This past week was a monumental time for Apple Inc. (NASDAQ: AAPL) and its shareholders. Despite chatter that the highly anticipated iPhone 6 could face delays, Apple shares hit a new, adjusted all-time high. Recall that the split-adjusted price would have to hit $100.72 to beat the old $705 price from September of 2012. With a close of $101.32 and a whopping $606.7 billion market cap and this price puts the market valuation now puts Apple at worth more than General Electric Co. (NYSE: GE) and Wal-Mart Stores Inc. (NYSE: WMT) combined — with an extra $100 billion in market cap to boot!
GE is the top conglomerate, outside of Berkshire Hathaway, and Walmart is the world’s largest retailer. Apple made more than GE and Walmart combined in net income last year, despite sales expectations being less than half of Walmart and only about 20% higher than GE. Apple’s employee headcount is one-sixth that of GE and one-40th that of Walmart. All three companies have comparable forward price-to-earnings (P/E ratios). Apple dominates these others in cash and cash equivalents.
And the best part? Apple is by FAR the best of these stocks to own over the next year.
GE is the top conglomerate, outside of Berkshire Hathaway, and Walmart is the world’s largest retailer. Apple made more than GE and Walmart combined in net income last year, despite sales expectations being less than half of Walmart and only about 20% higher than GE. Apple’s employee headcount is one-sixth that of GE and one-40th that of Walmart. All three companies have comparable forward price-to-earnings (P/E ratios). Apple dominates these others in cash and cash equivalents.
And the best part? Apple is by FAR the best of these stocks to own over the next year.
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