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Apple is now the most valuable company in America
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besson3c
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Aug 10, 2011, 11:12 PM
 
     
turtle777
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Aug 10, 2011, 11:23 PM
 
That's clearly amazing. A couple of years back, nobody would have thought that could happen.

However, I think this will last for a while, and Exxon is going to get back on top.
Longer term, I don't see how Apple can maintain those margins. Exxon's valuation, on the other hand, will benefit from peak oil. Energy is going to be much more expansive and valuable than communications in the days to come.

-t
     
besson3c  (op)
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Aug 10, 2011, 11:33 PM
 
Originally Posted by turtle777 View Post
That's clearly amazing. A couple of years back, nobody would have thought that could happen.

However, I think this will last for a while, and Exxon is going to get back on top.
Longer term, I don't see how Apple can maintain those margins. Exxon's valuation, on the other hand, will benefit from peak oil. Energy is going to be much more expansive and valuable than communications in the days to come.

-t

On the other hand, Exxon has a finite number of products, where Apple's product line can expand as Apple is able to. There are rumors that Apple is going to become a Netflix competitor, for instance. If they pull off something like that, even if their sales in other areas slip a little bit they'll still have a great deal of forward momentum.

There are have been some indications that when oil prices climb, people drive less. Obviously many people absolutely require their cars, but there may be a point where Exxon maxes out their sales, and where a number of employers begin to allow their employees to work from home. In many cases I feel that the technology that would support this is underutilized.

I'm not necessarily disagreeing with you, just tossing out some random thoughts and variables.

It is surreal though, for somebody that grew up in the 90s.
     
Ghoser777
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Aug 10, 2011, 11:50 PM
 
Guess Netcraft was wrong.
     
turtle777
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Aug 11, 2011, 12:00 AM
 
Originally Posted by besson3c View Post
On the other hand, Exxon has a finite number of products, where Apple's product line can expand as Apple is able to.
That's exactly why I think Exxon (and other energy companies) will see huge market cap increases.
Because energy is finite, the price will go up much more.

Originally Posted by besson3c View Post
There are have been some indications that when oil prices climb, people drive less. Obviously many people absolutely require their cars, but there may be a point where Exxon maxes out their sales, and where a number of employers begin to allow their employees to work from home. In many cases I feel that the technology that would support this is underutilized.
Yes and no, there is a little bit of that, but generally, energy demand is quite inelastic.
The US might be able to reduce a little bit, but look at China, India, other developing nations. Their energy hunger (demand) grows faster than the Western world can reduce their usage. We are addicted to energy.

The long-term trend is clearly demand rising. Rising demand with limited supply = higher prices.

-t
     
besson3c  (op)
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Aug 11, 2011, 12:05 AM
 
We are definitely addicted to energy, but pardon my ignorant question: does Exxon refine oil for India and China?
     
lpkmckenna
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Aug 11, 2011, 12:24 AM
 
I think today we "smug Mac users" have a reason to be smug.
     
turtle777
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Aug 11, 2011, 12:39 AM
 
Originally Posted by besson3c View Post
We are definitely addicted to energy, but pardon my ignorant question: does Exxon refine oil for India and China?
Doesn't matter, there are world market prices for oil, no matter who buys from what individual company.

-t
     
angelmb
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Aug 11, 2011, 02:10 AM
 
Updated: At the end of regular trading Tuesday, Exxon was again the most valuable company. Apple’s market cap was $346.74 billion vs. Exxon’s $348.32 billion.
     
   
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