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Apple is now the most valuable company in history

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Today, Apple has become the most profitable company in history. This is something that while inevitable now, is something that may never have happened at all considering that Apple was 90 days from bankruptcy just a mere 15-16 years ago. It was only the grace and vision of Steve Jobs that saved the company.

The company took the realms from Microsoft of the title of most valuable company in history. Microsoft made that record in 1999 at $620.58 billion. Apple now holds the record at $624 billion and is only expected to climb further. Microsoft is now worth $257 billion. It has fallen $363.58 billion in worth. That is more than its value now. Gee, that’s some great growth there Microsoft! Their actions show for it to. For instance, they have failed in the top 3 biggest markets right now, media players, tablets and phones. They have no music player, a terrible excuse of a phone and a terrible excuse of a mobile operating system that will replace the successful desktop OS.

Apple on the other hand entered the three markets, actually they essentially created the markets. I know they didn’t invent these things but they made them intuitive so people would buy them. They made it so people wanted to buy them, because all three markets, mp3 player, smart phone and tablet, were very unpopular before Apple came in and changed the industries. You can argue that Apple wasn’t first and I wouldn’t argue with you, because you would be right, however you can not argue that they were the first successful ones at it, and everyone else just copied them.

Apple has a right to the title of the most valuable company in the world and now in history. Many analysts believe that Apple has room to grow-all the way up to the first trillion dollar company! I believe that it could go that high should Apple continue to innovate and re-innovate products. Right now and for years to come, there is no stopping Apple. It will continue to increase its sales, the facts don’t lie and the numbers don’t lie. Apple is VERY successful and unlike Microsoft, won’t turn back and crash like Microsoft the company and Microsoft computers tend to do.

Thanks for reading,

Joe

Apple is now the most valuable company in the world but is that a good thing?

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UPDATE: Apple reaches $500 billion in market value

Update (again)- In just a few months, Apple has reached a market evaluation of $600 billion dollars, with a stock price in the 640s.

According to sales numbers, Apple is now the most valuable company in the world. It overtook the spot from Exxon in recent weeks. Kudos to Apple to beating every other company in the world even the evil gas companies. However, can Apple hold this position for long? My answer is maybe. You see there is this effect, or law rather that basically says that in order for Apple to continue it’s seemingly infinite growth it will need to sell it’s devices to every man, woman and child. This has been a concern for years for Apple, people will get tired of buying the same device they bought last year, and the year before and the year before. This effect has recently happened to Exxon and the reason that Apple overtook it is because Exxon had this problem. They had, in 2006, $447 billion, now they have $45 billion less than that. However, and this is a big however, Exxon sells one product and one product only, gasoline for your car. They are taking more money from you than before and people are sick and tired of buying expensive gas and they are switching to electric. Apple on the other hand has limitless possibilities, it can sell these devices over and over because technology is always improving, and people always want the best. Also, Apple sells multiple products, instead of one. It also has more products down the road that we don’t even know about, all of which will more than likely be a hit just like everything else Apple touches. Also with Windows 8 expected to be a total flop like Vista, Apple will have a golden opportunity to make its mark there as well. You see the phrase “history repeats itself” may not necessarily apply to Apple. Apple is on top and unlike the previous holders of the “Most Valuable Company” title, it will stay there, probably for a very long time. The reason it doesn’t apply to Apple is because Apple is a special company that can not be touched. It will survive, and it will thrive. It will always be number one.

Thanks for reading,

Joe