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Apple's value soars to $600 billion

Discussion in 'Off-topic Zone' started by Reality, Apr 10, 2012.

  1. Reality

    Reality Administrator Staff Member

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    NEW YORK (CNNMoney) -- Apple's rocket trip into the stock-market stratosphere took it to a lofty new height Tuesday morning, when Apple's valuation briefly crossed the $600 billion mark.
    That's a milestone only one other company has ever achieved. Microsoft's market cap topped $600 billion in late 1999, at the height of the dot-com bubble.

    Full Article

    #reality
  2. TheCount

    TheCount Pixel Pusher

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    One of the finest investments I ever made.
  3. burmafrd

    burmafrd Well-Known Member

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    you want to talk about over valued...
  4. vta

    vta The Proletariat

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    I hope you bought when it was $15.00 :)
  5. theogt

    theogt Surrealist Zone Supporter

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    Word on the street is that Steve Jobs is a horrible business man and didn't know how to run a company.
  6. Dallas

    Dallas Old bulletproof tiger

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    Word on the street is give Apple another 3 years to deal with Steves departure.

    Please don't sit here and think for a second that Apple is going to deliver the vision that is Jobs. They already are showing problems w/ the latest new iPad. Not at ALL what people expected.

    :cool:
  7. Sam I Am

    Sam I Am Unfriendly and Aloof!

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    I always bash Apple, but their PE ratio is lower than Googles.

    Apple isn't overvalued as a company. What is overvalued is their products. People pay A LOT more money for them than they cost to make. It's that huge marge that gives them such high earnings. Those high earnings cause their stock value to shoot up.

    The bad thing about Apple is that they are inflating the price of good tablets out there. You can buy a decent 17" laptop for 4GB of memory and 320GB hard drive for less than $500. You buy a tablet with a screen about half that size, 1GB of memory, a slower processor, 1/10th the storage, and no keyboard for $629. :facepalm:
  8. Sam I Am

    Sam I Am Unfriendly and Aloof!

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    theogt, Jobs is dead. Move on. Everyone else has.
  9. Phoenix

    Phoenix Well-Known Member

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    Briefly was then not I heard
  10. theogt

    theogt Surrealist Zone Supporter

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    Good of you to drop in and say hello despite being demonstratively wrong time and again about the guy. Here's to you having a sufficient spine to not be terminally embarrassed by your cluelessness. Whodathunkit?

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