Apple Inc: The Most Valuable Company in the World?

Apple Inc.'s (NASDAQ) Steve Jobs (Young)

Apple Inc. (NASDAQ:AAPL) is almost the largest U.S. public company, just trailing Exxon Mobil (NYSE:XOM), and they are almost the largest tech company period by total sales.

( Skeptics have asked, fairly, why Apple Inc. (NASDAQ:AAPL) should have a larger market capitalization than Hewlett-Packard (NYSE:HPQ), Microsoft (NASDAQ:MSFT), and IBM (NYSE: IBM). The answer is that Apple’s growth is much faster and Jobs and his firm are about to reach a point at which the firm will be the No.1 technology company in the world in revenue. And Apple sells almost no products that cost over $4,000. Sponsors - Become one Today

Apple posted revenue for the last quarter of $20.3 billion. That figure was up 67% from the same period last year. Apple’s profit for the period was $4.3 billion, a 71% increase.

IBM reported earnings at the same time. Its revenue rose 3% to $24.3 billion. IBM’s profits rose from $3.2 billion in the same quarter last year to $3.6 billion in the most recent period.

bacHewlett-Packard, which describes itself as the largest tech company in the world by sales, had revenue of $30.7 billion in its quarter that ended on July 31, up 11.4%. Net income was only $1.8 billion.

Microsoft is still, by most measures, the most profitable of the large tech companies. It had net income of $4.5 billion in its quarter that ended June 30. That was on revenue of $16 billion.

Apple said it expects its revenue for the current quarter to be over $23 billion. Apple is known for issuing guidance which tends to be well below future results. But, based on the firm’s own forecast, its annual revenue-run-rate as of the end of the current period will be $95 billion. Its net income annual run rate will be $17.5 billion.

Read more: Apple About To Become The World’s Largest Tech Company By Total Sales - 24/7 Wall St.

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