Marc Wielage Posted August 11, 2011 Report Share Posted August 11, 2011 These are strange times. Bloomberg just reported that Apple is now slightly more valuable (at least for its market cap) than Exxon/Mobil, making it -- technically -- the most valuable corporation in the world. Their stock is also at an all-time high, closing in on $400 a share. It wasn't that long ago that they were struggling at 1/10th that, not many years ago. I know pundits could argue, "and if Apple just cut their prices about 15-20%, they'd sell more stuff, have more modest profits, and still be the #2 biggest company in the world." I see good and bad with this, but I'm glad to see somebody's making money in this economy. Full story at this link: Apple Overtakes Exxon to be Most Valuable Company --Marc W. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.