responsible for less than 3% of world oil production. OPEC could easily raise quota to make up for that. They are the biggest refiner, so there may be a bit more impact there.

By current market standards, Exxon and Apple are both undervalued.

Re:If this article... (1)

couchslug (175151) | about 2 years ago | (#41060097)

"If Exxon-Mobil stops pumping out oil and refining gas, diesel and jet fuel, what's the worst that will happen?"

They will be replaced and their assets promptly purchased by other companies.

Re:If this article... (0)

Anonymous Coward | about 2 years ago | (#41060173)

If Exxon-Mobil stops pumping out oil and refining gas, diesel and jet fuel, what's the worst that will happen?

BP, Gazprom, Petrobras, etc would laugh and take their profits?

There are other ways to determine value, but market cap is not an invalid method.

Re:If this article... (2)

Sir_Sri (199544) | about 2 years ago | (#41060429)

comparing GDP of a country to net worth of a company is a bizarre comparison anyway.

http://en.wikipedia.org/wiki/List_of_companies_by_revenue is sort of what you're talking about, and it ranks apple at 43rd, with 103 billion in revenue last year, whereas exxon, royal dutch shell and Walmart are all up over 400 billion dollars.

(point of interest, samsung is on that list with 247 billion).

The idea of meaningful value is sort of hard to pin down, because in both cases the answer to your question is: Their competitors would just sell more. It's not like there aren't other companies making tablets or phones or oil or jet fuel or the like. If you shut down one, their competitors will simply gobble up market share and assets.

In that sense the state owned companies that have state monopolies are the most 'meaningful' value, think state electricity company of China. If they shut down there's no other company to fix chinas power problems just waiting in the wings, but then it's not really realistic that the entire company could disappear overnight in a scandal either the way say a bank or apple could.

Market capitalization is just the total value of the company, it's not intended to reflect anything, two companies with equal revenue but one making a profit and the other not can have wildly different market capitalizations. Hitachi, IBM, Apple, Tesco, Freddie Mac, Bank of America Honda, Verizon, Nissan, and Nestle all have roughly the same revenue, total employees is meaningless because it doesn't count sub contractors, but apple is worth more than any 3 of them combined because they make a huge profit, and because they kept holding onto that cash rather than paying a dividend like everyone else would have. Which might have been part of the plan/fun of it all, pay out 100 billion dollars in cash, watch the stock drop by 100 billion dollars but get to claim the title for having been the most valuable company ever.

Re:If this article... (1)

bhcompy (1877290) | about 2 years ago | (#41060131)

Well, as factual as a paper valuation can be. If you want to dig in to it, Exxon's real assets are far more valuable than Apple's, it's just that the value doesn't necessarily translate in to dollars, and rather translate in to utility and necessity.

Re:If this article... (3, Insightful)

Bigby (659157) | about 2 years ago | (#41060277)

It was such a terrible comparison, given that there is a great comparison for companies when comparing GDP; and it isn't their market cap:

I really fail to see how iPhones, iTunes, and iPads are worth even remotely close to that number. Every one of those products are replaceable. Most become obsolete in a year. This could be the biggest bubble in corporate history. At least Microsoft had a monopoly when they reached that level. In fact, that is the only thing that kept them afloat (Windows OS).

And I don't dismiss that Google is in the same boat. A new technology could quickly wipe out 90% of their value in a year.

Re:If this article... (2, Interesting)

Anonymous Coward | about 2 years ago | (#41059719)

What article/summary did you read? It apparently wasn't the same one I read, as everything was simple facts and completely unbiased. I know people here like to hate on Apple, but to hate on something factual is just...sad.

Re:If this article... (-1)

Anonymous Coward | about 2 years ago | (#41059787)

Apple articles with just facts are the worst kind: the Apple haters will STILL hate on this, as many of the rest of the comments will indicate.

Re:If this article... (-1)

Anonymous Coward | about 2 years ago | (#41059883)

It was the same. OP was just making a logical argument with the conclusion "I don't know what is".

Selll your stock. (5, Funny)

Torinaga-Sama (189890) | about 2 years ago | (#41059627)

Issac Newton knew a thing or two about apples. What goes up must come down.

Re:Selll your stock. (0)

Anonymous Coward | about 2 years ago | (#41059725)

William Tell as well.

Re:Selll your stock. (0)

Anonymous Coward | about 2 years ago | (#41059743)

(posting anon because I don't login at work)

Comparing market cap to GDP is like comparing location to speed... wrong units.

Re:Selll your stock. (-1)

Anonymous Coward | about 2 years ago | (#41059875)

(posting anon because I don't login at work)

Why the hell do people write that? Are we supposed to take your comment at a higher value than a regular AC or something?

Posted anon because I'm also at work.

Re:Selll your stock. (0)

lasvegasseo (2708229) | about 2 years ago | (#41059849)

Not always. Many big time companies have been up for years. Apple will stay up for years to come.

Re:Selll your stock. (1)

Torinaga-Sama (189890) | about 2 years ago | (#41060197)

I didn't say they wouldn't be on top, but they aren't going to be a growth stock as they have in the past. Additionally, if you think Apple will be immune from the anti-trust problems that you saw with Microsoft, I think you will be surprised in the coming years. It gets hot under the spotlight and with the way they are pushing the lawsuits around it is quite obvious that they are transitioning their posture to defend their share as opposed to growing it.

Re:Selll your stock. (1)

Mike Buddha (10734) | about 2 years ago | (#41059935)

It's that kind of thinking that doomed the quants to a footnote in the (stupid) economic history of the late 20th century.

Re:Selll your stock. (4, Interesting)

Torinaga-Sama (189890) | about 2 years ago | (#41060491)

My pithy saying was gunning for +1 Funny, not +1 Insightful. I genuinely believe that Apple's influence has either peaked or is peaking. This doesn't mean that they aren't going to be the major player for a the foreseeable future. I find it unlikely that they will be able to maintain their rate of growth and if they start to grow much more vertically they are going to start getting a lot of unwanted government attention.

Additionally, past the iPad there hasn't been a whole lot of innovation coming from them. They haven't showed up in the 7 inch market yet. That is not to see that they won't sell a bajillion iPad mini's when they drop, but that is going to come primarily from within the segment of the market that they already own. The iPod was a great device that had no peer so it got a ton of people on the platform. The iPhone was a great device that had no peer so it got a ton of people onto the platform. The IPad was a great device that had no peer so it got a ton of people onto the platform. The mini isn't even out yet but already there are bunch of peers on the market that work pretty darn well, so I think the opportunity there is missed. We will have to wait and see where Apple will be innovating from here out, but I am betting that there days of first to market are shortening.

Re:Selll your stock. (0)

Anonymous Coward | about 2 years ago | (#41060153)

Can't wait to short this sucker!!!

see all you fuckers at the bottom....

Re:Selll your stock. (1)

colinrichardday (768814) | about 2 years ago | (#41060189)

Really, then why did he get taken on the South Sea Bubble?

Not adjusted for inflation, obviously. (5, Informative)

Anonymous Coward | about 2 years ago | (#41059639)

If you actually read right to the end of the article, it states that adjusted for inflation, Microsoft is still over $850 billion. So while Apple is a gigantic company, it hasn't broken any records.

DISCLAIMER: I'm neither a PaidMicrosoftShill(tm) nor affected by the Apple Reality Distortion Field(tm)

Re:Not adjusted for inflation, obviously. (-1)

Anonymous Coward | about 2 years ago | (#41059701)

except Microsoft's high valuation was at the peak of the internet bubble meanwhile Apple's high valuation is at the nadir of the great recession...also Microsoft wasn't paying dividends then meanwhile Apple just paid they're first dividend.

Re:Not adjusted for inflation, obviously. (3, Funny)

Anonymous Coward | about 2 years ago | (#41059803)

Apple just paid they're first dividend.

Wow. I did not know that Apple just paid they are first dividend! My friend has an iPad and he says that it is hardware is well designed.

Re:Not adjusted for inflation, obviously. (-1, Offtopic)

DickBreath (207180) | about 2 years ago | (#41060319)

Give it up already.

Their are just two many people out they're using there words wrong too get to upset and loose you're cool about it.
Your never going to get people to use proper enough english. This is Slashdot.
And only an idiot would begin or end a sentence with "and".
But you'd have to be a complete fool to begin or end a sentence with the word "but".

Re:Not adjusted for inflation, obviously. (1)

Bigby (659157) | about 2 years ago | (#41060395)

Mobile technology is in anything but a recession. Even if it were 1997, mobile couldn't be doing much better than right now. In fact, it might do worse as people could spend money doing things that don't make so much use of phones.

hell yea motha fuckas (-1)

Anonymous Coward | about 2 years ago | (#41059655)

just landed a new job, can't wait to blow my first paycheck on some new apple gear, suck it, fags.

Re:hell yea motha fuckas (-1)

Anonymous Coward | about 2 years ago | (#41059723)

Wow, you need a full paycheck to buy apple stuff ?

Guess you're a moron, but that's ok.

Re:hell yea motha fuckas (-1)

Anonymous Coward | about 2 years ago | (#41059931)

well excuse me ok i'm not a big ballin 1% like Mitt Romney or something, a $3500 iMac and a $850 iPad and I'm spent...sure I could buy some cheap Asian knock-offs from Korea or something but even at my meager income I do have standards.

Inflation? (5, Informative)

DarthBling (1733038) | about 2 years ago | (#41059673)

I'm going to have to say no.

Based in 2012 dollars, Microsoft's 1999 value of $619 billion would be equivalent to $851 billion today. Apple still has quite a ways to go.

Re:Inflation? (1)

Yvan256 (722131) | about 2 years ago | (#41059895)

See an AC's reply above:

"except Microsoft's high valuation was at the peak of the internet bubble meanwhile Apple's high valuation is at the nadir of the great recession...also Microsoft wasn't paying dividends then meanwhile Apple just paid they're first dividend."

Re:Inflation? (1)

Wovel (964431) | about 2 years ago | (#41059897)

Yeah, I guess that doesn't make as interesting a headline. That fact is buried in most of the stories.

Re:Inflation? (1)

vlm (69642) | about 2 years ago | (#41060051)

Both are tiny little fish compared to an establishment like "Standard Oil" which was well over a trillion, depending on who's imaginary figures you want to use.

Really.... (0, Insightful)

Anonymous Coward | about 2 years ago | (#41059687)

Hey slashdot I have another click-worthy article for you (In caps so you get more views): BREAKING NEWS: APPLE IS WORTH MORE... THAN ITSELF!

Is really apple worth more than the actual product of 200 countries? Or is it just inflated stock of a company that sells overpriced comodities?

Ask occam's razor... I'm supposed to be working.

Not an accurate comparison (0)

Anonymous Coward | about 2 years ago | (#41059689)

This does not account for inflation. In real terms, Microsoft was considerably more valuable in 1999.

Re:Not an accurate comparison (-1)

Anonymous Coward | about 2 years ago | (#41059767)

more valuable in 1999? yeah, that's like saying your shitty mcmansion was more valuable than a park ave penthouse in 2007...being most valuable at the peak of a mega bubble is meaningless.

Apple vs. Microsoft. (-1)

Anonymous Coward | about 2 years ago | (#41059699)

: Microsoft still holds the record for most valuable company on the stock market if inflation is taken into account. In 2012 dollars, Microsoft's all-time-high would have amounted to $851 billion.

Almost there!

And they did it by offering the consumer and developers value, freedom, and superior engineering. Apple is honest - none of the horseshit sleazy tactics that Microsoft used! No sir! Microsoft was like the Borg - assimilate or be destroyed. Apple, nope! None of that crap. They do business honestly and fairly. No one has every gotten burned by Apple!

Yes siree! They made their money the old fashioned way!

Re:Apple vs. Microsoft. (1)

Yvan256 (722131) | about 2 years ago | (#41059911)

Microsoft = Borg
Apple = Ferengi

Clearly almost banrupt after patent infingements (-1)

Anonymous Coward | about 2 years ago | (#41059713)

I'm so happy Apple is protected by patent law, they clearly need it!

East India Company (5, Interesting)

Anonymous Coward | about 2 years ago | (#41059715)

What would be the value of the British east india company in today's dollars?

Re:East India Company (1)

Anonymous Coward | about 2 years ago | (#41059899)

About 10 Vatican's and 20 Washington D.C's and 30 City of London's.

SI standard building units (0)

Anonymous Coward | about 2 years ago | (#41059961)

What's 1 Vatican in Libraries of Congress?

Re:East India Company (1)

Yvan256 (722131) | about 2 years ago | (#41059921)

Better ask a tea leaf.

Re:East India Company (5, Interesting)

iluvcapra (782887) | about 2 years ago | (#41059943)

Comparisons with the British East India Company are tricky, mainly because the BEIC was a government corporation. The BEIC flew its own flag, maintained its own military, engaged in private warfare, and it's credit was backed tacitly by the British crown -- more like Fanny Mae, it Fanny Mae was a trillion-dollar sovereign wealth fund that owned half the real estate on the Asian continent, and had an air force capable of starving a city.

Even Shell or Exxon aren't really comparable enterprises.

Re:East India Company (5, Interesting)

Spy Handler (822350) | about 2 years ago | (#41060217)

Donno but the South Sea Company in 1720 made a second round of stock offering and sold 1 million shares at 400 pounds each. That's 400 million pounds.

Adjusted for inflation that's about 720 billion pounds, or in US money:

1.2 trillion dollars

And that's not even the whole company

British East India? (2, Insightful)

Anonymous Coward | about 2 years ago | (#41059717)

I can't believe Apple is more valuable than the British East India company, or any number of other ventures. You need to measure it in terms of global GDP at the time, or gold, or silver. All of these measures have their flaws (e.g., discovery of vast ammounts of gold in the New World distorted its value for a while). If you're just talking nominal US dollar value then fine; but that's not all of history. It's not such a simple thing to measure.

Most valuable private company ever at $910/share (1, Insightful)

evilcoop (65814) | about 2 years ago | (#41059729)

Microsoft in 1999 was worth $850B in today's dollars. Apple has a ways to go to have the highest market cap ever.

Re:Most valuable private company ever at $910/shar (0)

Anonymous Coward | about 2 years ago | (#41060065)

Give it a month.

Correction: Public company. Aramco (state-owned) is likely more valuable than Apple.

Given that Apple has more $$$ than most countries (0, Troll)

sconeu (64226) | about 2 years ago | (#41059731)

Why is Congress paying more attention to the MAFIAA?

Re:Given that Apple has more $$$ than most countri (1)

Shagg (99693) | about 2 years ago | (#41060035)

Who says they are?

hmm (0)

buddyglass (925859) | about 2 years ago | (#41059735)

From wikipedia [wikipedia.org] :

Adjusting for inflation to 2012, Microsoft's market capitalization would be $846 billion.

Re:hmm (0)

Anonymous Coward | about 2 years ago | (#41059771)

consider this parade rained upon

change of computing paradigm (0)

Anonymous Coward | about 2 years ago | (#41059739)

For decades home computers were targeted towards nerds: arcane commands to memorize, obscure trivia to learn, obtuse error messages, things not working right. Apple turned that entire thing on its head. They started making computers easy to use, things that "just work", without requiring arcane knowledge to use and do what you want. They built products PEOPLE wanted, not products engineers wanted, and people flocked to buy those products en mass. Say what you will about them but more than any other company Apple made personal computing personal.

Re:change of computing paradigm (1)

Yvan256 (722131) | about 2 years ago | (#41059947)

And thanks to them, it pushed everyone forward, which is why my mother now has an easier time with Ubuntu on her laptop than with Windows.

Re:change of computing paradigm (2)

DickBreath (207180) | about 2 years ago | (#41060485)

Yes, and I have to credit Apple for that.

This was back when Apple was all about technology and innovation.

Now it is all about perception and style. And trying to become a new monopolist. Apple's mobile OS doesn't even have real garbage collection.

I also think Apple's "most valuable company" status is just a matter of perception. If the stockholders were to get spooked and start selling, that value would vanish in the wind just like it can or has with so many other companies.

I was once a longtime card carrying Apple fanboy. What I never realized in my youth was that it never was about "the rest of us". The common man couldn't afford much of the cool Apple gear I got to play with as a developer. That's just like today. It's perception and style. Some people do have iPhones and iPads. Some people drive expensive cars. A lot of people drive Hondas and Toyotas and get Android phones with dual core 1 GB ram for $1 with a $100 gift card back on 2 year contract.

A few notes (0, Insightful)

Anonymous Coward | about 2 years ago | (#41059749)

First of all, the value isn't adjusted for inflation. In real terms, Microsoft is still king.
 
Secondly, the capitalization of a company is a stock quantity, not a flow quantity like GDP. Capitalization is simply the market's perception of the company's value at any given instant. GDP is the actual value of all production in a country in a year.

In other words, the GDP comparison is completely ridiculous and out of place. A more appropriate comparison would be Apple's net income vs. a country's GDP, or Apple's capitalization vs. the equity of a country (of whichever definition).

Not for long (5, Interesting)

oldhack (1037484) | about 2 years ago | (#41059761)

Apple is replaying their history during 90s.

It's eerie, really. Soon after Macs began its success, MS sold their graphical OS through just about all hardware makers, Apple sued and lost, and Jobs's got ousted, and Apple shriveled up. Just replace "ousted" with "died" and MS/Windows with Google/Android.

Re:Not for long (1)

davewoods (2450314) | about 2 years ago | (#41059857)

Sounds good, except that they are getting more money, not less money. Apple does not appear to be shriveling up at all, but instead, growing. Maybe I misunderstood your phrasing, but I (and TFA) disagree with the end of your sentence.

Re:Not for long (1)

Anonymous Coward | about 2 years ago | (#41060159)

TFA doesn't disagree with a future prediction. It may not provide any basis for that prediction, but it also doesn't disagree with a possible down trend in an unknown future time period.

That's the whole point of fortune telling and predicting the future. There is no way to know if its gonna happen until it happens.

Not the Cleanest Comparison? (0)

Anonymous Coward | about 2 years ago | (#41059773)

It's not the cleanest comparison, but to give you an idea of how much $621 billion actually is, only 23 countries had a GDP higher than that in 2011. So, basically, Apple alone is worth more than what 200+ countries in the world could produce in an entire year.

First of all, I went to your referenced world fact book site and found 24 countries above that threshold, not 23. Second of all, why on Earth would you compare income overtime to estimated market valuation? It feels as logically unsound as comparing miles to miles per hour. Why pick GDP? You could say things like it's a little under the adjusted U.S. cost of the Vietnam War or at least clarify the last sentence.

Re:Not the Cleanest Comparison? (1)

PhamNguyen (2695929) | about 2 years ago | (#41059851)

Be fair, the author said "It's not the cleanest comparison" for precisely the reasons you stated. And the sentence is 100% correct, what clarification is needed? GDP is a measure of production, market cap is a measure of total worth. The reason people use GDP is there is no equivalent of market cap for nations that is actually measured in practice. So comparing GDP is the only way to get a rough sense of how much Apple is worth.

Re:Not the Cleanest Comparison? (0)

Anonymous Coward | about 2 years ago | (#41059959)

And the sentence is 100% correct, what clarification is needed? GDP is a measure of production, market cap is a measure of total worth.

There's no confusion about this?

So, basically, Apple alone is worth more than what 200+ countries in the world could produce in an entire year.

To me it sounds like the summary is saying that Apple is wroth more than all 200+ countries can produce in an entire year? GDP is not everything produced and it's a comparison for each country, not a summation like it reads.

The secret to Apple's success (5, Funny)

DRichardHipp (995880) | about 2 years ago | (#41059775)

Re:The secret to Apple's success (1)

haruchai (17472) | about 2 years ago | (#41059855)

Thanks. Made my day with that one.

But I now have a bit of hate for SQLite, which is otherwise a great product.

Re:The secret to Apple's success (1, Insightful)

Yvan256 (722131) | about 2 years ago | (#41059967)

And here I am without mod points...

*publicly traded* company (1)

kwerle (39371) | about 2 years ago | (#41059783)

It's hard to measure the value of private companies, but we should not ignore the fact that they do exists.

Not even close (2, Insightful)

gattis (2711819) | about 2 years ago | (#41059789)

Ever heard of the British East India Company?

It's not enough... (-1)

Anonymous Coward | about 2 years ago | (#41059791)

It's not enough to make terrific products and be handsomely rewarded. Sue sue sue!

Accessory inflation? (1)

davewoods (2450314) | about 2 years ago | (#41059801)

This does not account for all the new iPhone 5 chargers and accessories that will be selling in the near future.

Especially AFRICAN countries... (-1)

Anonymous Coward | about 2 years ago | (#41059829)

"Apple alone is worth more than what 200+ countries in the world could produce in an entire year."

What's the betting that EVERY country in the third world hellhole that is AFRICA is in that 200+? Hilarious.

When do you think AFRICANS will be producing iPads and iPods? How about NEVER. How about some time after MONKEYS produce them?

Re:Especially AFRICAN countries... (1)

hawguy (1600213) | about 2 years ago | (#41060401)

"Apple alone is worth more than what 200+ countries in the world could produce in an entire year."

What's the betting that EVERY country in the third world hellhole that is AFRICA is in that 200+? Hilarious.

When do you think AFRICANS will be producing iPads and iPods? How about NEVER. How about some time after MONKEYS produce them?

I think the Africans will be next in line as cheap labor after the standard of living and incomes in China and India improve to their point where they are no longer cheap yet they will all want access to cheap imported goods. iPads aren't made in China because rural farmers are naturally good at assembling electronics, but because the $10/day they get paid for the work is much more than they'd earn on the farm and the work is much easier despite the long hours.

It will take years, perhaps decades, to get to the point where Africa becomes a major manufacturing hub, but I really believe that day will come.

This is just too funny (5, Insightful)

Dunbal (464142) | about 2 years ago | (#41059831)

Facebook, a nothing income company that hasn't even found a working business model: IPO for 100 billion. Apple, a maker of expensive shiny trinkets, the largest market cap on the street. Benjamin Graham would have a lot to say about times like these. I sure hope most of your money is in bonds right now because this next one is going to hurt even more than the last one. But go on chumps, keep buying into the bubble. It's going to go up forever and we'll all be rich!

Re:This is just too funny (0)

Anonymous Coward | about 2 years ago | (#41060105)

Since when does 200+ million net income over a quarter get classified as a "nothing company" without a working business model?

Re:This is just too funny (2)

vlm (69642) | about 2 years ago | (#41060155)

Benjamin Graham would have a lot to say about times like these.

I don't think he would be pleased with FB which is virtually worthless, but APPL isn't all that bad at a PE ratio of 15. In the worst depths of the recession it hit 11 and at the peak of the credit bubble it was around 44. The real story is recently, like 2 years ago, the PE ratio was running around 20. Insane as it sounds, APPL revenue is growing much faster than their share price.

Given a choice of govt bonds or savings account at roughly 0% or APPL at a PE around 15, eh, I'd chose APPL.

Re:This is just too funny (0)

Anonymous Coward | about 2 years ago | (#41060163)

I invested because I thought they were a food company! I guess when your basic necessities are covered, everything else is a shiny trinket.

Apple investors should be fine until Apple makes a huge mistake, suffers some catastrophe, or is undermined by others in the industry. A lot of investors will get out with a profit before that happens, because the risk of all that looks low right now.

200+ countries? (0, Troll)

Svippy (876087) | about 2 years ago | (#41059837)

There are not even 200 countries in the world. The teams that FIFA and the IOC allows to compete are not necessarily actual countries.

Worth? (3, Informative)

Chemisor (97276) | about 2 years ago | (#41059867)

Let's not confuse what a company is worth with what a company costs.

posting to undo moderation (1)

vyvepe (809573) | about 2 years ago | (#41059923)

posting to undo moderation

Curious (-1)

Anonymous Coward | about 2 years ago | (#41059939)

200 Countries? I guess OP got his statistics from the same guy Obama got his "57 states" number from.

I would make a joke... (1)

Abalamahalamatandra (639919) | about 2 years ago | (#41059945)

wondering how long it will be before Apple has its own armed forces, but [publicintelligence.net] ...

Makes me happy (1)

OrangeTide (124937) | about 2 years ago | (#41060007)

I don't work for Apple or even particularly like Apple products (I had a phase, so I still own a couple older models). But I do enjoy the benefits of money flowing into Cupertino and other South Bay communities. Job market in Silicon Valley is good, not just tech jobs but even construction is picking up a bit. The state and local governments are still pretty financially messed up.

But I do think one way to economic recovery is to make truck loads of money, then spend it. (sorry if that sounds like trickle-down economics)

Re:Makes me happy (1)

jpmorgan (517966) | about 2 years ago | (#41060327)

But I do think one way to economic recovery is to make truck loads of money, then spend it.

That's the only way to economic recovery.

Pain (1)

flex941 (521675) | about 2 years ago | (#41060037)

The more it grows the more painful will it be when it rapidly shrinks or even suddenly collapses. And it will. Eventually.

This is The Prophecy.

I don't think Apple is worth this much... (1)

cooperaaaron (897474) | about 2 years ago | (#41060073)

That's it.

my subject (0)

Anonymous Coward | about 2 years ago | (#41060291)

Eventually it will sue itself and this new bubble will just explode.

BIAS (-1, Troll)

CosaNostra Pizza Inc (1299163) | about 2 years ago | (#41060343)

After seeing a number of approved pro-Apple stories lately and a complete omission of any negative stories pertaining to Apple, despite THIS: http://arstechnica.com/apple/2012/08/flaw-allowing-sms-spoofing-still-present-in-latest-ios-6-beta/ [arstechnica.com] I'm probably saying goodbye to this site. It's not merely because I'm an Android user who is seeing a recent trend in Apple bias here among the slashdot staff. I'm becoming disenchanted with slashdot because many of the story submissions are not really newsworthy. The lack of newsworthiness started after Cowboy Neal left but lately its gotten much worse. I could care less that this post will get downmodded or that it will elicit some "Don't let the door hit your ass on the way out" comments. Such comments will be ineffectual.

One word: Inflation (0)

GoJays (1793832) | about 2 years ago | (#41060381)

What is $619 billion in 1999 to $621 billion today? Microsoft was still more dominate than Apple.

Furthermore, Apple has ridiculous profit margins, where Microsoft was giving away software in order to get market share at times.

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