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Author Topic: Apple Surpasses Exxon as Most Valuable Company  (Read 5204 times)

Ben

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Apple Surpasses Exxon as Most Valuable Company
« on: August 10, 2011, 07:41:49 PM »
So does this mean that when Obama and Nancy Pelosi go on another "obscene profit" rampage, they'll now be singling out Apple instead of Exxon? Or will Apple get a free pass because of how cool and liberal and non-oily they are?

http://www.foxnews.com/scitech/2011/08/10/ipad-trumps-oil-apple-is-most-valuable-us-company/
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TechMan

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #1 on: August 11, 2011, 01:45:48 PM »
I vote for the latter of your statement.
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Monkeyleg

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #2 on: August 11, 2011, 02:01:51 PM »
They also might not want to mention Apple because Apple has more cash on hand than does the US government.

Link
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brimic

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #3 on: August 11, 2011, 04:12:43 PM »
Where are all of the screams about price gouging on I<toys>?

I forgot that gasoline isn't a status symbol for lefty eloi.
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Lee

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #4 on: August 13, 2011, 03:34:15 PM »
Once again, Apple (like many other multi- billion $ companies) does not pay the high rate of US taxes like you or I do. They just enjoy the safety of the harbor.


http://forums.macrumors.com/showthread.php?t=1097515
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wmenorr67

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #5 on: August 13, 2011, 03:36:13 PM »
Look at percentage of profit and pharmacuticals outpace Oil companies also.
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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #6 on: August 13, 2011, 03:38:46 PM »
Some of the ignorance displayed by posters on that forum is...nevermind.  It's only to be expected.
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Perd Hapley

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #7 on: August 13, 2011, 04:50:14 PM »
Quote from: RocketMan on August 13, 2011, 03:38:46 PM
Some of the ignorance displayed by posters on that forum is...nevermind.  It's only to be expected.

One of them even admits ignorance:
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Makes sense to bring it back to the states, but how it's going to stimulate the economy after only 5% tax and going into the pockets of the rich is beyond me.

:lol:  Actually that's very sad, because people like this vote.  =(
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makattak

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #8 on: August 13, 2011, 06:03:10 PM »
Quote from: wmenorr67 on August 13, 2011, 03:36:13 PM
Look at percentage of profit and pharmacuticals outpace Oil companies also.

Of course they do. Oil companies are very average in terms of percentage profits. It's just that they are so large that the leftists can demagogue the size in terms of dollars rather than paying attention to percentages.
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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #9 on: August 13, 2011, 06:22:11 PM »
The next time somebody complains about "big oil", tell them that Exxon makes 2 cents profit on a gallon of gas, while the US gets 48.5 cents in taxes.

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AZRedhawk44

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #10 on: August 13, 2011, 08:50:08 PM »
If Apple is more "valuable" than Exxon, then we need to get a serious cluebat to the head as to the meaning of the term "value." :facepalm:

At best, Apple represents a toy maker for post-pubescent children.

At worst, Apple represents corporate degeneracy at the worst level.  The failure of a product within a capitalist framework which then runs to the Nanny-State for protection from a market that doesn't want it.
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zxcvbob

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #11 on: August 13, 2011, 10:21:22 PM »
Quote from: AZRedhawk44 on August 13, 2011, 08:50:08 PM
If Apple is more "valuable" than Exxon, then we need to get a serious cluebat to the head as to the meaning of the term "value." :facepalm:

At best, Apple represents a toy maker for post-pubescent children.

Agree completely.

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At worst, Apple represents corporate degeneracy at the worst level.  The failure of a product within a capitalist framework which then runs to the Nanny-State for protection from a market that doesn't want it.
???  Are you still talking about Apple, or Chrysler?
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AZRedhawk44

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #12 on: August 13, 2011, 10:51:24 PM »
Quote from: zxcvbob on August 13, 2011, 10:21:22 PM
Agree completely.
???  Are you still talking about Apple, or Chrysler?

Both, I guess... but mostly Apple.  Chrysler/GM is more about union sabotage of a company, not one company attempting to damage another (or derive meaningful existence) purely through governmental influence or compulsion.

Apple back in the 90's ran to Uncle Sugar to sue Microsoft for monopoly.  Never mind the fact they had a crappy OS that no one in their right mind actually wanted (until they threw their kernel away completely and borrowed BSD from the Unix community... but that's post anti-trust).  Microsoft actually had to GIVE Apple money every year and keep them afloat as "competition."  Corporate welfare at its worst.

Quote from: AZRedhawk44 on August 13, 2011, 08:50:08 PM

At best, Apple represents a toy maker for post-pubescent children.

And what  I mean by this... is show me a cost-efficient, clustered, easily managed, standards-compliant, redundant-hardware datacenter... with an Apple logo on it.

Even with BSD under the hood, Apple isn't a contender in the Information Systems market.

Apple now exists solely because of the iPod, iPhone and iPad.  All other business units are secondary at best.

Compare that to the exploratory, drilling, recovery, refining, transport and distribution systems of Exxon.  If either one of these companies suddenly disappeared from the face of the earth, with all staff/capital equipment/infrastructure... which would hurt us more?

<crickets chirping>


Anyone who thinks Apple is more valuable than Exxon needs a brain-enema.
« Last Edit: August 13, 2011, 10:56:14 PM by AZRedhawk44 »
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Scout26

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #13 on: August 13, 2011, 11:05:02 PM »
But, but, but, but, Steve Jobs is the Second Coming.  He is pure and divine and good.  Apple is the Good Witch, while MicroSoft and Bill Gates are the devil incarnate.

Apple is green technology and health foods and cha all rolled into one.

 [barf] [barf] [barf] [barf] [barf] [barf]


Sorry, I couldn't do anymore.

And remember that "Value" is not what you or I think it's worth.  It is: exactly what some other sap will pay for it and not a penny more. 
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mtnbkr

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #14 on: August 14, 2011, 07:02:45 AM »
Quote from: AZRedhawk44 on August 13, 2011, 10:51:24 PM
And what  I mean by this... is show me a cost-efficient, clustered, easily managed, standards-compliant, redundant-hardware datacenter... with an Apple logo on it.
That's not their market and I don't think they've ever tried to compete in that market.  That doesn't devalue their product.  Until about 10 years ago, you didn't see Dell in a datacenter, now they're quite common (my company bases its products on Dell servers and has thousands of them at customer sites worldwide).  Hell, until less than 10 years ago, you didn't often see Linux in the datacenter. 

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Even with BSD under the hood, Apple isn't a contender in the Information Systems market.
I could be wrong, but I don't think they've tried, so the point is null.  I will point out that the security operations center at my last job standardized on OSX because it supported our project's standard catalog of applications and was immune to viruses, malware, and other threats the Windows-based systems weren't.  The idea was if something nasty got on the network, they wouldn't be affected as they worked to isolate the problem.

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Apple now exists solely because of the iPod, iPhone and iPad.  All other business units are secondary at best.
That does seem to be their niche, they would be insane to ignore it.  Frankly, if their laptop/desktop operations are taking resources that would enable them to expand on the tablet/handheld side, they would be insane to maintain it. 

Quote
Compare that to the exploratory, drilling, recovery, refining, transport and distribution systems of Exxon.  If either one of these companies suddenly disappeared from the face of the earth, with all staff/capital equipment/infrastructure... which would hurt us more?

 ;/

This isn't about strategic value, but market value.  Exxon's market is more mature and has less growth opportunities within the US.  Apple's market is still growing as tablet/handheld computing becomes more and more viable and in demand. 

Quote
Anyone who thinks Apple is more valuable than Exxon needs a brain-enema.
From a financial perspective, it appears they are.

Chris
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longeyes

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #15 on: August 15, 2011, 07:49:13 PM »
We don't have to rip Apple to praise Exxon, now do we?  We should be proud of both. 

Apple has empowered a lot of people, a lot of businesses, and changed the world.

It's too bad that so many Silicon Valley plutocratic geeks lean so left.  You'd think they'd know better.
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Ben

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #16 on: August 15, 2011, 07:51:52 PM »
Quote from: longeyes on August 15, 2011, 07:49:13 PM
We don't have to rip Apple to praise Exxon, now do we?  We should be proud of both. 

I didn't start the thread to rip Apple - I was wondering if certain politicians would now stop ripping Exxon. :)
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Perd Hapley

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Re: Apple Surpasses Exxon as Most Valuable Company
« Reply #17 on: August 15, 2011, 08:22:37 PM »
I don't know what the current stats are, but Apple's time at the top was short-lived. Last I heard, Exxon is back in the #1 spot.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/12/BUDM1KMH42.DTL
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