AfterDawn: Tech news

Apple now worth $600 billion

Written by Andre Yoskowitz (Google+) @ 17 Aug 2012 18:12 User comments (18)

Apple now worth $600 billion Apple's shares have reached a new all-time high, this time on speculation that production of the iPad Mini and rumored Apple HDTV are now in full swing.
Shares finished the day at $648.11, valuing the company at $607 billion. With such a value, it remains far and away the most valuable public company in the world, ahead of even Exxon Mobil, which literally prints money.

The smaller, 7.85-inch iPad has been rumored for years now, but the rumor mill has really kicked into high gear over the past six months.

Today, a new research report from Jefferies and Co. analyst Peter Misek says the iPad Mini will go on sale in October and the new HDTV will reach stores by 2013. Misek based his research on activity from Sharp and Hon Hai, each of which saw revenue increases during July, normally a time flat to negative growth.

Misek believes the iPad Mini will hit the market at $299 while a 42-inch model of the TV will cost above $1000.

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18 user comments

117.8.2012 18:37

To say they haven't been overcharging their customers would be a downright lie.

217.8.2012 20:17

thats nothing to be proud of when they make there products in china

318.8.2012 0:09

Congrats to Apple...
Still not an Apple fan, i'm more into oranges =D



418.8.2012 0:20

Originally posted by kabledog:
To say they haven't been overcharging their customers would be a downright lie.

i don't own too many apple products (only ipod video and ipod touch) but the fact is the customers are "affording" apple products; otherwise, it won't be 600 billion. it's a pity that the competitors are unable to make similar products that could be purchased at lower price.
Originally posted by swayze215:
thats nothing to be proud of when they make there products in china

does it matter? they have a control over the products they make. if they would make them in US, it would be even more expensive. and, other than paper towel and soap, what is MADE in US? LOL.

518.8.2012 7:42

Originally posted by swayze215:
thats nothing to be proud of when they make there products in china

Oh noes! Just like almost EVERYONE! Quit buying just about all products if that bothers you (keeping in mind that there's almost NO mass-produced electronic device that wasn't partially made in China...including the computer you're using to reply to this article).

618.8.2012 12:57

I would love to start bitching uncontrollably, but what's the point? They made the money by whatever means we may debate & they may or may not pay their share holders equally well.

I'll guaran-f*king-tee you they won't drop prices, they won't lead the way in any 'ground breaking' tech, they won't show any customer or employee appreciation & they'll probably set another land speed record in lawsuits for 2013.

My guess at this moment? Dipping into the TV market as they are & the mere mentioning of Disney in the same breath as some outlets are... I wouldn't want to make too brash a decision, but it isn't too soon to put 75% of your savings into canned food & shotguns.


718.8.2012 15:04

It's not really worth 600 billion.

It's share price that equals 600 billion.

If everyone sells their shares then apple is worth nothing.

Much like most rich people don't actually have money it's pretend money based on shares that can be worthless within seconds at the drop of a hat.

there's only a handful of people that are truly rich in terms of having the real cash and real life products that are worth something like gold, oil etc.

I expect next year apple will start to fall on it's sword as it'll start to throw any sort of products at anybody who will buy it, and those people start to get fed or bored with the stuff apple throw out.

818.8.2012 16:03

So when can I get a touch screen Ipod touch like MP3 player around 32+ GB with giawi fi file transfer and USB3?


Until then I keep my cracked Ipod 32GB touch.


Copyright infringement is nothing more than civil disobedience to a bad set of laws. Lets renegotiate them.

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919.8.2012 13:57

Originally posted by xtago:
It's not really worth 600 billion.

It's share price that equals 600 billion.

If everyone sells their shares then apple is worth nothing.

Much like most rich people don't actually have money it's pretend money based on shares that can be worthless within seconds at the drop of a hat.

there's only a handful of people that are truly rich in terms of having the real cash and real life products that are worth something like gold, oil etc.
Playing Devil's Advocate, there is a bit of fallacy in your definition.

If Apple (or like companies) weren't worth (at least something) anything then how could they pay out dividends to their shareholders? Likewise, if those shareholders "sold" their shares in (say) Apple, those shares are already said to have something of value. Thus, wavering the validity of your statement.

Don't get in a huff though... "I" know about tangible, LIQUID assets & the virtual assets you speak of, but corporations just LOVE to play around in that gray area of something for nothing. Especially when it comes to the old "removing one olive from the jar" tactics.

Equally so, the material wealth you speak of is also virtual. Its value is limited to perception given the fickle nature of life & attitudes of the human psyche as well.

In other words, If money is literally of no use, I own all the wheat & you don't know how to make bread - how much is that gold worth now?

1019.8.2012 14:54

Originally posted by LordRuss:
Originally posted by xtago:
It's not really worth 600 billion.

It's share price that equals 600 billion.

If everyone sells their shares then apple is worth nothing.

Much like most rich people don't actually have money it's pretend money based on shares that can be worthless within seconds at the drop of a hat.

there's only a handful of people that are truly rich in terms of having the real cash and real life products that are worth something like gold, oil etc.
Playing Devil's Advocate, there is a bit of fallacy in your definition.

If Apple (or like companies) weren't worth (at least something) anything then how could they pay out dividends to their shareholders? Likewise, if those shareholders "sold" their shares in (say) Apple, those shares are already said to have something of value. Thus, wavering the validity of your statement.

Don't get in a huff though... "I" know about tangible, LIQUID assets & the virtual assets you speak of, but corporations just LOVE to play around in that gray area of something for nothing. Especially when it comes to the old "removing one olive from the jar" tactics.

Equally so, the material wealth you speak of is also virtual. Its value is limited to perception given the fickle nature of life & attitudes of the human psyche as well.

In other words, If money is literally of no use, I own all the wheat & you don't know how to make bread - how much is that gold worth now?
I think its more about flowing revenue, as long as there is profit you can expand. You can only expand when others buy into your revenue scheme. So if everyone sold off their stock, it merely means someone else owns it, it dose not negate the fact they still produce revenue and profit. Only when you start losing profit and cut into your revenue to offset current losses you wind up going down the great turd spiral.(like the US is doing strangely enough)

Copyright infringement is nothing more than civil disobedience to a bad set of laws. Lets renegotiate them.

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1119.8.2012 15:20

Originally posted by ZippyDSM:
I think its more about flowing revenue, as long as there is profit you can expand. You can only expand when others buy into your revenue scheme. So if everyone sold off their stock, it merely means someone else owns it, it dose not negate the fact they still produce revenue and profit. Only when you start losing profit and cut into your revenue to offset current losses you wind up going down the great turd spiral.(like the US is doing strangely enough)
at first glance I was going to yell "PYRAMID SCHEME!!!", then I readjusted my glasses...

Understood... But even then, the 'loss' can be virtual after a while as well. Once all the gains over cost & expenditures have been met, then the capital (I like to call gravy) becomes the money working for itself. So once you are making money on just money, to 'lose' any of that is actually a fallacy, but yet on the books is still considered a loss.

Like you said, so long as you don't dip back into the original 'worth', you're still good to go. But once you run out of bread for that shit sandwich...

1219.8.2012 15:31

Originally posted by LordRuss:
Originally posted by ZippyDSM:
I think its more about flowing revenue, as long as there is profit you can expand. You can only expand when others buy into your revenue scheme. So if everyone sold off their stock, it merely means someone else owns it, it dose not negate the fact they still produce revenue and profit. Only when you start losing profit and cut into your revenue to offset current losses you wind up going down the great turd spiral.(like the US is doing strangely enough)
at first glance I was going to yell "PYRAMID SCHEME!!!", then I readjusted my glasses...

Understood... But even then, the 'loss' can be virtual after a while as well. Once all the gains over cost & expenditures have been met, then the capital (I like to call gravy) becomes the money working for itself. So once you are making money on just money, to 'lose' any of that is actually a fallacy, but yet on the books is still considered a loss.

Like you said, so long as you don't dip back into the original 'worth', you're still good to go. But once you run out of bread for that shit sandwich...

LOL is ok I ramble insane yet strangely truthful things, it takes a great mind, a great crazy mind to follow me sometimes.. and sometimes not so much desu ><

The flowing revenue and its profit are real and yet not real as there is interest being made and assets being adjusted and sold off.

Loses bring with it a damage over time type of well damage and the businesses healing rate compensates for that, for awhile then you run so low you have fewer and fewer options to heal up and get back at it.

I don't really like the idea of virtual revenue and profit, not when it creates such an uplift it can sustain even great losses.

Its more than virtual or quasi, its more a flowing water stream, water is currency and land is the business/market.

As the water flows it always seeks the lowest point(unlike money which tends to seek the highest point). Losses come from landscaping issues, stream derivation/diversion and a lack of a good water source or sources.

Hot mucky days lead to more microbe growth that can slow and stagnate the flow of water and corrupt it where it sits waiting to move on.

Oh god now even I do not even know WTH I am talking about anymore LOL
This message has been edited since its posting. Latest edit was made on 19 Aug 2012 @ 15:36

Copyright infringement is nothing more than civil disobedience to a bad set of laws. Lets renegotiate them.

---
Check out my crappy creations
http://zippydsmlee.deviantart.com/

1320.8.2012 4:14

Apple and many US firms are DOOMED. Why? Pay close attention to Africa. China is out there helping the poor, pumping Billions into the economy and building up the infrastructure as well as builing stadiums, government buildings etc for FREE. African leaders who are pleased now allow China access to oil and minerals. Britain, America and other Eurozone nations aren't happy about it because for 100s of years they got a good deal out of Africa through slavery, giving weapons to rebels for guerrilla warfare to destabilise the region whilst they plunder Africa freely. They pretend to help by giving biscuits, water through the UN or various charities plus vast loans via the world bank and IMF with the intention of keeping the government in debt. Americas response to China's arrival??? AFRICOM. When it kicks off between US and China it's game over. Pick your Apples while you can. Muhahahaha.....

This message has been edited since its posting. Latest edit was made on 20 Aug 2012 @ 4:22

Trin - Making Digital Waves

1420.8.2012 4:14

:)

This message has been edited since its posting. Latest edit was made on 20 Aug 2012 @ 4:16

Trin - Making Digital Waves

1524.8.2012 11:32

When you've got it - Flaunt it.

Go Apple!

By the way how many of you trolls have Apple stock?

I do and it's making me a ton of money.

Suck on that.

1624.8.2012 11:58

Originally posted by robertmro:
When you've got it - Flaunt it.

Go Apple!

By the way how many of you trolls have Apple stock?

I do and it's making me a ton of money.

Suck on that.
And you're the luck beneficiary of what we call a "trust fund baby" is the only retort "I" can immediately muster as it could only be the elderly or your INCREDIBLY intelligent parents that could have the valuable insight of Apple stock early enough to have bought at an affordable price.

Only a youthful reverse, Apple fanboy, troll, that revels in exquisite, distasteful droll, would brag about such things as how much money they either have or are making (especially to the plebes) would speak with such disdain.

Which either makes you prepubescent or a liar.

1725.8.2012 0:50

Originally posted by LordRuss:
Originally posted by robertmro:
When you've got it - Flaunt it.

Go Apple!

By the way how many of you trolls have Apple stock?

I do and it's making me a ton of money.

Suck on that.
And you're the luck beneficiary of what we call a "trust fund baby" is the only retort "I" can immediately muster as it could only be the elderly or your INCREDIBLY intelligent parents that could have the valuable insight of Apple stock early enough to have bought at an affordable price.

Only a youthful reverse, Apple fanboy, troll, that revels in exquisite, distasteful droll, would brag about such things as how much money they either have or are making (especially to the plebes) would speak with such disdain.

Which either makes you prepubescent or a liar.
Wrong on all counts.

Just a middle class guy with a wife who manages the money well.

And you are jealous, as you should be.

1825.8.2012 14:39

Originally posted by robertmro:

Wrong on all counts.

Just a middle class guy with a wife who manages the money well.

And you are jealous, as you should be.


Highly Doubtful... You're downplaying your class & I would certainly hope that your wife is managing your finances due to the fact your infantile behavior speaks volumes.

And me... Jealous of - "you"... Little boy, my resume speaks volumes & magnitude that you can't dream of. What possible little speck of matter have you done that even remotely merits mentioning, much less stands out better than a grain of sand on the ocean floor?

Jealous? Let's just say I'm ashamed to have defended your right to be an asshole.

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