In a recent valuation, Apple has been crowned the most valuable company on the planet, and second place wasn’t even close. After its stock hit a record high recently, Apple was valued at $700 billion. That’s $300 billion more than the runner-up, Exxon Mobile. It’s hard to wrap your head around these kinds of numbers, but imagine the enormity that is Google. Even with that kind of influence, Google is still worth only half as much as Apple. When CEO, Tim Cook, took the company’s reins from the late Steve Jobs, many were in doubt as to whether the…
-
-
Aswath Damodaran, NYU’s Legendary Valuation Expert, Recently Argues that there’s a 90% Chance Apple is Undervalued. Here’s Why. This comes in the wake of Apple shares’ breathtaking plunge from recent highs. (That’s be about $700 in September to $425 or so today.) In a new blog post, Sam Ro at Business Insider reports that Damodaran thinks that management can learn a few things from the recent market volatility, and he offers some advice. Here are his four tips verbatim (emphasis courtesy of Business Insider’s Sam Ro: Build up credibility with investors: The company has to regain credibility with investors. Apple…