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Apple Inc NASDAQ:AAPL reweighting in focus again.

Apple single handedly lifted markets on Wall St yesterday, while that is great for the company it has become such an influence that the NASDAQ numbers are now meaningless and the same can be said for the S&P.

Apple accounts for more than 4% of the broad Standard & Poor’s 500 index and is expected to account for 5.4% of its first-quarter profit. Without Apple, the S&P 500 this year would be up 9.2%, not 10.6%.

Apple is a giant contributor to the value of tech indexes. It’s 18% of the Nasdaq 100 index, for instance, which contains the 100 largest non-financial stocks in the Nasdaq composite. And it’s nearly 12% of the Nasdaq composite, giving Apple twice the weighting of No. 2 Microsoft.

While taking nothing away from the company, Apple’s index weight must be changed or we need Apple free numbers that reflect the real market.

Highlights from Apple in the last few weeks.

• Apple Reports Record March Quarter Sales of iPhone, iPad, and Mac

  April 24, 2012

  Apple today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.” Read more: apple.com/pr

• Final Cut Pro X In Action

  April 11, 2012

  Professional video editors around the world have moved to Final Cut Pro X to create faster and more flexible workflows. New York-based production house @radical.media is flipping its entire facility to Final Cut Pro X to tackle high-profile client projects. Hollywood’s Electric Entertainment is using Final Cut Pro X to cut episodes for the new season of its hit TV show “Leverage.” And accomplished editor Knut Hake used the software to edit new episodes of “Danni Lowinski,” one of Germany’s most popular and critically acclaimed TV shows. Read more: apple.com/finalcutpro

• New FileMaker 12 Software Line Released Today

  April 4, 2012

  FileMaker, Inc. today announced the release of the FileMaker 12 database software line — including FileMaker Pro 12, FileMaker Go 12, and FileMaker Server 12 — which offers powerful new ways to create custom database apps for iPad, iPhone, Mac, Windows, and the web. New professionally designed themes and the ability to customize every detail make it easy to create databases for managing contacts, projects, digital content, and more. All FileMaker 12 products are available starting today. Read more: filemaker.com

• Lowe’s Uses iPhone to Put Power In Hands of Employees and Customers

  March 29, 2012

  At Lowe’s stores around the country, iPhone is changing customer service for the better. Using custom iPhone apps, store employees have key product information on hand, so they can check pricing, inventory, and location of items within the store, anytime, from their iPhones. And the free consumer app features how-to videos, prices and reviews, store locations, and gift card balances. “iPhone, iPad, and the iOS platform are enterprise solutions that we can build on for the future,” says Lowe’s Executive Vice President and CIO Mike Brown. Read more: apple.com/iphone/business/profiles/lowes/

• Climbing Everest with iPad and iPhone

  March 21, 2012

  National Geographic magazine reports that ski-mountaineer Hilaree O’Neill — a member of its 2012 Everest expedition — will follow the same route Edmund Hillary and Tenzing Norgay did in 1953, but with an iPad and iPhone in her backpack. iPad gives O’Neill a journaling device with a solid-state data storage drive usable at altitudes where spinning hard disk drives have been known to fail. And with cell service available even on Everest’s summit, she’ll use an iPhone 4S to stay in touch instead of a cumbersome walkie-talkie. Read more: adventure.nationalgeographic.com

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Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service

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