Apple worth over $300 billion
By James • Jan 5th, 2011 • Category: Industry News
- Photo: Apple
How do you go from the brink of collapse, where all signs were pointing to your company going completely bankrupt, to turning fortune around and become one of the most valuable companies in the world? I have no idea, but Steve Jobs and the team of people who have been working at Apple over the last 13 years may have some answers. The house Steve and Steve built has just crossed a massive milestone, seeing Apple market cap exceed $300 billion. Seriously, there’s only one company in the world that is more valuable than Apple right now.
Spectacular growth
For those not in the know, market cap is the number of outstanding shares a company has, multiplied by the value of each share. Apple has rallied over the last three years, generating unbelievable revenue and profit off the back of meteoric iPhone sales. All of this culminated in the Cupertino giant overtaking Microsoft’s market value, to become the world’s most valuable technology company, second only to oil giant Exxon Mobil.
And while the gap between Apple market cap and Exxon‘s had decreased to $50 billion this past October, that gap has increased again to $73 billion off the back of the strong oil price.
iPad, iPhone, Macbooks
Apple’s meteoric growth is based on its dual position as a major software company, and the world’s most celebrated industrial design company, too. iTunes has propelled Apple to becoming the number one retailer of music in the world. But Apple’s strategy with iTunes was to use it as a delivery vehicle for its world-renowned iPod.
Apple growth has been built on this strategy, while expanding iTunes to applications and video content and adding the iPhone and iPad to the iPod on the hardware front. And all of this discounts the ever-popular Macbook and iMac range of computers, too. In 2011, it will be all eyes on Apple market cap and Apple growth, too, given how fast the company has risen to prominence.
Tags for this article: apple, macbook, iPhone








