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Apple worth more than Google/Microsoft combined
#634032
02/09/12 10:11 PM
02/09/12 10:11 PM
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Joined: Apr 2009
Posts: 4,089 Brooklyn, New York
Dapper_Don
OP
Underboss
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OP
Underboss
Joined: Apr 2009
Posts: 4,089
Brooklyn, New York
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Apple, Inc. is on fire. The Cupertino-based company's stock soared past $490 per share on Thursday and is now hovering around $495. Shortly after 3 p.m. on Thursday, the company's market cap was valued at $461 billion, according to Google Finance. This makes Apple slightly bigger than both Microsoft and Google combined. Currently, Microsoft's market cap sits close to $258 billion, and Google's is $199 billion. Apple passed Microsoft in value back in May of 2010. At the time, the two companies were valued at $222 billion and $219 billion, respectively. Apple Insider, which first pointed out Apple's surging market cap, wrote, "With AAPL stock north of $490, some Wall Street analysts on Thursday began increasing their price targets for the iPhone maker. Charlie Wolf with Needham & Company upped his estimate from $540 to $620, while Mike Walkley with Canaccord Genuity raised his target on AAPL shares even higher, to $665."* Exxon Mobile, meanwhile, had a market cap of $402 billion. Apple pulled ahead of Exxon in value on January 25 to become the largest publicly traded U.S. company (in terms of market cap) and has remained ahead ever since. This milestone came just one day after Apple announced stunning results for the last three months of 2011. According to the company's earnings report, Apple's quarterly revenue was $46.33 billion, and its net profit was $13.06 billion for the quarter. The company's also reported that it currently had $97.6 billion cash on hand. A new rumor also hit the web on Thursday that Apple was planning to announce the third generation of its iPad tablet. AllThingsD's John Paczkowski first leaked the news. "Sources say the company has chosen the first week in March to debut the successor to the iPad 2, and will do so at one of its trademark special events," Paczkowski write. "The event will be held in San Francisco, presumably at the Yerba Buena Center for the Arts, Appleās preferred location for big announcements like these." http://www.huffingtonpost.com/2012/02/09/apple-market-cap-google-microsoft_n_1266101.html
Tommy Shots: They want me running the family, don't they know I have a young wife? Sal Vitale: (laughs) Tommy, jump in, the water's fine.
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Re: Apple worth more than Google/Microsoft combined
[Re: Dapper_Don]
#635955
02/21/12 05:51 PM
02/21/12 05:51 PM
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Joined: Nov 2011
Posts: 1,168
Frosty
BANNED
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BANNED
Underboss
Joined: Nov 2011
Posts: 1,168
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I saw a item a few days ago where a gent bought some stocks at 6 bucks a pop , let it go it is worth $50,000.00 . It sure would be sweet to be there at the right time. , and as far as people with spoons in baby's mouths when they are born ya right But what the hell ! Gates and mamma, ain't doing to bad ! If I was one of there kids I would be pissed , but maybe they are touched !
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Re: Apple worth more than Google/Microsoft combined
[Re: Hisenberg]
#641569
03/25/12 04:00 PM
03/25/12 04:00 PM
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Joined: Apr 2009
Posts: 4,089 Brooklyn, New York
Dapper_Don
OP
Underboss
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OP
Underboss
Joined: Apr 2009
Posts: 4,089
Brooklyn, New York
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If google was smart they would make more unique products instead of creating apple knockoffs They are just tapping into the market that apple created with their products and trying to at least give apple some competition, if they didnt then apple would just runaway be the only/best product in that sphere. I personally dont like Apple.
Last edited by Dapper_Don; 03/25/12 04:00 PM.
Tommy Shots: They want me running the family, don't they know I have a young wife? Sal Vitale: (laughs) Tommy, jump in, the water's fine.
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