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Samsung loses $26 billion of market value after Note 7 recall
Samsung was having a great year, thanks to the S7 and S7 Edge, enticing investors to toss their money into the pool. Unfortunately, the rest of 2016 hasn't been going according to Samsung's forecast. The Korean chaebol has lost a whopping $26 billion (with a B) of its market value since it announced the Galaxy Note 7 recall, according to financial data provider Factset. Its shares apparently dropped 6.9 percent between the Korean Exchange's close on Friday (September 9th) and Monday, and its stock is currently priced at a bit above $1,300. That's the lowest it's been in months, although as you can see in the graph below the fold, the company has recovered a bit since yesterday.
Nintendo loses billions in value after 'Pokemon Go' truth bomb
Pokemon Go is an unprecedented success, but Nintendo recently admitted it won't directly profit from the augmented reality game, leading to a loss of $6.7 billion in Nintendo's market value on Monday. Nintendo's market value rose by $7.5 billion on July 11th, just after Pokemon Go went public and became an instant, massive hit across the globe. Since its launch, Pokemon Go has added nearly $12 billion to Nintendo's market value, meaning today's dip, while sizable, isn't a total disaster for the company.
Will Apple hit a $1 trillion market valuation?
A maelstrom of headlines hit the internet yesterday claiming Apple was the most valuable company in history now that its market cap hit $622 billion. While this may not be true once you adjust Microsoft's 1999 record-setting value of $618.9 billion for inflation, the bigger question we should be asking is whether Apple will climb past $1 trillion. According to a report in AppleInsider, analyst Brian White of Topeka Capital Markets believes Apple is only at the beginning of its climb and will march its way upward to surpass the $1 trillion mark. He points to Apple's upcoming product launches and notes that the company has a lot of room to grow in its current markets. White points to recent IDC estimates, showing that Apple only controls 4.7 percent of the PC market and 64.4 percent of the mobile phone market. Based on these observations, Topeka Capital Markets is sticking with its 12-month price target of $1,111.00 for Apple's stock (AAPL).
AAPL flirts with $600 today
Apple's stock soared on Wednesday and now it is poised to cross the US$600 mark. As noted by CNN Money, the stock hit $600 once and has fallen back down to $598 at the writing of this post. As The Wall Street Journal points out it took Apple 34 trading days to jump from $400 to $500 and a mere 23 days from $500 to $600. With strong iPad sales expected tomorrow, it's highly likely the price will go over $600 and stay there sometime today. This threshold will push Apple's market value even higher. It's currently sitting at the $556 billion mark which, according to a report in Wall Street Pit, is just below the 2011 GDP for Saudi Arabia. [Via CNN Money]
Apple stock soars, market value close to entire retail sector
If you haven't noticed, Apple's stock was soaring today. It closed at US$589.58, another all-time high, and is up +21.48 for the day. As financial analysts pour over these numbers, they are discovering some amazing trivia about this off-the-charts growth. Morgan Stanley's Katy Huberty may have kicked off this climb when, as Philip Elmer-DeWitt of Apple 2.0 notes, she revised her previous 12-month price target from $515 to $720 (base case) and to a mind-boggling $960 on the bullish side. Apple's stock has gone up 40 percent since last October 14 ($422) when the iPhone 4S launched. Up 68 percent this year alone. Tyler Durden of ZeroHedge points out Apple's market value is almost equal to the market value of the entire US retail sector combined. Asymco also chimed in and noted that "Apple's market value today increased by more than one Nokia, nearly three $RIMM's or a bit less than one Sony." MacDailyNews also points out that Apple's market value ($548.95 B) is now double that of Microsoft ($274.42 B). To see how far Apple has come, Apple went public on December 12, 1980 at $22.00 per share. It's lowest market value was $630.9 million (stock price of $1.375) on July 8 1982. With the new iPad launch only two days away, I have a feeling this is only the beginning of a momentous climb for Apple.
Apple's value is more than Microsoft and Intel combined
Apple's market cap is now greater than Microsoft and Intel combined. When the market closed on Friday, Microsoft had a market cap of US$201.59 billion and Intel had a cap of $115.21 billion. Combined, they have a market cap of $316.8 billion which is just below the $317.60 billion of Apple. This may the first time Apple has exceeded the powerful Wintel platform. As MacDailNews points out, no one can forget what Bill Gates said about Steve Jobs in an unpublished 1998 interview conducted by Robert X. Cringely for Vanity Fair. Then the CEO of Microsoft, Gates wondered, "What I can't figure out is why he (Steve Jobs) is even trying (to be the CEO of Apple)? He knows he can't win." At that point, Microsoft was trading at $29 and had a market cap of $250 billion. Apple was down to a lowly $7.25 and had a market cap of $6 billion. Steve Jobs had resumed the helm as CEO of Apple and was looking to turn things around. I'd say he has been successful, wouldn't you?
HTC's market capitalization reaches $33.8b, overshadows Nokia and RIM
Nokia once said that going with Android was like "peeing in your pants" for temporary warmth. Well, even if that warmth doesn't last forever, it has now helped one of its upstart competitors, HTC, to rise beyond Nokia in terms of market valuation. This is a somewhat beguiling metric to compare companies by -- market cap measures the value of a company's shares available on the market, and not every company has the same proportion of its overall value available in stocks -- but it illustrates well the diametrically opposite directions in which the two mobile phone makers are moving. Bloomberg informs us that HTC's stock has risen by 33 percent this year, while Nokia's has shrunk by 19 percent. Surpassing Nokia now means HTC is the world's third most valuable smartphone maker. Of course, neither Nokia nor RIM is sitting idly by and letting the Taiwanese whippersnapper have things its own way, however both companies' roadmaps for re-conquering the smartphone high-end seem to stretch far off into the 2012 distance. As for HTC, we expect it to launch another Sensation of a device on Tuesday.
Apple market value exceeds Google's
Digital Daily, part of the Wall Street Journal's All Things Digital site, is reporting that Apple's market value is now greater than that of Google. The current market capitalization of Apple is US$159.37 billion, squeaking by Google's market cap of US$157.56 billion. Next in Apple's sights ought to be the old man on the block, IBM. Their current market value is around US$170 billion. It may take a while for Apple to catch up with Microsoft, though -- at the present time MSFT is worth about US$255 billion.What's your take on when Apple will overtake IBM? I'm betting on April 1st, 2009.Financial information from Forbes.com
Apple's value is now quadruple Dell's
There's no love lost between Steve Jobs and Dell founder Michael Dell. Back in 1997, when Michael was CEO of Dell, he famously told a group of IT big wigs, ""What would I do [if I were in charge of Apple]? I'd shut it down and give the money back to the shareholders."Oh, Michael. That's the kind of statement that waits in a corner for years, thinking, "I'm going to bite him in the backside ... hard."The time has come. Earlier today, Apple rose $6.05 (3.48%) in NASDAQ trading, closing at $180.00. Compared to Dell's standing, Apple's market value of $158.66 billion is now four times Dell's $38.97 billion.Only a year ago, we were excited that Apple had doubled Dell's value. Here's to the next twelve months.
Nintendo market value tops 10 trillion yen
Not that it comes as much of a surprise, but Nintendo's growing market value doesn't seem to be showing any signs of letting up, with the company now crossing the 10 trillion yen mark (or roughly $85 billion). That magic number now makes Nintendo Japan's third biggest company (up from fifth place just a few months ago), with only Toyota and Mitsubishi edging it out for first and second place, respectively. As Reuters points out, the new value is nearly triple what the company was worth before it launched the Wii late last year (although the DS no doubt had a fair bit to do with that as well), and a fivefold increase over what it was worth two years ago. [Via TG Daily]
Nintendo's market value hits 10 trillion yen [update 1]
Investopedia defines "market value" as "The market capitalization plus the market value of debt. Sometimes referred to as 'total market value'". (They define "market capitalization" as "The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.") Whatever market value is, Nintendo's got a big old chunk of it. After their stock rose 5.7 percent today, they've hit a company high at over 10 trillion yen ($85 billion), up 3.7 trillion yen from just four months ago. To put that in layman's terms, "holy crap." Nintendo's market value has seen "a fivefold increase in the past two years." We're not market analysts or anything, but that seems really huge and really fast. This DS thing may turn out okay for Nintendo after all.Update: Sorry, we had a bit of a problem with some of the text there. Balance has been brought back to the universe.[Via GamesIndustry.biz]
Boost in earnings makes Nintendo Japan's fifth-biggest company
It looks like the folks at Nintendo HQ have cause to bake a celebratory Wii cake, as Reuters reports that the company is now Japan's fifth-biggest in terms of market value after word of solid earnings performance pushed shares higher in trading today. According to Reuters, the company's market value now stands at ¥8.69 trillion (or about $72 billion), which places it ahead of both NTT and Honda Motor Co. The jump, of course, is largely due to demand for the Wii and Nintendo DS, which has also caused the company to up its operating profit forecast by a hefty 37 percent to ¥370 billion ($3.1 billion) for the year to March 2008. Unsurprisingly, Nintendo doesn't see that demand letting up anytime soon either, with it now saying it expects to sell 16.5 million Wiis in the current business year, along with 26 million DSs -- both numbers of which are 18 percent higher than previous forecasts by the company.
Nintendo enjoys brief spell above Sony in market value
So apparently Nintendo's skyrocketing stock price has done more than just make former chairman Hiroshi Yamauchi the third richest person in Japan, it's also, naturally, done wonders for the company's market value. Today in Japan Nintendo briefly broke into the top 10 most valuable companies in the country, bumping Sony down to number 11 for a few sweet (for Nintendo) moments. And we're not talking SCE here, we're talking about the whole consumer electronics juggernaut that is Sony, taking a mild beating from a games only manufacturer. By the end of the day, Sony had returned to its former spot on the chart, and analysts are starting to express caution in regards to Nintendo's stock, since they think much of the company's future growth has already been factored in. We'll have to wait and see if Nintendo can keep Wii sales as brisk going into this holiday season, there sure isn't any end in sight for the DS.
Nintendo officially bigger than Sony in Japan
After months of outselling Sony hardware in both North America and Japan, Nintendo has edged past the electronics giant in the one area that really matters to gamers: market capitalization! Reuters reports that Nintendo's Japanese shares have quadrupled in the past four years to a total value of 6.54 trillion yen ($52.76 billion), just ahead of Sony's 6.5 trillion yen ($52.44 billion) [update: fixed typo] market cap. That's a massive 0.6 percent lead!Before you trade in all those classic Pokémon cartridges for Nintendo stock, be aware that this sector of market is prone to swings. "This is one of those companies that is not exactly making daily necessities. One negative factor and shares could take a dive," Mizuho Securities analyst Takeshi Koyama told Reuters. And don't disregard Sony just because they're technically slightly smaller -- despite their troubles, Sony Corp. stock has risen 67 percent in the last two years, ten percent ahead of the the Nikkei average.Previously: Nintendo closing gap on Sony's market value
Apple market value higher than Dells
At least it was for a bit. MacDailyNews reports that, as of 2pm today, Apple's market value is $ 60,599,382,920 whilst Dell's is a paltry $ 60,014,811,000. Check out the number here. I think it is clear what must be done. Dell should close shop, sell everything, and give that money back to its stockholders.
