Can’t Cap the Apple; Let It Go, Barbie. There’s A New Disproportioned Blond In Town; Tiffany & Co.’s Luxe Earnings

In case you missed it…

Image courtesy of Ambro/FreeDigitalPhotos.net

Image courtesy of Ambro/FreeDigitalPhotos.net

Apple can breathe a sigh of relief now that it is officially king of the world. Sort of. The tech company has officially surpassed the $700 billion mark of its market capitalization meaning it is now the most valuable company in the world. Make that universe. ExxonMobil, on the other hand, is not-so-prominently perched at the number two spot.  What this all means is that Apple’s outstanding shares are worth way more than all of ExxonMobil’s outstanding shares – by $300 billion. To put it in perspective, a tech company whose gadgets many people do not even own, is more valuable than an energy company whose commodity is consumed constantly by nearly every single person on the planet. Sitting in third place is Microsoft, with Johnson & Johnson nipping at its heels in fourth.

Let It Go?

Image courtesy of digitalart/FreeDigitalPhotos.net

Image courtesy of digitalart/FreeDigitalPhotos.net

Could it be? Is Barbie’s rock star status taking a hit? According to the National Retail Federation, the original, plastic, disproportioned blond has been unseated by “Frozen.” Anna, Elsa and company have become the number one go-to gift this holiday season putting Barbie in second place. The survey has been conducted for the last eleven years and this is the very first time in the survey’s history that Barbie is not  provocatively posed at the number one spot. The whole “Frozen” phenomenon has thus generated about $1.3 billion in sales, globally. Good news for Disney, bad new for Mattel, the company behind Barbie. What’s even worse news for Mattel is the fact that in 2016, Hasbro picks up the license for the “Frozen” dolls. If you happen to be  wondering what the number one toy boys will be getting, look no further than the Lego aisle.

Little blue boxes…

Image courtesy of MR LIGHTMAN/FreeDigitalPhotos.net

Image courtesy of MR LIGHTMAN/FreeDigitalPhotos.net

Just as I chucked my Tiffany & Co. catalog into the recycling bin, the luxury retailer posted its third quarter earnings. Unlike myself, apparently, many of you are not only not chucking the catalog in the recycling bin, but you are actually going into the pricey retailer and plunking down major wads of money for its very expensive merchandise – just not so much for their cheaper silver lines, interestingly enough.  In fact, here in America, sales were up 10%. Which is especially good since Asia doesn’t seem to be sharing America’s enthusiasm for the luxe jeweler where sales there were down 12%. Revenue did rise 5.2% to $957 million and $0.76 per share. However, analysts were expecting the company to rake in $0.77 per share on $969 million. Maybe the holiday season will help add a little more brilliance to Tiffany & Co.’s fourth quarter.

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