Apple Is The World’s Most Valuable Company, EVER!
This week, Apple became the most valuable company of all time. That's right - all time. Now for the numbers.
The stock recently hit $660 per share, pushing Apple’s market capitalization past $620 billion. The previous historical record high for the most valuable company of all time belonged to Microsoft, whose market value topped out at $616.3 billion in December 1999. Now, 13 years later, Apple holds that honor.
Apple’s market valuation is also more than $200 billion greater than Exxon Mobil – the second most valuable company right now clocking in at $405 billion. Microsoft, Wal-Mart and IBM round out the top five. All at least a hundred billion dollars less in valuation than Exxon Mobile.
More importantly, with Apple hitting the all time high point for all global companies, Wall Street analysts are suggesting that Apple’s stock may hit $1,000 and its market capitalization top $1 trillion. (Note: to be worth $1 Trillion, Apple's stock would have to hit $1072 per share).
Why is Apple so valuable. A few reasons:
- We live in a mobile society where everyone is connected (4.6 billion mobile customers)
- Apple has the largest and most valuable mobile ecosystem (developers, customers, partners)
- People LOVE Apple -- it provides an amazing experience (just walk into one of their stores)
It is clear that Exxon Mobile offers something of value – oil, gas and other fuels for transportation and consumption. But Apple offers the energy of our times – communication, collaboration and commerce – all in a mobile format.
The lesson for all leaders regardless of your industry – deliver an amazing experience to your customers, do it using today's mobile format (including cars), with products everyone wants to share (social) and be a part of the network. There's no time to lose.