Apple the most profitable company in history

Pinkpoison · Aug 21, 2012

ITS just been announced on tv that Apple is the most valuable company in history announcing a turn over of over four hundred billion pounds......WOW.

Gregoris · Aug 23, 2012

They are doing very well for themselves from almost going bankrupt 10 years ago look at them now.. well done apple! Its such a shame Steve is not here to see it

dbplumb · Aug 23, 2012

If inflation is taken into account, Microsoft still beats them
In inflation-adjusted dollars, Microsoft was worth about $850 billion on Dec.30, 1999.

Pinkpoison · Aug 24, 2012

dbplumb said:
If inflation is taken into account, Microsoft still beats them
In inflation-adjusted dollars, Microsoft was worth about $850 billion on Dec.30, 1999.

Dont think so,they'r worth more than Google and Microsoft put together......fact.

cherryhesh · Aug 24, 2012

Unleashed said:
They are doing very well for themselves from almost going bankrupt 10 years ago look at them now.. well done apple! Its such a shame Steve is not here to see it

Actually it was a lot longer ago than 10 years. Apple was having their issues around '95-'97 - then Jobs came back to the company and introduced the tangerine and blueberry iMacs - and "the rest...", as they say, "..is history!"..

dbplumb said:
If inflation is taken into account, Microsoft still beats them
In inflation-adjusted dollars, Microsoft was worth about $850 billion on Dec.30, 1999.

This is actually not correct.

dbplumb · Aug 24, 2012

cherryhesh said:
Actually it was a lot longer ago than 10 years. Apple was having their issues around '95-'97 - then Jobs came back to the company and introduced the tangerine and blueberry iMacs - and "the rest...", as they say, "..is history!"..
This is actually not correct.

According to CNN Money it is
"According to CNN Money, the company has had a remarkable turnaround - valued at less than $US10 billion in 2004, reaching $US100 billion three years ago.
The firm, co-founded by the late Steve Jobs, only has one final hurdle: Microsoft still holds the record for the most valuable company on the stock market if inflation is taken into account."
And from Tech Crunch
Microsoft is still number one when you account for inflation. Its market cap, as also stated by the Columbia Journalism Review “was actually about $856 billion in constant dollars, $235 billion more than Apple’s current market cap.”

Gregoris · Aug 25, 2012

cherryhesh said:
Actually it was a lot longer ago than 10 years. Apple was having their issues around '95-'97 - then Jobs came back to the company and introduced the tangerine and blueberry iMacs - and "the rest...", as they say, "..is history!"..
This is actually not correct.

They still did very well for themselves even if it is more like 17 they still did very well to bring themselves into the position they are in today it cant have been easy.

cherryhesh · Aug 28, 2012

dbplumb said:
According to CNN Money it is
"According to CNN Money, the company has had a remarkable turnaround - valued at less than $US10 billion in 2004, reaching $US100 billion three years ago.
The firm, co-founded by the late Steve Jobs, only has one final hurdle: Microsoft still holds the record for the most valuable company on the stock market if inflation is taken into account."
And from Tech Crunch
Microsoft is still number one when you account for inflation. Its market cap, as also stated by the Columbia Journalism Review “was actually about $856 billion in constant dollars, $235 billion more than Apple’s current market cap.”

Lovin' that "Clinton-esque" fuzzy math. ;-)

Unleashed said:
They still did very well for themselves even if it is more like 17 they still did very well to bring themselves into the position they are in today it cant have been easy.

Agreed. It's remarkable. So many are kicking themselves for not getting the stock at $60/share in the crash of '09. Now $667/share. When it hit 200, then 300, always believing it was now too expensive to jump in. How much longer am I gonna wait???

PHONEGUY · Aug 28, 2012

lets not forget that without microsoft there would be no apple.
aug 6 1997 microsoft rescued apple from bankruptcy.

cherryhesh · Aug 28, 2012

PHONEGUY said:
lets not forget that without microsoft there would be no apple.
aug 6 1997 microsoft rescued apple from bankruptcy.

True, in a way. What really rescued Apple was Jobs' return to the company right then and his INNOVATION. Even if MS hadn't given them cash in the 90's - someone would have funded Jobs' amazing idea for the Blueberry and Tangerine iMacs.

So Apple would have survived with or without MS's money infusion. That's for sure.

PHONEGUY · Aug 29, 2012

cherryhesh said:
True, in a way. What really rescued Apple was Jobs' return to the company right then and his INNOVATION. Even if MS hadn't given them cash in the 90's - someone would have funded Jobs' amazing idea for the Blueberry and Tangerine iMacs. So Apple would have survived with or without MS's money infusion. That's for sure.

NO not for sure. jobs spoke to stevie only after he could not find no one with capital who was willing to help them. but because we all know how big of a heart stevie has, he helped jobs. this is well documented. like i said only the facts no speculation please, thank you

cherryhesh · Aug 30, 2012

PHONEGUY said:
NO not for sure. jobs spoke to stevie only after he could not find no one with capital who was willing to help them. but because we all know how big of a heart stevie has, he helped jobs. this is well documented. like i said only the facts no speculation please, thank you

I think you meant Billy and not Stevie. Steve was Jobs' first name. I don't agree though. Someone would have backed Jobs. He just got impatient and we were the beneficiaries of new iMacs in those days.