Apple now Silicon Valley's most valuable company
TweetFollow Us on Twitter

Apple now Silicon Valley's most valuable company


Apple has bumped Google out of first place as Silicon Valley's most valuable company. With the total value of its publicly traded stock at US$224 billion, up 107% from a year ago, Apple now has a market capitalization greater than all but two companies in the U.S, Exxon Mobil and Microsoft, reports the "Silicon Valley Mercury News" (http://www.mercurynews.com/science/ci_14900422?source=rss&nclick_check=1).

Last year, amid the worst recession in decades, the company recorded a 39% ncrease in profit to $9.4 billion. That was the highest profit earned by any company in the SV150, according to the "Mercury News." Apple's revenue grew 20% percent to $46.7 billion, returning the company to its standing as Silicon Valley's second-largest by revenue, a ranking it hasn't held for 23 years.

The "Mercury News" says that last year, one of every five dollars Apple took in was profit, giving it a profit margin three times that of Hewlett-Packard, the valley's revenue leader. Much of Apple's profit came from the iPhone, now its best-selling product, garnering $15.7 billion in sales last year, the article adds.

Last month Apple became the third largest company in America by market cap, overtaking Wal-Mart for the number three position.  At $236.86 the market cap of Apple is roughly US$214.75 billion, compared to Wal-Mart at $55.95 with a $212.9 billion market cap.

 
AAPL
$132.54
Apple Inc.
+1.15
GOOG
$540.11
Google Inc.
-2.40
MSFT
$46.90
Microsoft Corporation
-0.52
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Auroch Digital is Bringing Back Games Wo...
| Read more »
Carbo - Handwriting in the Digital Age...
Carbo - Handwriting in the Digital Age 1.0 Device: iOS Universal Category: Productivity Price: $3.99, Version: 1.0 (iTunes) Description: | Read more »
Draggy Dead (Games)
Draggy Dead 1.1 Device: iOS Universal Category: Games Price: $.99, Version: 1.1 (iTunes) Description: Ditch your dead end job and take up a rewarding career in Grave Robbing today!Guide the recently deceased to a fun filled life of Meat eating mayhem, be careful of the many traps and enemy's | Read more »
Bad Dinos (Games)
Bad Dinos 1.0.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.0 (iTunes) Description: | Read more »
The Apple Watch isn't Great as a Fi...
| Read more »
Show the World What You See With Stre.am...
Live broadcasting is getting popular on mobile devices, which is why you can now get Stre.am, by Infinite Takes. [Read more] | Read more »
PhotoTime's 2.1 Update Adds Apple W...
The latest PhotoTime update is adding even more functionality to the handy photo organizing app. Yep, including Apple Watch support. [Read more] | Read more »
Oh My Glob! Adventure Time Puzzle Quest...
Finn and Jake are taking over D3 Go!'s popular puzzle game series in the upcoming Adventure Time Puzzle Quest. [Read more] | Read more »
Earthcore: Shattered Elements - Tips, Tr...
At first glance, Earthcore: Shattered Elements seems like a rather simple card-battling game. Once you’re introduced to skills that will change quite a bit. Even more so once you start to acquire hero cards. But it’s not so complicated that we couldn’t put together a beginner’s guide for all you Earthcore neophytes. [Read more] | Read more »
Dungeon999F (Games)
Dungeon999F 1.33 Device: iOS Universal Category: Games Price: $.99, Version: 1.33 (iTunes) Description: "The game you must play at least once in your life!" "The game with potential of million downloads globally!" ...is what the developer wants to hear, and the hope that was put into making this game. | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.