Apple passed Exxon today to become the most valuable company on earth.  The excitemnt only lasted a few hours until the market rally at the end of the day put Exxon back on top, however.  But, that didn’t stop people wondering: What’s next for Apple?

Enter Robert Cyran, Columnist for Reuters, who doesn’t understand why Apple isn’t headed straight towards being the first $1Trillion company.

Apple’s sales have been surging 80 percent a year, and its profit faster. What’s more, it trades roughly in line with the growing stock market — and at less than half the price-to-earnings multiple it fetched in 2006, when revenue growth was much slower. Apple now trades at about 11 times estimated earnings for the fiscal year ending September 2012. The Standard & Poor’s 500-stock index is valued at about 10 times next year’s profit. But Apple’s sales growth is nearly 10 times faster than that of the average company. Apple also holds $76 billion of cash and investments.

So, what’s the deal? Apple, if put on the same P/E multiple it traded on in 2006, would be worth $900 billion.

And who has brighter prospects than Apple right now?
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Frankly, it feels like lawsuits are taking too much of our time and mind space lately – and they aren’t fun to think about.  So here’s a roundup of the more exciting lawsuits news of the last hour:

MacRumors:

A class-action lawsuit has been filed against Apple and 5 of the 6 major book publishers, alleging they “colluded to increase prices for popular e-book titles to boost profits and force e-book rival Amazon to abandon its pro-consumer discount pricing.”

On Lodsys (important if you are a App developer with an auto-updating app):

Apple insists to intervene in Lodsys lawsuit against app developers. Apple still requests a court hearing on its motion. Things may still take some more time, but there will be no more written pleadings unless the court asks the parties to address particular questions in more detail. At this stage it’s possible that the court decides very quickly, and I continue to be reasonably optimistic that Apple’s motion will be granted.

At some point, we should start referring to Lodsys by the name of its parent company, Intelectual Ventures. 

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Facebook isn’t fantastic at hiding secret stuff in their Apps.  Just last month, its iPad ambitions were outed by some folks rummaging around in the App.  Today, Facebook released their Messenger app and seconds later, we see that there is a video component to the application:

The video component would seem to work on both Android (yep) and iPhone and would likely tie in with their recently announced Skype desktop video conferencing service as well.  The code looks very rudimentary at this point so it isn’t certain that the video can be enabled like the iPad version was with just a few tweeks.  Thanks Caleb!

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Facebook has released Facebook Messenger which is an extension of Facebook’s Messages service and will allow you to send a text message to your phone’s contacts and a Facebook message to your Facebook contacts.  Bonus: You get to send pictures as well.

The app obviously competes with Apple’s iMessage, Blackberry messenger and all of the other silo-ed messaging apps out there but with a user base of 700 million+, it is well positioned to be a contender.

Messenger is available in both the iTunes App Store and Android Market and is based off the Beluga technology which the company recently acquired.  With all the Google+ noise of late we’ve forgotten about Facebook’s assault on mobile.  They’re back.

Update: Oh, and there is video conferencing hidden in the app.

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We’re getting images in from around the UK of Apple Stores having removed their inventory after closing of business. The concern is the ongoing riots that have plagued London and now the greater UK for the past 3 days.

Above: Due To The Riots In England, The Apple Store In Liverpool One have moved all stock up stairs from the show floor.

Even resellers are getting into the action. Canterbury, Kent, below:

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More on the way, unfortunately.
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Apple just passed Exxon in Market Cap to become the world’s most valuable company. Quite a turnaround for a company that was on its last legs just over a decade ago.  AAPL passed the 400 mark last month on the back of monster earnings news but fell sharply as the US market plummeted over the last week.  Luckily for Apple, it didn’t fall nearly as sharply as Exxon, in the face of lowered oil costs.

The markets are still open and volatile today but at this moment, 1:19PM EDT, Apple’s market cap is at $341.53B while Exxon Mobile’s is at $341.51B.

Congratulations Apple!

Update 2:00EDT: Apple is now on top by over $1B (image below)

Update2 4PM ET. AAPL closed at $346.74B, Exxon rallied at the end of the day to $348.32B

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Update: Samsung has issued the following statement (via TNW) addressing the court’s decision to grant Apple the preliminary injunction:

Samsung is disappointed with the court’s decision and we intend to act immediately to defend our intellectual property rights through the ongoing legal proceedings in Germany and will continue to actively defend these rights throughout the world.

The request for injunction was filed with no notice to Samsung, and the order was issued without any hearing or presentation of evidence from Samsung.

We will take all necessary measures to ensure Samsung’s innovative mobile communications devices are available to customers in Europe and around the world.

This decision by the court in Germany in no way influences other legal proceedings filed with the courts in Europe and elsewhere.

Reports are coming in that Apple has been granted a preliminary injunction for the entire European Union (excluding Netherlands) that will halt distribution of Samsung’s Galaxy Tab 10.1. This comes on the heels of a postponed launch of the device in Australia due to a lawsuit with Apple.

The decision by the Regional Court of Dusseldorf in Germany to block sales of the device comes after a judge sided with Apple on claims that Galaxy Tab copied key design components related to the iPad 2. While Samsung can appeal the court’s decision sometime in the next month, the Telegraph’s Shane Richmond is quick to point out it would be heard by the same judge. Apple is also said to have a separate lawsuit filed in the Netherlands as well.

Samsung had this to say in a recent statement about their legal disputes with Apple:

“Samsung believes that there is no legal basis for this assertion. We will continue to serve our customers and distributors and the sale of Samsung products will be continued.”

And Apple has made their stance on the situation clear…

“It’s no coincidence that Samsung’s latest products look a lot like the iPhone and iPad, from the shape of the hardware to the user interface and even the packaging. This kind of blatant copying is wrong, and we need to protect Apple’s intellectual property when companies steal our ideas.”

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Saturday, Apple will open its first Apple Store in the great state of Alaska which will be by far the most northernApple Store on the planet. It will be located on 320 West 5th Avenue (in the 5th Avenue Mall) in Anchorage, and doors open at 10 A.M.

You’d think this would make for an Apple Store in every state, but there are still seven (Arkansas, Montana, North Dakota, South Dakota, Vermont, West Virginia, and Wyoming) without according to this map (thanks commenters).

Along with a store in Alaska, Apple will unveil four other stores worldwide Saturday:

Anchorage 5th Avenue Mall (Anchorage, Alaska)

Fashion Place (Murray, Utah)

Southland (Cheltenham, Victoria, Australia)

Conestoga: (Waterloo, Ontario, Canada)

I Gigli: (Florence, Italy)

With five stores opening this weekend, Apple still has 23 more stores to open to reach its goal of 30 new stores by September 30th. (via Macstories, Macrumors)
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Today the US Patent and Trademark Office posted 20 new patents granted to Apple Inc, two of which are valuable patents related to the iPhone, iPad, and iOS. Patents like these have been becoming more important as mobile device manufacturers take each other to court.

According a report from Patently Apple, the three most noteworthy of the patents include one for integrated touch screen technology that allows the display to be “thinner, brighter and require less power” and require less parts to manufacture, another is related to the “Voicemail Manager” for iPhone, and the last appears to be related to “improved installation, retention and removal of hardware components” in Mac Pro or other tower-like personal computers.

Perhaps the most notable of the three is the “Integrated Touch Screen” patent. Below is a snippet of Apple’s summary from Patently Apple.

Apple’s Summary: The patent relates to touch sensing circuitry integrated into the display pixel stackup (i.e., the stacked material layers forming the display pixels) of a display, such as an LCD display. Circuit elements in the display pixel stackups could be grouped together to form touch sensing circuitry that senses a touch on or near the display. Touch sensing circuitry could include, for example, touch signal lines, such as drive lines and sense lines, grounding regions, and other circuitry.

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From the “I would be shocked if it was successful” department (literally – a quote from one of the execs near the situation), comes news from CNN that Tribune Company is exploring the idea of building a tablet that would compete against Apple’s iPad and tablets from other manufacturers.

Tribune owns a handful of major US daily newspapers, including the Chicago Tribune, Los Angeles Times and The Baltimore Sun, along with 23 television stations.

Tribune aims to offer the tablet for free, or at a highly subsidized price, to people who agree to sign up for extended subscriptions to one of its papers and possibly a wireless-data plan with a partner cellular carrier, said five people briefed on the project.

The report states that this is the pet project of Eddy Hartenstein, Tribune’s chief executive, and they are working with manufacturing partners which may include Samsung.

The Tribune has faced threat of bankruptcy woes in recent years but it is noteworthy that only 8% of the US currently has a tablet, perhaps leaving the door open for other players.

Another suggestion: Subsidized iPad with subscription?

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Annoyed by the small changes in Lion? A new app called Lion Tweaks allows you to quickly turn on or off certain features in Lion that may be bugging you. The free app does nothing revolutionary, because all of these tweaks could be accessed in Terminal, but it’s nice to have a centralized place. I’m already eyeing, “Change iCal Leather to Aluminum”. (via Betanews)

Download
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[youtube=http://www.youtube.com/watch?v=BlB6kEGJFtE&]

Remember Quark? The developer of popular publishing software QuarkXPress has been sold to merger and acquisition firm Platinum Equity, and, according to a report from Techcrunch, the company is already focusing on finding a new home for the Quark’s IP. In the midst of heated patent battles between smartphone makers, what might the patents and technologies owned by Quark have to offer Apple?

Magazine and newspaper subscriptions are a big focus for Apple, it’s clear with the introduction of Newsstand in iOS 5, an app dedicated to helping manage digital subscriptions. Quark recently launched their QuarkXPress 9 publishing software that will allow publications to “design for and publish to digital devices in a variety of formats”, specifically the iPad, “without requiring the services of a programmer.”

Apple has helped Quark in the past, offering their services to get the publishing platform working on Mac OSX.

The majority of large publications have millions in funding behind them when creating the digital version of their magazines for the iPad. However, if Apple were to integrate Quark software into an SDK specifically for publishers, the subscriptions market on iOS devices might closer resemble the ecosystem currently in place for games. In other words, giving developers without millions in funding the “tools to convert existing layouts to rich, interactive content — or create new iPad content from scratch” may bring with it a rush of quality content with subscription models much more attractive to users than those offered by the larger publications.

Apple is clearly making digital subscriptions a focus in iOS 5 with Newsstand Kit, which provides the ability update issues in the background and auto-update subscriptions, but the SDK certainly falls short of everything Quark software could offer publishers.

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Boxee has just released a free iPad app that allows users to stream almost any video type from their computer. Streaming features aside, the app is focused at helping users find content to watch online from their friends and what’s popular. Sharing is done through the Friends tab, which is a queue of everything your friends are sharing through Boxee’s social service. There is a also a Popular tab showing what the world can’t get enough of.

The social features are cool, but we really love the Watch Later bookmark you can use to bookmark videos from around the web. The bookmark takes an Instapaper approach and will queue up the videos on your iPad for viewing later. To go along with their Boxee Box, you can also send a video that you were watching on your iPad to your big screen — almost Air Play like.

Check it out in the App Store.

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Macrumors notes that the boarded up Fifth Avenue Apple Store now reveals plans to improve the appearance of the cube by using “bigger, seamless” panes of glass.  The number of panes will drop from 90 to just 15 (3 per side).

We’re simplifying the Fifth Avenue cube. By using larger, seamless pieces of glass, we’re using just 15 panes instead of 90.

The upgrade reportedly costs $6 million. We’d be very surprised if the renovation isn’t complete for the October iPhone 5 launch.

Apple is also expected to have its Grand Central location, just 15 or so blocks south, open for the holidays and is also doing an upgrade to its Soho Store.

Update: The Gothamist posts a rendering:

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Optimum today released an app for iPhone and iPod touch which will allow Cablevision users in the US to watch and control their content from home on the 3.5-inch screen.  Users of home VPN solutions will be able to take these services on the road with them as well.

“Our new Optimum App for iPhone and iPod touch extends Cablevision’s leadership in offering our full cable television service on new devices, functioning as televisions in the home,” said John Trierweiler, Cablevision’s executive vice president of product management.

“We are also pleased to maximize the value of our Optimum App as a navigation and programming discovery tool by incorporating controls for home TVs as well.  The introduction of this remote control functionality will make it even easier for our customers to locate and view all of the content they already receive as part of their television subscription, whether they want to watch on conventional TVs or these Apple devices.”

Besides the iPhone and iPod touch functionality, Optimum’s iPad app also gets the following updates:
• Ability to schedule and manage DVR Plus recordings
• Your favorite channels (“Favorites”) now automatically appear in the Optimum App on all of your devices
• Parental controls automatically get re-applied when the Optimum App is re-installed – no need to re-setup your parental controls
• Use your device as a remote control and control your iO digital cable boxes

Optimum began full in-house iPad streaming in April but was subsequently sued by Viacom and others.

Full release below:
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[youtube=http://www.youtube.com/watch?v=jxYnuHX3LCI]

Totally fake video (who has time for this?)

BGR posts a quick report on the launch of the next “Google Phone” which is said to carry Android 4.0 dubbed “Ice Cream Sandwich”.  According to their sources, Google is planning to launch the new device in the same window as the iPhone 5, which we’re hearing is slated to start pre-orders in early October.

We have been told that Google is looking to push up the release of Ice Cream Sandwich devices as Apple’s iPhone 5 is expected in September or October, and the Mountain View-based company doesn’t want potential customers coming out of contracts (especially original DROID owners) and “drooling over the iPhone 5.

While ‘Droid’ owners are on Verizon, which hasn’t traditionally carried the Nexus devices, Google will likely want to keep people from leaving its platform.  Also with the iPhone 5 in its crosshairs is the Galaxy S2 from Samsung which is said to be coming to all four big US carriers in the coming months.  Cross posted from 9to5Google.com
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As you probably know, Apple released new Time Machine and Airport Extreme products last month.  On the outside, these devices were virtually identical to the products they replaced, but even before they were released, we’d found that they were different inside.   AnandTech did some serious in-depth testing on the new products and found that swapping out last year’s model with this year’s can improve data rates, especially at long distances.

At the end of the day, the new Airport Extreme dramatically improves throughput in the best case and in a few regions where signal was previously unusable. In the worst case (location 4), performance improves from being essentially unusable to totally fine, and in the case of the 2010MBP goes from not being able to connect at all to pushing 23 Mbps.

The new Broadcom BCM4331 based WiFi stack replaces the Marvell 88W8366 WLAN solution of the generation 4.  The results are more power usage on the downside but much better range on the upside as you can see in the figures, above and below.  Specifically, the 2.4GHz network performed almost at almost full strength in some places where the previous model had barely a signal.

Other findings, below:
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