Lead: Foreign media wrote today that although Apple's market value has surpassed Exxon Mobil, its enterprise value is still significantly lower than Exxon Mobil. Moreover, because Exxon Mobil operates in the oil industry, which plays a much larger role in the global economy compared to Apple.
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Admitting the realization of algid, Xbox Live 12 Monate Card, but Wall Street is very focused on some of the superficial appearances. Apple replacing Exxon Mobil as the world’s best company by market value absolutely reflects this.
Headline figures can be somewhat misleading. They do not represent the market value minus debt itself, nor do they mean cash. Moreover, Exxon Mobil’s enterprise value as of Wednesday is still up to $337 billion, still far higher than Apple’s $261 billion. Therefore, ExxonMobil’s overall business is still more valuable.
It is suggested that changes in market value indicate a certain measure, with people being accustomed to lounging on the sofa with an iPad. However, this idea is equally exaggerated. Whether you believe it or not, without the iPad, the global economy can operate as usual. But life without energy is not possible. If there is no energy, the iPad, live punkt, is just a shiny paperweight.
Although Apple has become the equivalent of adaptable Exxon Mobil, when compared to the state-owned oil company Saudi Aramco (Saudi Aramco), Exxon Mobil’s oil production and reserves are still dwarfs. Michael Levy (Michael Levi) from the U.S. Council on Foreign Relations stated that if Exxon Mobil’s oil reserves and oil prices per barrel indicators were used to calculate the market value of Saudi Aramco, it would reach about $4 trillion. Compared with the entire energy market, Exxon Mobil is just a little man.
Apple's success does not undermine its value in terms of industry achievements. Exxon Mobil’s predecessor faced the same situation decades ago with Standard Oil (Standard Oil). Apple has also created new markets. Excellent growth prospects and high profits, along with huge cash reserves, make Apple particularly adorable in such a predicament at this moment.
A decade ago, Microsoft also enjoyed the same admiration and even had a market value higher than Exxon Mobil. But things have changed; Microsoft's market value is now 40% lower than Apple's. This serves as a wake-up call for current trends. It also brings a wide range of positive signals not mentioned before: the U.S. economy has the ability to repair itself. (Pot)
Exxon Mobil regained the position of the world's largest market value on Thursday, surpassing Apple, which officially stood above Exxon Mobil in market value as the world’s largest enterprise.