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.


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Pladizow's picture

What a Joke!

Oh please can I invest in US equities!

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

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)

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.

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.


Ethics Gradient's picture

You have an artist's touch.

youngman's picture

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

narnia's picture

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


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.


slaughterer's picture

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

John McCloy's picture

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

Gringo Viejo's picture

A Toy Maker. Somehow, appropriate.

Gringo Viejo's picture

Apologies to youngman; he snapped on it first.

youngman's picture

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

flattrader's picture

Not even good toys...icrap.

hedgeless_horseman's picture

Lieutenant Dan was a genius.

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!

Pladizow's picture

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

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


Simon Endean's picture

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

slaughterer's picture

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

Archimedes's picture

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

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?

duo's picture

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

hedgeless_horseman's picture

The free coffee table coaster company?

Spitzer's picture

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

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...

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



youngandhealthy's picture
"The Emperor's New Clothes"....Bigger than Exxon? silly


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

circusoflife's picture

Apple of "real world" same as Apple of metaphorical bible 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

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"

Hedgetard55's picture

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

Doyle Hargraves's picture

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

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.

Flakmeister's picture

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

John McCloy's picture

Annnndd Stock begin to pull a Peter Pan on actual volume

Long-John-Silver's picture

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

Dr. Engali's picture

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

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"



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...



Seasmoke's picture

Reggie is not going to like this !

monopoly's picture

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

Phillips Capital's picture

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

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.