Mon Aug 20, 2012, 12:20 PM
onehandle (35,488 posts)
Apple sets record for company value at $621B (Becomes Most Valuable Company in History)
Source: AP
NEW YORK (AP) — Apple is the world's most valuable company, ever. On Monday, its surging stock propelled the company's value to $621 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom. Apple's stock has hit new highs recently because of optimism around what is believed to be the impending launch of the iPhone 5, and possibly a smaller, cheaper iPad. Apple Inc. has been the world's most valuable company since the end of last year. It's now worth 53 percent more than No. 2 Exxon Mobil Corp. Read more: http://news.yahoo.com/apple-sets-record-company-value-621b-160238616--finance.html
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30 replies, 2238 views
| Author | Time | Post | |
| onehandle | Aug 2012 | OP | |
| trotsky | Aug 2012 | #1 | |
| KamaAina | Aug 2012 | #2 | |
| onehandle | Aug 2012 | #3 | |
| ChromeFoundry | Aug 2012 | #4 | |
| onehandle | Aug 2012 | #6 | |
| ChromeFoundry | Aug 2012 | #8 | |
| onehandle | Aug 2012 | #10 | |
| ChromeFoundry | Aug 2012 | #14 | |
| onehandle | Aug 2012 | #15 | |
| ChromeFoundry | Aug 2012 | #16 | |
| azureblue | Aug 2012 | #18 | |
| ChromeFoundry | Aug 2012 | #19 | |
| dtmfman | Aug 2012 | #30 | |
| OhioChick | Aug 2012 | #5 | |
| onehandle | Aug 2012 | #7 | |
| FrodosPet | Aug 2012 | #22 | |
| wordpix | Aug 2012 | #23 | |
| wordpix | Aug 2012 | #27 | |
| Tikki | Aug 2012 | #9 | |
| DaveJ | Aug 2012 | #11 | |
| wordpix | Aug 2012 | #24 | |
| johnd83 | Aug 2012 | #12 | |
| DaveJ | Aug 2012 | #13 | |
| truthisfreedom | Aug 2012 | #17 | |
| wordpix | Aug 2012 | #25 | |
| Thrill | Aug 2012 | #20 | |
| wordpix | Aug 2012 | #26 | |
| Tx4obama | Aug 2012 | #21 | |
| 2ndAmForComputers | Aug 2012 | #28 | |
| dtmfman | Aug 2012 | #29 |
Response to onehandle (Original post)
Mon Aug 20, 2012, 12:23 PM
trotsky (33,013 posts)
1. Too big to fail?
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Response to onehandle (Original post)
Mon Aug 20, 2012, 12:24 PM
KamaAina (45,246 posts)
2. Yippee! We're rich!
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Oh, right, they launder their profits through something called Braeburn Capital (get it? It's a variety of apple, just like Macintosh!), which happens to be located in Reno. Purely coincidentally, Nevada happens not to have a state corporate income tax.
So California's share of this historic windfall is -- bupkis. Meanwhile, Gov. Brown has to go to the voters for additional sales and income taxes just to keep the schools open. |
Response to KamaAina (Reply #2)
Mon Aug 20, 2012, 12:29 PM
onehandle (35,488 posts)
3. I agree. The laws need to be changed. nt
Response to onehandle (Original post)
Mon Aug 20, 2012, 12:44 PM
ChromeFoundry (2,856 posts)
4. So can they thank Microsoft?
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Since, after all, it was Microsoft that bailed them out of bankruptcy in 1997 when Apple nearly went belly-up.
One evil empire helps another... everyone else loses. |
Response to ChromeFoundry (Reply #4)
Mon Aug 20, 2012, 12:49 PM
onehandle (35,488 posts)
6. Who lost? People love their iDevices and Macs. iPads are helping the elderly connect...
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...and improving classroom results. Apple is the most admired brand in the world.
Microsoft won, because the feds did not break them up. That's what keeping Apple afloat was all about. |
Response to onehandle (Reply #6)
Mon Aug 20, 2012, 01:03 PM
ChromeFoundry (2,856 posts)
8. You have to ask who lost?
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The people whom lost their life or no longer have quality of life because of the companies Apple contracts to build their products. The people that live in polluted areas thanks to the lack of environment friendly processes used to build these devices. You and your kids lose because Apple designs products that do not support having a lithium ion battery replaceable without voiding the warranty... so landfill is the supported option. How about Apple being named the 'Least Green' tech company in history.
The agreement was that Apple would drop the "look and feel" long standing lawsuit... It had nothing to do with the antitrust case the Feds and EU had against Microsoft. How would Apple dictate the outcome of a government probe especially when Apple and Steve Jobs were flat out broke? Microsoft further won because of the agreements Apple made with MS Office for Mac. |
Response to ChromeFoundry (Reply #8)
Mon Aug 20, 2012, 01:22 PM
onehandle (35,488 posts)
10. So much inaccurate and misleading bullshit there...
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Last edited Mon Aug 20, 2012, 01:31 PM USA/ET - Edit history (2) ...that I'm not going to even bother.
Seeya. |
Response to onehandle (Reply #10)
Mon Aug 20, 2012, 01:50 PM
ChromeFoundry (2,856 posts)
14. Because you still have your Apple iGlasses on...
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Here, let me help you:
The people whom lost their life or no longer have quality of life because of the companies Apple contracts to build their products.
Chinese workers urge Apple to act on n-hexane poisoning http://www.guardian.co.uk/world/2011/feb/22/chinese-workers-apple-nhexane-poisoning The people that live in polluted areas thanks to the lack of environment friendly processes used to build these devices.
Apple Cited as Adding to Pollution in China http://www.nytimes.com/2011/09/02/technology/apple-suppliers-causing-environmental-problems-chinese-group-says.html You and your kids lose because Apple designs products that do not support having a lithium ion battery replaceable without voiding the warranty... so landfill is the supported option.
Retina MacBook Pro 'least-repairable' notebook ever, says iFixit http://www.computerworld.com/s/article/9228070/Retina_MacBook_Pro_least_repairable_notebook_ever_says_iFixit How about Apple being named the 'Least Green' tech company in history.
Apple Named Least ‘Green’ Tech Company http://techland.time.com/2011/04/21/apple-named-least-green-company/ The agreement was that Apple would drop the "look and feel" long standing lawsuit... It had nothing to do with the antitrust case the Feds and EU had against Microsoft.
Aug. 6, 1997: Apple Rescued — by Microsoft http://www.wired.com/thisdayintech/2009/08/dayintech_0806/ How would Apple dictate the outcome of a government probe especially when Apple and Steve Jobs were flat out broke?
Apple was not ruler of the free world in 1997... You can Google or Bing this if you like (does Apple have a search engine yet?) Microsoft further won because of the agreements Apple made with MS Office for Mac.
This also included a five year agreement that Apple would ship Microsoft Internet Explorer for Mac as the Default Browser on MacOS and OSX. http://en.wikipedia.org/wiki/Internet_Explorer_for_Mac I'm not going to sit here name calling with you. I'm just stating the facts. If you want to sit there posting how awful Microsoft and Google are, the least you can be is fair when it comes to Apple. They are no different. If you like the functionality of your iDevice... great. I think the products are very functional. But Google and Microsoft make some terrific products too. There is good and bad with every technology company - plain and simple. You just paint Apple as this wonderful, innovative company that had a saint as a lead man. The fact is, it isn't and didn't. I'm not here to shit up your thread, just placing blame where it needs to be placed. |
Response to ChromeFoundry (Reply #14)
Mon Aug 20, 2012, 02:06 PM
onehandle (35,488 posts)
15. Yep. Same old misleading bullshit.
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Old links, most of which the situations have changed for the better.
A computer repair company whines about losing business? Boo-hoo. All Apple products can be returned to Apple for free recycling, in fact in many cases they will Pay You. Steve Jobs was broke? When? 'Timing mattered: The company was in the midst of an image-tarnishing antitrust fight over its heavy-handed promotion of IE during the height of the browser wars with Netscape.' - The feds were salivating over Apple dying, so that they could name Microsoft an official monopoly. Greenpeace has targeted Apple for using some electricity for their data services, as a PR stunt. Apple is building a 100% green power grid. Greenpeace wants to take credit for something that Apple is doing on their own. Apple's products are the greenest of all. Period. And as always, Google, Microsoft, Amazon, Samsung, Dell, Sony, HP... All of them use the Exact Same Factories in China. Want to be 100% Green? Go live with the Unabomber. |
Response to onehandle (Reply #15)
Mon Aug 20, 2012, 02:15 PM
ChromeFoundry (2,856 posts)
16. Thanks for the updated links...
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Last edited Mon Aug 20, 2012, 02:17 PM USA/ET - Edit history (1) Expressing the true facts...
Oh wait. Yeah the feds had SO much to gain by spending millions just to rip apart a company. It's just like arguing with a kid at Toys-R-Us. |
Response to onehandle (Reply #15)
Mon Aug 20, 2012, 05:45 PM
azureblue (524 posts)
18. more
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Office began as a Mac program
The reason MS loaned Apple the dough was what was essentially blackmail by Jobs: MS had stolen code from Quicktime, basically verbatim whole sections, and Jobs told Gates in so many words that Apple would not sue if Gates would loan Apple some money at a favorable interest rate. Gates had a track record of stealing code, copying programs, then releasing them as free, to put competitors out of business and increase MS's stranglehold on the market. Gates saw that Apple was floundering and thought he could steal QT and make it MS's own. Gates always let the companies he stole from sue MS, then use MS's money to protract litigation until the companies ran out of money. Not so with Apple and the looming monopoly investigation of MS. Gates did not account for Job's business savvy and clout. |
Response to azureblue (Reply #18)
Mon Aug 20, 2012, 09:46 PM
ChromeFoundry (2,856 posts)
19. Get your facts straight
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The San Francisco Canyon Company was contracted by Apple in 1992 to port QuickTime over to the Windows OS. Intel contracted the same company to improve performance of Video for Windows exclusively on the Intel platform. The original lawsuit was Apple Computer v. San Francisco Canyon Company filed in December of 1994. Apple expanded their lawsuit to also include Intel and Microsoft in February 1995... since Canyon wasn't a big enough fish. Apple was hoping for a settlement, and an influx of cash as their cash reserves were nearing depletion.
If Jobs had so much clout, why would they need Microsoft to agree to develop office for 5 more years (because they couldn't afford to rewrite Claris), develop an Internet Browser (because Cyberdog was a buggy piece of shit, and Netscape did not want to take on the investment) that also supported a Java virtual machine (because Sun refused to port JVM to the MacOS). Funny how you mentioned that Microsoft had a track record for stealing code. Apple OS X is a complete ripoff of BSD to the magnitude of tens of millions of lines of code. Apple ships with SAMBA, right, an SMB/CIFS port direct from the GPL world, to allow a Mac to talk to Windows file shares. When was the last time you saw a Windows or Unix box installed with Appletalk to gain access to an AFS? |
Response to onehandle (Reply #15)
Tue Aug 21, 2012, 08:54 AM
dtmfman (45 posts)
30. Breaking News: Surgeon General.....(parody)
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Dateline Washington, DC:
The Surgeon General has determined that even the touching an Apple product can have serious consequences such as a markedly reduced amount of money and becoming stupid. Story at 11. |
Response to onehandle (Original post)
Mon Aug 20, 2012, 12:48 PM
OhioChick (21,222 posts)
5. Give them more tax breaks, now!
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Apple also does not reveal how many of its employees are based in the United States. Apple and Pfizer are part of a coalition of companies pushing for Congress to give them a tax break on money they have parked overseas, saying that any money brought back to this country would spur hiring.
http://www.washingtonpost.com/business/economy/keeping-the-number-of-us-jobs-a-mystery/2011/08/08/gIQAFBA8UJ_gallery.html#photo=5 |
Response to OhioChick (Reply #5)
Mon Aug 20, 2012, 12:52 PM
onehandle (35,488 posts)
7. Yep. Laws should be changed. The lobbyist industry should be destroyed.
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Elections should be publicly funded.
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Response to onehandle (Reply #7)
Mon Aug 20, 2012, 09:59 PM
FrodosPet (1,027 posts)
22. Hail to the Yeah!
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I would start running for every office I could if I could concentrate on campaigning without fundraising and never had to worry about being outspent.
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Response to OhioChick (Reply #5)
Mon Aug 20, 2012, 10:02 PM
wordpix (12,478 posts)
23. oh no, Apple is doing a Romney
Response to OhioChick (Reply #5)
Mon Aug 20, 2012, 10:13 PM
wordpix (12,478 posts)
27. "pushing for Congress to give them a tax break on money they have parked overseas"
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If that doesn't say it all
My new phone will NOT be an iPhone. |
Response to onehandle (Original post)
Mon Aug 20, 2012, 01:16 PM
Tikki (9,613 posts)
9. I bought my first Apple computer a long time ago...
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I've owned four Apple computers in 25 years (two are still functioning).....just think if they were junk
like other brands I would have bought maybe three or four more in that time period. I'd say Apple reached this goal with built-in quality...that's something . Tikki |
Response to Tikki (Reply #9)
Mon Aug 20, 2012, 01:32 PM
DaveJ (4,934 posts)
11. Their trackpad design is pretty cool
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I do not like the Mac OS, so I'll never buy a Mac, but their hardware is amazing, and it is frustrating that nobody else comes even close to matching it. These things are just common sense that supposedly brilliant engineers and CEO's of computer companies lack.
I looked at a $1.1k PC laptop yesterday and there was no comparison. Just make a trackpad that works well... people are paying a thousands dollars and the hardware is still built shoddily. Some companies have lighter laptops, great, but when you try to open the lid with one hand, the whole laptop lifts off the table -- bad design. Everything decision Mac designers make is deliberate. It just amazes me that Apple designers are the only ones capable of common sense decisions. |
Response to DaveJ (Reply #11)
Mon Aug 20, 2012, 10:08 PM
wordpix (12,478 posts)
24. not sure if they've changed lately but friend has 2 yr. old Apple & the trackpad drives me nut
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You barely touch it to move the cursor, say, to the next line and suddenly you're off the page and onto some other part of the document where you don't want to be. I can't stand it, it's TOO sensitive, so sensitive it's squirrley.
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Response to onehandle (Original post)
Mon Aug 20, 2012, 01:33 PM
johnd83 (351 posts)
12. Meh.
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I had a Mac at work along side my Wintel. It crashed just as often and was actually harder to configure because everything was so hidden. I have had lots of friends break their iPhones dropping them. I've dropped my Droid at least 2 dozen times (on concrete) with no detrimental effects. The Apple thing is all hype in my opinion. They charge you a lot more for about the same thing.
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Response to johnd83 (Reply #12)
Mon Aug 20, 2012, 01:46 PM
DaveJ (4,934 posts)
13. I agree, their phones are nothing special. n/t
Response to johnd83 (Reply #12)
Mon Aug 20, 2012, 02:17 PM
truthisfreedom (17,678 posts)
17. Completely disagree with your viewpoint. Apple products rule.
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Which is why they're the most valuable company in the world.
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Response to johnd83 (Reply #12)
Mon Aug 20, 2012, 10:10 PM
wordpix (12,478 posts)
25. my friend's Mac also crashes as much as the average PC
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I bought a HP ProBook and it rarely crashes.
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Response to onehandle (Original post)
Mon Aug 20, 2012, 09:48 PM
Thrill (16,951 posts)
20. How about moving production
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Of that shit to the US?
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Response to Thrill (Reply #20)
Mon Aug 20, 2012, 10:11 PM
wordpix (12,478 posts)
26. are you kidding? The Chinese workers are cheap & all the toxins can just be tossed in the river or
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backyard.
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Response to onehandle (Original post)
Mon Aug 20, 2012, 09:55 PM
Tx4obama (28,965 posts)
21. Kick! n/t
Response to onehandle (Original post)
Mon Aug 20, 2012, 11:49 PM
2ndAmForComputers (3,309 posts)
28. This post is being made from something that is not an Apple product.
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Likewise for all the past and future ones.
Don't like it? Tough. |
Response to onehandle (Original post)
Tue Aug 21, 2012, 07:36 AM
dtmfman (45 posts)
29. apple is rotten....
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I personally can't believe that with the current price of their products...they can't be produced here in America...IMO..this is just another example of making good on slave labor....
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