Canadian TV, Computing and Home Theatre Forums banner

Apple Now World's Largest Tech Company

3251 Views 29 Replies 14 Participants Last post by  Dr.Dave
Apple's market capitalization hit $222 billion on Wednesday, leaving it ahead of rival Microsoft as the largest technology company in the world when the closing bell rang on Wall Street.

The dethroning of Microsoft now makes Apple -- for now -- the second largest American company, behind only Exxon-Mobil. Apple has a ways to go to catch the oil giant, which has a market capitalization of nearly $280 billion

While market cap is but a single metric, it's an interesting factoid all the same...
1 - 2 of 30 Posts
All I can say is, wow!

A company given up for dead in the late 90's. I wonder what Michael Dell is thinking now?

from Oct 1997

And at the Gartner Symposium and ITxpo97 here today, the CEO of competitor Dell Computer added his voice to the chorus when asked what could be done to fix the Mac maker. His solution was a drastic one.

"What would I do? I'd shut it down and give the money back to the shareholders," Michael Dell said before a crowd of several thousand IT executives.

Dell's comments follow Steve Jobs's keynote address at the Seybold trade show last week in San Francisco, where the Apple cofounder seemed to win over attendees with his explanation of why he had made certain key decisions, killing the clone market and aligning more closely with Microsoft. The Seybold crowd--as well as some Apple employees--also seemed to be buoyed by the increasing role Jobs has taken on at the company as board member and interim CEO.

But others, like Dell, appear to think that Jobs's expanded role isn't helping. There is some concern that Apple will have a hard time recruiting a top-notch CEO because of Jobs's presence.

Others fear that Apple could end up completely in Microsoft's camp by deciding to use the NT operating system on its servers. Apple is reportedly planning to come out with network computers that would require high-end servers to function.
stock value may be the absolute worst way to value a company.
How can stock price not be the best way to value a company?

A house, a car, a company etc are only worth what people are prepared to pay for it.

Sure short term conditions can appear to make a stock over or under valued, however, if you could spot when a stock was over or under valued, you'd be the richest person in the universe.
1 - 2 of 30 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.