Apple Passes Exxon As Most Valuable U.S. Company (actually, in the world)

[onehandle]

Source: AP/Huffington Post

NEW YORK — Apple has surpassed Exxon Mobil as the most valuable company in the U.S.

Apple Inc.'s stock gained 3.2 percent to $364.60 on Tuesday afternoon, bringing the iPhone and iPad maker's market capitalization to about $338.0 billion

Exxon Mobil Corp. shares, meanwhile, were trading at $69.45, down nearly 1 percent. That gives the oil company a market cap of $337.7 billion.

Other big-name corporations, such as Wal-Mart Stores Inc. and General Electric Co., don't even come close.



Read more: http://www.huffingtonpost.com/2011/08/09/apple-passes-exxon-most-valuable-us-company_n_922339.html

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Actually, that makes Apple the most valuable company in the world. This was projected to happen in September or so, but with the current 'Tea Party Downgrade' and all, it was ahead of schedule.

[Donnachaidh]

1. Apple should be paying tariffs on their slave labor goods

They certainly can afford to give back to the country that buys their crap.

[CBGLuthier]

3. Hell, I would be happy if they just paid their fucking taxes

Instead of lobbying for more breaks like EVERY other CORPORATION in this greedy land.

[targetpractice]

8. Do you have specific info about your contention?

A link, maybe? I've been an Apple fanboy since the original Mac... But, I'd like to know what kind of corporate citizen they actually are.

Thanks!

[CBGLuthier]

10. Sure 'nuff do

http://www.huffingtonpost.com/2011/06/04/apple-taxes-protests_n_871309.html

Apple doesn't pay its fair share of taxes, and now the technology company is trying to get another tax break, says grassroots group US Uncut, which has planned a series of "dance-in" protests at Apple stores across the country. The group takes issue with Apple's support of a broader effort that would allow corporations to pay a low tax rate on profits they take home from overseas tax havens, according to a US Uncut release.

[targetpractice]

11. Thanks for that! n/t

[onehandle]

4. Amazon, Intel, Cisco, HP, Dell, Nintendo, Nokia, Microsoft, Sony etc, use the same factories...

They should all pay higher tariffs and taxes. I agree.

[OhioChick]

12. +1000 n/t

[abelenkpe]

2. Gotta send this article to my pop

who told me in 1997 not to invest in apple cause they were done! Toast! Finished.

And he blames Obama for his financial advisor/insurance company not doing well. :eyes:

[onehandle]

5. A $5000 investment from that year would be worth nearly a million now. nt

[brooklynite]

15. Bought my shares at $4...

[mnhtnbb]

17. I passed up buying Apple at $27 because I was worried about Jobs health.

Ptahh!!!!

[alfredo]

20. I bought in at $10. I'd have a bit of a nest egg. I sold

around the time Bush was appointed pres. I sold all my stock at once, got out of the market. I wish I had held onto AAPL. If I had, I would not have had enough money to pay off my mortgage.

[targetpractice]

23. My friend teases me that...

...He could raise and put another kid through college after every Apple product launch.

Me on the other hand, I've owned so much Apple hardware since 1984... But, no stock... Stupid, stupid me.

[meegbear]

6. Thanks to rethugilans and teabaggers, Apple is the most valuable U.S. company!

Are they great or what?

[targetpractice]

9. What do republicans and teabaggers have to do with it?

Apple has been on a trajectory to surpass Exxon for a while due to outstanding product sales and profits.

[alfredo]

21. Wait for the Apple Televisions.

Just a rumor.

[tawadi]

7. Valuable is a subjective term. eom

[florida08]

13. do you remember about a year ago

that the company Apple uses in China where employees were jumping to the death because of the working conditions?
That ceo put up nets between the windows so prevent them. Steve Jobs defended them. These guys while brilliant are capitalists first.

Here's a pic

http://www.dailymail.co.uk/sciencetech/article-1283389/Apple-boss-Steve-Jobs-defends-China-Foxconn-factory-conditions-10-suicides.html

[RUMMYisFROSTED]

14. -

[marasinghe]

16. the photo says it all. n/t

[hughee99]

18. Isn't the guy pictured in your avatar on Apple's board of directors? n/t

[Brother Buzz]

19. Lieutenant Dan got me invested in some kind of fruit company

[Electric Monk]

22. Apple is gonna fold any day now, they have no significant market share, blah blah blah

:rofl: