The computer maker is once again the world's most valuable company
As the Dow Jones industrial average plunged another 500-plus points Wednesday, Exxon Mobil (XOM) plunged more than Apple (AAPL) and once again gave up its long-held spot as the No. 1 public company in the world in terms of market capitalization.
When the closing bell rang, Apple closed on top for the first time. The tale of the tape looked like MORE
Philip Elmer-DeWitt - Aug 10, 2011 11:55 AM ET
Is the iPad really just a tablet or should it count as a notebook? And does the difference even really matter?
By Dan Mitchell, contributor
FORTUNE -- Much is being made of a research note from Deutsche Bank analyst Chris Whitmore that says Apple is the leading seller of notebook computers – if you consider the iPad to be a notebook computer that is.
Following the natural human propensity to take a hard MORE
Aug 10, 2011 10:50 AM ET
The new Kindle Cloud Reader paves the way for others to sidestep Apple's 30% tax
Note the restored Kindle Store button, top right.
Steve Jobs made no friends on Publishers Row last February.
After flying to New York City in early 2010 to sell book and magazine publishers on the wonders of the iPad as a reading device (see Enter Steve Jobs with top hat and iPad), he announced subscription rules a MORE
Philip Elmer-DeWitt - Aug 10, 2011 10:34 AM ET
Brayden Olson's Novel wants to turn the pre-job application and screening process into a video game.
By Josh Dawsey, contributor
FORTUNE -- At 12 years old, Brayden Olson was a self-described "virtual world nerd," playing an early version of Asheron's Call -- one of the world's first virtual world games.
"From then on, I knew exactly what I wanted to do," Olson said. Never mind that he didn't know what an entrepreneur was MORE
Aug 10, 2011 10:10 AM ET
Gadget-maker Vinci is about to start selling an iPad-like device aim squarely at infants -- and it's not cheap.
FORTUNE -- With over 25 million sold, Apple's iPad isn't just a hit with adult consumers but also with their kids. In fact, they often learn to tap, swipe and pinch their way around its slick user interface faster than their parents. But whether or not they ought to at such MORE
JP Mangalindan, Writer-Reporter - Aug 10, 2011 9:35 AM ET
Sterne Agee's Apple analyst sees lots of room for growth in PCs and mobile phones
In a note to clients issued Wednesday, Sterne Agee's Shaw Wu makes the case that Apple's (AAPL) shares, still down 8% from their recent highs, are a "compelling" buy. He offers four reasons:
"As much success as AAPL has had," he writes, "the company has only 4%-5% share in mobile phones and 4%-5% in PCs (12%-13% including MORE
Philip Elmer-DeWitt - Aug 10, 2011 7:56 AM ET
One of Apple's most serious challenges in the digital music market is giving up
"After eight years in business, the Walmart Music Downloads Store located at mp3.walmart.com will close on August 28, 2011. All content in the Store will be disabled and no longer available for download from the store."
So begins the certified letter sent to Walmart's (WMT) distribution and licensing partners and posted Tuesday by Digital Music News. The death MORE
Philip Elmer-DeWitt - Aug 10, 2011 7:18 AM ET
The company's market cap vied with Exxon Mobil's in see-saw trading Tuesday
Chart courtesy of ychart.com
The lead changed hands several times Tuesday as Exxon Mobil (XOM) recovered from early losses and Apple's (AAPL) gains leveled off. By 3:00 p.m, Apple's market capitalization (share price times number of shares outstanding) was more than $5 billion larger than Exxon's, according to Google Finance. As the closing bell approached, however, Exxon surged faster than MORE
Philip Elmer-DeWitt - Aug 9, 2011 2:01 PM ET
Apple granted an injunction barring distribution in all of the EU except The Netherlands
Verboten: Samsung's Galaxy Tab 10.1
A week after Samsung agreed out of court to postpone the launch of its Galaxy Tab 10.1 in Australia, the leading manufacturer of tablets running Google's (GOOG) Android operating system has suffered a second major setback.
A court in Germany Tuesday granted Apple (AAPL) a preliminary injunction barring distribution of the device in MORE
Philip Elmer-DeWitt - Aug 9, 2011 1:02 PM ET
Its P/E ratio hit 13.97 Monday, lower than at the depth of the 2008-2009 meltdown
Reader Travis Lewis points out that after Monday's $20.41 (5.8%) drop, Apple's (AAPL) price-to-earnings ratio has fallen below the low point set on Jan. 20, 2009 -- six days after Steve Jobs announced his second medical leave -- when the stock closed at $78.20.
To make the comparison, Lewis had to go back to Apple's non-adjusted earnings MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.89% |
| Ford Motor Co | 12.28 | -0.46 | -3.61% |
| Frontier Communicati... | 4.20 | -0.27 | -6.04% |
| Juniper Networks Inc... | 21.65 | -0.72 | -3.22% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.14 | -68.49 | -0.54% |
| Nasdaq | 2,813.49 | 8.21 | 0.29% |
| S&P 500 | 1,315.99 | -2.44 | -0.19% |
| Treasuries | 1.91 | -0.02 | -1.19% |
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