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Meet America's New Largest Publicly Traded Company (If Only For A Few Minutes)

Tyler Durden's picture




 

Today we passed a historic milestone in which a company making niche fad products for the modern version of the Borg collective just surpassed in market cap a company extracting and processing the most valuable product for the modern industrial economy. We doubt this will be sustained (at some point Americans will be forced to pay their mortgages, probably after the TARP 2 rescue of Bank of America), but in the meantime, and for those collecting "first ever" charts, here is Apple trading above XOM in market cap, making it the largest publicly traded company in the US.

AAPL vs XOM:

 

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Tue, 08/09/2011 - 13:48 | 1543143 trav7777
trav7777's picture

Fruit, bitchez

Tue, 08/09/2011 - 13:53 | 1543169 Pladizow
Pladizow's picture

What a Joke!

Oh please can I invest in US equities!

Tue, 08/09/2011 - 14:15 | 1543246 Zero Govt
Zero Govt's picture

the best run company in America by faaaaaaaaaaaaaar

uber-reliable bug free technology, the consumate execution of an ultra-smart business plan, walked over the biggest names in global technology with an ease that's fìuking embarrasing to Sony, Gates & Bulmer and Gooble, and delivering 'Wow' to delighted consumers with every product

Fucking brilliant company, the shit hole of corporate criminals America has become doesn't deserve such a class act amongst it

Tue, 08/09/2011 - 15:51 | 1543612 Buckaroo Banzai
Buckaroo Banzai's picture

Yeah too bad they outsource their manufacturing to FOXCONN, where the employees want to kill themselves because they are so miserable.

Kind of ruins the "user experience" for your iPad, doesn't it? Assuming you have a conscience, at least.

(Answer to Question you are now asking: yes, I own an iPad)

Tue, 08/09/2011 - 18:22 | 1544279 Zero Govt
Zero Govt's picture

If someone wants to top themselves over their job or alternatively leave their job and keep their life, what choice would you take?

Answers on a Postcard to: Zero Guilt, Dept for Lifes Big Decisions, PO Box GFU, China.

Tue, 08/09/2011 - 21:10 | 1544832 Alpha Monkey
Alpha Monkey's picture

I wonder how easy it is for a chinese person to just quit thier "job" (assuming they aren't any form of indentured servitude) and find another, while trying to maintain personal integrity and demand fair treatment from employers.  I wonder what the chinese government would do to people trying to stand up for themselves and demand some better workers rights...

It's ok, I realize your understanding has the depth of a postcard.  The sooner america falls, the sooner you will realize why zero government is not the answer.  But, I guess it's like they say, people get the government they deserve.  God bless americans and their shortsighted individualistic unbridled greed.

 

Tue, 08/09/2011 - 16:52 | 1543914 Ethics Gradient
Ethics Gradient's picture

You have an artist's touch.

Tue, 08/09/2011 - 18:16 | 1544269 Zero Govt
Zero Govt's picture

Cheers

Tue, 08/09/2011 - 13:48 | 1543144 youngman
youngman's picture

Actually this is the NEW NORMAL.....a toy maker leading the USA...kind of says something doesn´t it???

Tue, 08/09/2011 - 14:10 | 1543236 narnia
narnia's picture

more than a few whaling companies were more valuable than standard oil in 1870.

 

Tue, 08/09/2011 - 14:14 | 1543260 Sudden Debt
Sudden Debt's picture

I still believe in the Ipads as a work tool but I also think it's at the top of it's life cycle. So Apply will yet again need to come up with a new product to justify this kind of market cap.

And for the Iphone the life cycle is already going down as android are becomming a pretty well known alternative.

The androids also start to exist with dual processors and it's cheaper and easier to make apps which was the main advantage of Apple.

After newyear when their sales will peak, it will be time to short it.

 

Tue, 08/09/2011 - 13:49 | 1543147 slaughterer
slaughterer's picture

AAPL shareholders knew this day would come: it was only a matter of time before AAPL would beat out XOM.  

Tue, 08/09/2011 - 13:49 | 1543149 John McCloy
John McCloy's picture

That should be quite the commentary on what illusion money printing America represents..an land of consumers and consumers only.

Tue, 08/09/2011 - 13:50 | 1543152 Gringo Viejo
Gringo Viejo's picture

A Toy Maker. Somehow, appropriate.

Tue, 08/09/2011 - 13:51 | 1543156 Gringo Viejo
Gringo Viejo's picture

Apologies to youngman; he snapped on it first.

Tue, 08/09/2011 - 13:57 | 1543187 youngman
youngman's picture

No apologies needed....you could also say they are a religion too......the biggest church in the world..the users worship the company

Tue, 08/09/2011 - 13:57 | 1543188 flattrader
flattrader's picture

Not even good toys...icrap.

Tue, 08/09/2011 - 13:50 | 1543153 hedgeless_horseman
hedgeless_horseman's picture

Lieutenant Dan was a genius.

Tue, 08/09/2011 - 13:53 | 1543164 More_sellers_th...
More_sellers_than_buyers's picture

+1

Tue, 08/09/2011 - 13:55 | 1543155 TruthInSunshine
TruthInSunshine's picture

William Dudley has insisted that iPad3 be put on the FDA Food pyramid.

It's going to be vitamin enriched.

In other news, The Bernank is putting on a magic show in his alchemy lab in about 25 minutes, whereby he is dazzling all by making the credibility of fractional reserve banking completely disappear.

He will then proceed to rip the fur off a rabbit and tell his audience he made that disappear, also.

QE to infinity, and beyond!

Tue, 08/09/2011 - 13:55 | 1543181 Pladizow
Pladizow's picture

Food stamp recipients will be able to lick it for the required nutrients.

Tue, 08/09/2011 - 14:00 | 1543195 TruthInSunshine
TruthInSunshine's picture

SNAP cards can be used at Whole Foods, now, though.

Shit's getting real. Even at Whole Foods, brah.

Whole Foods Parking Lot

 

Tue, 08/09/2011 - 16:12 | 1543704 Simon Endean
Simon Endean's picture

Lovely - filmed in the Whole Foods parking lot about 1 mile from me. 

Tue, 08/09/2011 - 13:53 | 1543161 slaughterer
slaughterer's picture

Ok, lets turn off the circuit breakers, issue the disappointing Fed news, and turn on the HFTs

Tue, 08/09/2011 - 13:53 | 1543163 Archimedes
Archimedes's picture

Meanwhile the rally is melting into the Chairstains minutes. Do the Algos sense disappointment?

Tue, 08/09/2011 - 13:53 | 1543165 citta vritti
citta vritti's picture

actually, the chart shows XOM at 341.904 BN and AAPL at 341.392 BN, but the point is well taken nonetheless. Remember when Intel alone was worth more than some ridiculous number of S&P 500 companies?

Tue, 08/09/2011 - 13:55 | 1543177 duo
duo's picture

Remember when AOL was worth more than all the publishers and airlines combined?

Tue, 08/09/2011 - 14:01 | 1543193 hedgeless_horseman
hedgeless_horseman's picture

The free coffee table coaster company?

Tue, 08/09/2011 - 14:02 | 1543207 Spitzer
Spitzer's picture

The market cap of the entire sector of gold stocks (producers only) is about $234 billion.

Tue, 08/09/2011 - 13:54 | 1543170 Internet Tough Guy
Internet Tough Guy's picture

I think Momofade killed himself when gold soared and FOSL crashed. Either that or died from  puking up too much blood. LOL...

Tue, 08/09/2011 - 13:54 | 1543171 PicassoInActions
PicassoInActions's picture

While i don't like Joibs, lets give credits where they belong. Apple did a good job in the last 3-5 years

 

 

Tue, 08/09/2011 - 13:57 | 1543172 youngandhealthy
youngandhealthy's picture
"The Emperor's New Clothes"....Bigger than Exxon? silly

 

You just got "Steved"...people in the bussines know what it means.

Tue, 08/09/2011 - 13:55 | 1543173 circusoflife
circusoflife's picture

Apple of "real world" same as Apple of metaphorical bible story...in reality not an Apple - probably a fig, but hey how many people  know / care about that.

 

Apple - representative of eating from TREE OF LIFE

Apple - representative of eating from the SILLY CON tech tree

Tue, 08/09/2011 - 13:56 | 1543174 gangland
gangland's picture

 

smut tech

"Regrettably, it's true, standards have fallen in smart phones. It's video, Dude. Now that we're competing with the amateurs, we can't afford to invest that little extra in quality, production-value, design... People forget that the brain is the biggest erogenous zone"

Tue, 08/09/2011 - 13:55 | 1543178 Hedgetard55
Hedgetard55's picture

Market fading. Did they get the word from BB? No QE?

Tue, 08/09/2011 - 13:55 | 1543180 Doyle Hargraves
Doyle Hargraves's picture

An AAPL a day keeps...well,nevermind!

Tue, 08/09/2011 - 14:00 | 1543183 Spitzer
Spitzer's picture

The market cap of the entire sector of gold stocks (producers only) is about $234 billion.

So 234 billion represents all the known minable gold on this planet.

Tue, 08/09/2011 - 14:16 | 1543264 Flakmeister
Flakmeister's picture

It is all about the assumed discount rate....

Tue, 08/09/2011 - 13:56 | 1543184 John McCloy
John McCloy's picture

Annnndd Stock begin to pull a Peter Pan on actual volume

Tue, 08/09/2011 - 13:57 | 1543186 Long-John-Silver
Long-John-Silver's picture

I put my I-pad in the gas tank but the engine failed to consume it and run.

Tue, 08/09/2011 - 14:01 | 1543202 Doyle Hargraves
Doyle Hargraves's picture

You used the wrong apple man!

Tue, 08/09/2011 - 14:11 | 1543244 gangland
gangland's picture

 

you should get a HUMANCENTIPAD™.

http://tinypic.com/view.php?pic=2ldvwba&s=7

 

Tue, 08/09/2011 - 13:59 | 1543190 Dr. Engali
Dr. Engali's picture

Hmmmmm...probably won't be going private any time soon.

Tue, 08/09/2011 - 14:00 | 1543198 JuicedGamma
JuicedGamma's picture

Cisco was here?

Tue, 08/09/2011 - 14:00 | 1543200 weltvermesser
weltvermesser's picture

1637: a tulib bulb costs more than a central amsterdam mansion

1989: estimated value of imperial palace of japan higher than state of california

2011:  Apple marketcap surpasses EXXON mobil.

 

...well you know how it`s gonne end...i`m short APPL now. stopp @400Toilett-Paper $

you never know when the crazyness ends. especially in the so called "new normal"

 

ASK WHY ASSHOLE

Tue, 08/09/2011 - 14:02 | 1543206 Sophist Economicus
Sophist Economicus's picture

Since when is improving human communication - one of man's most basic needs, 'gimmicky'?    I guess we could go back to erecting thirty foot towers and have sentries on top to light fires as a means of communication....

 

If we are going needs based to judge market cap, then I guess Evian, Roberts Oxygen and McCann pumps should take top billing above XOM...

 

Geez...

Tue, 08/09/2011 - 14:04 | 1543216 Seasmoke
Seasmoke's picture

Reggie is not going to like this !

Tue, 08/09/2011 - 14:04 | 1543220 monopoly
monopoly's picture

Yup, lets go shopping., Amazing. Love AAPL products and have been using them for years, but this is ridiculous.

Tue, 08/09/2011 - 15:25 | 1543507 Phillips Capital
Phillips Capital's picture

Decompression trade?? short aapl long xom? it would take a lot of balls, but...  

Tue, 08/09/2011 - 15:30 | 1543525 Scalaris
Scalaris's picture

The only rational choice left is now for Apple to start designing oil rigs. Can you say sexiest looking oil rigs ever? In case of oil spills they can give 1kg of iPads for every bbl spilled. You are welcome world.

Tue, 08/09/2011 - 16:17 | 1543715 Alexander Supertramp
Alexander Supertramp's picture

Oh darn -- Dow Closes Up 4% to Reclaim 11,000+

Get over it, Durden and Rosie.  Let you own lives suck, but spare us the drama please.

"The faultfinder will find faults even in paradise." —Henry David Thoreau

 

Tue, 08/09/2011 - 17:04 | 1543977 gangland
gangland's picture

^^^^^ pathetic LMAOOOOOOOOOOOOOOOOOOO

Wed, 08/10/2011 - 02:44 | 1545343 pq7
pq7's picture

Maybe it's time to short Apple versus the market?

http://mjaniec.blogspot.com/2011/08/shorting-apple-against-market.html

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