market cap Stories May 17, 2016
market cap Stories February 1, 2016
Alphabet’s just-released Q4 earnings has seen its stock price rise in after hours trading, resulting in the Mountain View-based company passing Apple to become the most valuable company in the world. The company’s market capitalization was $517.6 billion at close, and while the price is still fluctuating after hours, Alphabet’s market cap will be over $540 billion tomorrow if these prices hold…
market cap Stories June 4, 2015
Apple ranks in at number 5 on the latest Fortune 500, the annual list that ranks US companies by revenue, this time for fiscal year 2014. The company maintains its same position as last year behind Berkshire Hathaway (no. 4), Chevron (no. 3), Exxon Mobil (no. 2), and Wal-Mart Stores (no. 1).
While Apple comes in at fifth place for revenue, Fortune notes that it “boasts both the biggest profits of any company on the list ($39.5 billion) and the highest market value (more than $700 billion).” expand full story
market cap Stories February 12, 2015
Tesla thinks it can grow to an Apple-sized market cap in a decade
Black Tesla Model X prototype with a trailer hitch and redesigned front end
Quite an interesting statement from Tesla CEO Elon Musk in last night’s earnings call. With all of the “Apple car” talk and fight for employees, it is interesting to note how big Tesla thinks the market for electric cars and lithium batteries will be in the coming decade (assuming 10% yoy growth and P/E ratio of 20).
For the record, I’ve also heard rumblings of an early vehicle program at Apple which could be an R&D exercise or turn into something significant. One of the leaders of the program recently left Apple for Oculus if that’s any indication of what kind of technology Apple is hoping to bring to the automotive world.
Also make sure to read about Elon Musk’s secret demand weapon to deploy on car dealers and new consumer battery product.
market cap Stories February 10, 2015
Apple becomes 1st company ever to close at market cap of over $700B (AAPL)
Update 2/11: After passing $700 billion in market capitalization yesterday, Apple has been trading up as high as $124.43 a share raising market cap over $720 billion.
Apple’s stock price closed up 2.3 points today to close at 122.02 giving the Cupertino company that was on the verge of bankruptcy less than 2 decades ago, the highest market cap of all time. The closing market cap of $710B reflects significant growth since it hit a recent low of a split-adjusted 56 in mid-2013.
To put it into perspective, Apple is now valued at $100 for every man, woman and child on the face of the earth.
Speaking of AAPL, Tim Cook is at Goldman Sachs today discussing Apple’s recent success and announcing a industry first Solar farm that will offset all of Apple’s California electricity use including its Campus 2, offices and 40 retail stores.
And on that note, First Solar, the company that is partnering with Apple on the Solar Farm is up almost 10% on the news.
market cap Stories January 28, 2015
Apple broke many records with its latest quarter reporting $74.6 billion in revenue and $18 billion in profit with 74.4 million iPhones sold, numbers which greatly surpassed both Apple’s guidance and the even higher consensus analysts predicted, and Wall Street is taking notice.
Following a dismal day for the market yesterday which saw Apple down a few points ahead of its earnings report—it was soon back on the rise in after hours trading—both Apple and the Dow are climbing this morning largely due to those record numbers yesterday. Hovering around 7.5% higher since opening this morning and occasionally crossing 8%, Apple is positioned to cross its previous record high shortly. expand full story