Showing posts with label ExxonMobil. Show all posts
Showing posts with label ExxonMobil. Show all posts

Thursday, January 19, 2012

Apple: $10 Billion To $400 Billion In 10 Years

Image representing Apple as depicted in CrunchBaseImage via CrunchBaseAnd with most of the growth happening once the Great Recession hit.

CNN: At $400 billion, Apple is worth more than Greece
Only Exxon Mobil has a higher valuation, at about $420 billion. PetroChina (PTR) is Apple's closest competitor, at $270 billion, and Microsoft follows at $235 billion. ..... Apple's market cap is higher than the gross domestic product of Greece, Austria, Argentina, or South Africa. ..... Despite its size, Apple is still one of the fastest growing technology companies...... a $15 price cap for e-textbooks
This is a remarkable story. It came from the company inventing one new category after another. There were digital music players before the iPod, but I remember a Time or Newsweek front cover that said: iPod, therefore I am.

The iPhone was the gizmo that really did it for Apple. This was truly a trailblazing product. It shook the landscape.

And now Apple marches into TV and textbooks. TV is a hard nut to crack.

I stay fascinated as to how Apple manages to keep its startup culture. It still acts like one.

Thursday, January 06, 2011

Apple Is A Cultural Phenomenon

Steve Jobs while presenting the iPad in San Fr...Image via Wikipedia
Fortune: Apple's market cap tops $300 billion: Giving ExxonMobil a run for its money in the race to be the world's most valuable company ..... Apple has been the most valuable tech stock and the world's second most valuable publicly traded company -- after ExxonMobil (XOM) -- since it passed Microsoft (MSFT) last May.
It's astounding as to how far Steve Jobs has brought Apple in a dozen years or so. Apple could very well end up the world's most valuable company. That is just mind boggling.

The iPhone swept the scene. Before that it was the iPod. Wait, Steve first started with the Mac itself. Computers could actually be good looking. He did that. There was a Time or Newsweek cover I remember from years ago that said, iPod, therefore I am.

The iPad has created a whole new class in computing. And the Macbook Air has brought the price point to more achievable levels. The guy creates sleek.