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Amazon is now the USA's most valuable publicly-traded company by market value:
Amazon's ended trading Monday with a market value of about $797 billion, compared with Microsoft's $783 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $702 billion in market value after plunging last week on the news of its weak iPhone sales. Google parent company Alphabet has surpassed Apple with a market value of about $748 billion.
Previously: Microsoft Overtakes Amazon as Second Most Valuable U.S. Company
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Amazon Overtakes Microsoft and Apple in Market Value
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Could I have a drug overdose?
(Score: 2) by krishnoid on Tuesday January 08 2019, @08:11AM (7 children)
If you look at their price-to-earning ratios, though, Microsoft is 25-ish and Apple is 15-ish, meaning that their stock valuation is something like 15-25 times their yearly earnings. Amazon, on the other hand ... I'll let you google it. Frankly, I don't know how Amazon sustains a price like that.
(Score: 0) by Anonymous Coward on Tuesday January 08 2019, @08:16AM
https://www.investopedia.com/ask/answers/070214/how-can-pricetoearnings-pe-ratio-mislead-investors.asp [investopedia.com]
(Score: 0) by Anonymous Coward on Tuesday January 08 2019, @08:33AM (2 children)
Except that,
1. MSFT is growing via Azure and cloud. Apple not.
2. Apple relies on gadgets to end-users... market saturation?
3. Amazon, have you seen their growth? No sign of slowing down. Amazon is becoming *the* marketplace to buy things online. Even bigger with cloud business than MSFT.
So yeah, you can look at P/E ratios and think you know something, but in reality, P/E doesn't tell you that much. You can't compare Amazon with Apple on P/E ! Might as well compare a grapefruit to banana based on juice value, but grapefruits will always remain much more niche than bananas. There is money in the bananas!
(Score: 0) by Anonymous Coward on Tuesday January 08 2019, @03:24PM
It is true that it it might be hard to compare a decades old company (Apple, MS) with a relative new comer (Amazon) and expect that P/E should match.
The current heavies are bumping their heads on market saturation, while Amazon has room to grow.
(Score: 2) by fyngyrz on Tuesday January 08 2019, @08:14PM
Speaking as a person who has given Apple well into five figures for Macs, I'd be perfectly happy to give them more, too... if they went back to the Mac Pro case/system design ca. approximately 2012. Or better. Though I have trouble imagining what that would be like, because that system design was damn near perfect AFAIAC. Upgrade the motherboard, provide more slots (or bigger slots) for RAM, throw a few drivers in there for up to date graphics cards... oh yeah, I'll buy, and how.
I only stopped giving them money because the designers shit themselves and fell in it with that non-rackable, desk-wart-driven, non-internally-expandable round POS they tried to pass off as a professional bit of hardware. I was not taken in.
They have since said they were going to do better [buzzfeednews.com], but the silence since then has been pretty consistent.
They did come out with a better, though still unfortunately borked, Mac Mini that I almost wanted, except for the soldered-in SSD storage and absurdly difficult-to-access interior. So again, they missed getting me to hand them money.
It seems like they don't care much for the Mac users. That's okay. My 2010 12/24 core Mac Pro is still purring along nicely. Maybe I'll haul myself over to EBay and grab a 2012 version if they bork this again, or they simply make me wait too long.
My message to Apple is simply this: "If you bork it, they will stop coming."
--
If the earth was flat...
...cats would have pushed everything off it by now.
(Score: 2) by r1348 on Tuesday January 08 2019, @03:48PM
A high P/E in Amazon's case means a lot of R&D spending, it doesn't necessarily mean that their stock is overvalued, if you think they're investing in the right innovations.
(Score: 0) by Anonymous Coward on Tuesday January 08 2019, @03:49PM
Amazon finally has earnings?
(Score: 3, Interesting) by realDonaldTrump on Tuesday January 08 2019, @11:36PM
If Amazon ever had to pay fair taxes, its stock would crash and it would crumble like a paper bag. The Washington Post scam is saving it!