Its members are the land of Apple DJIA even more investors than it has already done many portfolio funds invest automatically in these 30 companies. But the Dow is just another feather in Apple's cap. In recent years, the technology giant California-based Cupertino has generated billions of dollars of profit on the sale of the iPhone, iPad, Mac, iPod, and other products. Apple is now the most valuable company in the world with a market capitalization of $ 740.4 billon market. Exxon, the second most valuable company by market capitalization is about $ 360 billion.
Reported last quarter Apple ended on 27 December, was his best, as the company recorded $ 74.6 billion in revenue and a profit of 18 billion. It was, in fact, the best quarter in company profitability ever for any publicly traded company. Its success has been fueled by the popular iPhone line of the company, which raised 74.5 million units sold during the period, largely due to the popularity of Apple's latest phones, the iPhone and iOS 6 6 Plus.The DJIA was unveiled in 1896 by Charles H. Dow, and has since become the go-to metric for the performance of Wall Street. The S & P carefully selects each company to reflect the overall health of the overall stock market. About two-thirds of these companies provide industrial goods and services and consumption, but also include credit card companies American Express and Visa, conglomerate General Electric, mega-retailer Walmart and the technology giants Cisco Systems, Microsoft, IBM and Intel.While the S & P said it took Apple because of its leading position in the technology industry, it is, of course, a financial justification for the move. 7 Apple: 1 stock split last June gave investors more existing shares and reduced the share price at about $ 93 from $ 645 per share, which makes it more affordable for new stock investors. He also shared the Apple prices comparable to the rest of the DJIA. This is important because the extremely high price of stocks tend to distort the index, while the very low stock purchase prices have little impact."The Apple introduced the split share price down near the median price in the DJIA," Blitzer said.The S & P removed the AT & T because the Dow index was "overweight" in telecommunications, Blitzer, adding that AT & T and Verizon are similar. AT & T has an aggregate market value of $ 173.9 billion from $ 197.9 billion market capitalization Verizon, and is currently trading around $ 33.50 per share, among the lowest prices on the Dow .Apple shares rose about 1 percent to about $ 127.50 in early trading Friday. Shares of AT & T fell about 1.5 percent. Apple will host a media event on Monday, where he is expected to give more details about his new smartwatch and Mac.AT & T declined to comment on his expulsion from the DJIA. Apple did not immediately respond to a request for comment.