"Strictly speaking, Apple is the most valuable publicly held company by market capitalisation. There's a long list of state-owned oil companies ahead of it."
THANK YOU. I'm so tired of hearing people equate market capitalisation with corporate valuation. Apple doesn't get that money. They got what the share offering raked in and nothing more. The rest is just people paying each other for things based on (mis-)perceived value.
Biting the hand that feeds IT
