Apple Inc is just steps away from becoming the most valuable company in the world. Soon Apple will take over the #1 spot which right now belongs to Exxon. Exxon is at $410 Billion and Apple's market capitalization is at $357.8 Billion. Investors and analysts say that Apple could take over the top spot within the next six months.
Apple's market capitalization has risen by $66 Billion to $357.8 Billion because of the fantastic potential of the new iPhone 5 and iCloud. Apple beats Wall Street's expectations over and over
again.
It is projected that Apple's stock will jump 25%. Apple always does well for Back To School and for the holiday seasons. Apple stores are always filled with potential customers and around this back to school season, the kids are jumping on getting new macs and ipads.
What a come back from 2002 when Apple's only value was in the real estate it owned and cash in hand. Apple has come a long way with much of the credit going to Steve Jobs.
Google as a threat is yet to be seen. Google's new smart phone is planning to give the iPhone a run for its' money but we don't think that this is going to hurt Apple much at all.
Apple sold 20.34 million iPhones last quarter in spite of the latest phone, the iPhone 4 is now over a year old.
Apple sold more than 9 million iPads in their June quarter, again, way more than expected.
- iPhone sales grow 142%.
- iPad sales grow 183%.
- Revenue is up 82%.
- Profits are up 125%.
I like those numbers in this economy! Are there lessons here?
Apple is experiencing record profits and I say, Go Apple. Go For it. You deserve the success.
When someone says, "who do you think of when you say 'customer service'?" Apple store is the answer more than any other company. Who do you think of when it comes to which company is most intuitive to what consumers want and want some more? Apple is the company that comes to mind more than any other company in the world.
Comments(26)