Posted on 03/06/2015 6:59:17 AM PST by SeekAndFind
Apple Inc. will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc., in the first reshuffling since September 2013.
Apple holds a market capitalization of about US$736 billion, making it the largest publicly traded company in the world. AT&T, by contrast, has a market value of US$176.5 billion.
Shares of Apple were higher in early trading, gaining 1.3% to US$128.02, while AT&T’s shares fell 1.3% to US$33.55.
The changes will push the number of technology-related companies in the 30-member gauge to six and boost their influence even more as the tech giant joins Microsoft Corp., Intel Corp., International Business Machines Corp., Cisco Systems Inc. and Visa Inc.
AT&T is being kicked out after falling 4.5% in 2014. The changes will take effect with the start of trading on March 19.
(Excerpt) Read more at business.financialpost.com ...
I find it interesting that the Quartz chart doesn't even show Apple accurately. Apple hit a high market cap of $769 Billion but that graph shows less than $700 Billion.
The actual calculation from that date to today is less. About $840 Billion. . . and that was at the peak of the dot com bubble which GE was riding too.
Quoting from the article ... “After recording the biggest quarterly profit by any company ever ...”
A quote from my post ... “... the most successful company in the history of business ...”
I would say that’s pretty well proven ... :-) ...
By that measure, monetary inflation makes companies more “successful.
You better be talking to all those news agencies ... they wrote the articles ... :-) ...
You're right. The people that repeat the lies even after they recognize the logical fallacy of the premise must be held blameless. Because Apple.
You’re welcome to use ANY COMPANY today, that made more than Apple in today’s money. That way, since everyone is compared to “today’s money” ... It will be equal footing.
I don’t think these news agencies will be able to find anyone ... either ... in today’s money ... LOL ...
Good luck hunting ... :-) ...
Well, that's mighty generous of you, considering that I should be welcome to use "any company ever", since that's what's being claimed.
if you think there is another company more successful ... then use the equal dollars of today and supply that company ... :-) ...
No, you’re still reading from an article, which is written by someone who didn’t put things into proper perspective.
I gave you the facts, in proper perspective. The facts I gave you can’t be disputed, no matter what opinion you have, or some other write has in another article.
Your proof is very faulty, and frankly, a lie.
If you’ve got a problem with the referenced articles ... get a job and wrIte some of your own articles ... LOL ...
BTW, you mention the dot.com bubble, which brought down many tech and internet related companies. Apple is a huge bubble, bigger than any in history. The Apple bubble will burst, and bring down many others with them.
Pay attention. It's already admitted on this thread that Microsoft was worth more in 1999, adjusted for inflation.
No, I’ve got no problems with the articles. I have a problem with the errors in the articles, which fail to put things in proper perspective. Don’t you want the truth, even when it doesn’t agree with your expectations and preferred set of ‘facts’?
Your the one that has a problem with “unequal dollars” ... so use equal dollars for today, because everyone is on an equal plane, today ... no fiddling needed ... and find the company that made more.
I don’t listen to nobodies, like you, here, but to referenced articles and those that are not from whackos.
So, you call me a ‘nobody’, but, that has to be because, you want to remain in denial about the facts. You remind me of liberals.
You remind me of the APPLE-HATER CULT here on Free Republic.
Wasn't too hard. Microsoft, 1999 - 840 Billion in todays dollars.
It doesn’t work for today’s dollars and today’s companies ... today everyone is on an equal footing so there no question.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.