Apple Inc. Worth $500 Billion!!!

DANG!!!! Good thing CEO Tim Cook is going to invest some of that into charity and another very kind investments. Steve Jobs was a hoarder.

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Apple's stock market value topped half a trillion dollars for the first time earlier today.

As reported by CNN, the world's most valuable company is now worth as much as the gross domestic product of Poland, Sweden, Saudi Arabia or Belgium.

Only four other companies in history have passed the landmark figure - Microsoft, ExxonMobil, Cisco and General Electric.

Microsoft is the only outfit to ever hit $600 billion, though its current value sits at around $267 billion. That target must surely now be in Apple's sights - its total sales were up 73 per cent to $127.8 billion last year, suggesting it's still in the ascendancy.

If measured purely by revenue, Samsung is the world's biggest tech company, though Apple is on track to seize that crown too.

http://www.eurogamer.net/articles/2012-02-29-apples-value-tops-USD500-billion-worth-more-than-poland

They should buy a country and name it icountry.

People are way to obsessed with their phones.

People are way to obsessed with their phones.

crimsonman1245

As long as it doesn't look like their now outdated one year old phone. (Looking at sad iphone 4S user)

They should buy a country and name it icountry.

Idontremember

They actually bought one of the States. it's now called iDaho :)

yet they use slave labour to make their products. Capitalism at its best right here folks!

yet they use slave labour to make their products. Capitalism at its best right here folks!

dontshackzmii

Who doesnt use slave labour this days if someone should be blamed then its the Chinese government not Apple (I'm an apple (the company) hater)

And all those people with iphones/ipods/ipads and bought stuff are stuck bying other stuff from apple to keep using the stuff they bought.

[QUOTE="Idontremember"]

They should buy a country and name it icountry.

AdobeArtist

They actually bought one of the States. it's now called iDaho :)

Didn't know Apple was already established in 1890. :P

[QUOTE="Idontremember"]

They should buy a country and name it icountry.

AdobeArtist

They actually bought one of the States. it's now called iDaho :)

And all those people with iphones/ipods/ipads and bought stuff are stuck bying other stuff from apple to keep using the stuff they bought.

quaappybla

People are way to obsessed with their phones.

crimsonman1245

*inb4haters*

oops too late...

Thats what you get when you use cheap chinese labor *I know microsoft and many others do as well* and trick people into repurchasing a phone over and over and over again with incremental upgrades yet still charging them near full retail price for the next upgrade.

Ridiculous figures, but when a crapload of people buy crazily overpriced products this is what happens.SaltyMeatballs

*inb4haters*

oops too late...

lbjkurono23

[QUOTE="quaappybla"]

And all those people with iphones/ipods/ipads and bought stuff are stuck bying other stuff from apple to keep using the stuff they bought.

AdmiralBison

The way their store is set up, when you buy stuff on it, say a movie or music or an app, it can only be used on apple devices. I guess i didnt make that quite clear, but you I made the mistake of buying a movie off itunes cause it was cheap. I can't watch it anywhere except my computer through itunes. Now many of the people who have bought an apple device have probably bought something for it, and now for them to continue using their purchases, they must continue using iDevices, which makes a massive built in market for apple. It's a good business that they have made, but it sure helps apple to continue making more and more money without much trouble.

Thats what you get when you use cheap chinese labor *I know microsoft and many others do as well* and trick people into repurchasing a phone over and over and over again with incremental upgrades yet still charging them near full retail price for the next upgrade.

WilliamRLBaker

Microsoft was close to that in their heyday in the early 90s. Apple is a force that will need to be taken seriously if competing against it, no crying about it is going to do much.AdmiralBison

MS still hold the record their market cap reached $600 Billion back in 1999 but if you consider the difference between the economy back then and now I guess what Apple did better than what MS did.

id buy that for a dollar

[QUOTE="AdobeArtist"]

[QUOTE="Idontremember"]

They should buy a country and name it icountry.

MrJack3690

They actually bought one of the States. it's now called iDaho :)

Didn't know Apple was already established in 1890. :P

id buy that for a dollar

wewantdoom4now

http://www.youtube.com/watch?v=85cL1HisrNc

LOL

[QUOTE="AdobeArtist"]

[QUOTE="Idontremember"]

They should buy a country and name it icountry.

CaptainAhab13

They actually bought one of the States. it's now called iDaho :)

So Apple is obviously doing well, and yet they can't be bothered with getting more publishers and developers aside from Valve and Blizzard to support OS X, huh?

a gimick is all you need to get your stock crash.

how do we bet if apple sell a bag of shat with the logo on it people will line up to buy

You can't criticize their business model.meetroid8

Not exactly criticizing, rather trying to state it is really easy for them to make more money, with minimal work as they have their built in audience that now won't want to leave. Makes it alot easier to get the huge numbers they have now.

apple products can suck my ass

Thats what you get when you use cheap chinese labor *I know microsoft and many others do as well* and trick people into repurchasing a phone over and over and over again with incremental upgrades yet still charging them near full retail price for the next upgrade.

WilliamRLBaker

[QUOTE="dontshackzmii"]

yet they use slave labour to make their products. Capitalism at its best right here folks!

Kashiwaba

Who doesnt use slave labour this days if someone should be blamed then its the Chinese government not Apple (I'm an apple (the company) hater)

Um no its not the communist partys fault. Apple can pay them more if they want to but they dont. Unless china forces them to they wont which means they are greedy.

Apple has become the next evil corporation.

I'm all for company profits...but having a $500 Billion net worth is just ridiculous.

I see no reason why they can't try out the console market. It's not like it'll be the end of the world for them if it fails.percech

It's not exactly it would hurt them if they failed.

cheap labor+overpriced products=massive profits.Moriarity_

Look! A Giant Overpriced Product! Use Cheap Labour For Massive Profits! :p

They should buy a country and name it icountry.

Idontremember

[QUOTE="Idontremember"]

They should buy a country and name it icountry.

HaloPimp978

That bus left a long time ago dude...plus yours sucked.

Thats what you get when you use cheap chinese labor *I know microsoft and many others do as well* and trick people into repurchasing a phone over and over and over again with incremental upgrades yet still charging them near full retail price for the next upgrade.

WilliamRLBaker

Precisely why I don't buy any of their products.

[QUOTE="Moriarity_"]cheap labor+overpriced products=massive profits.quaappybla

Look! A Giant Overpriced Product! Use Cheap Labour For Massive Profits! :p

they are a monopoly and they need to be stopped ZumaJones07

Those that are complaining about Apple using cheap labour and thus not supporting them because of it, please turn around and put your PS3, Xbox 360, Wii, 3DS, Vita, and various PC parts in the can and burn them.

Then, say it out loud; "I will not buy an products that produced by Foxconn or companies that treat their employees in the same way."

They should buy a country and name it icountry.

Idontremember

Apple has become the next evil corporation.

I'm all for company profits...but having a $500 Billion net worth is just ridiculous.

peterw007

Personally, I'm not a fan of their products. They're dumbed down quite a bit compared to their competition. But that's also the exact reason why they sell so well. They're aesthetically pleasing, well made, and they simply work. I can't tell you how much money MS basically handed over to Apple when they released Vista. I worked as a computer tech at a top business school and I had countless students/faculty tell me they were "done" with MS because of the nightmare that was Vista and were switching to Apple.