Fixed it.
- Thread starter Cobster
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Apple now worth more than Google and Microsoft combined
By Neil Hughes
Published: 11:12 AM EST (08:12 AM PST)
Apple's stock soared to new heights on Thursday, pushing the company's market capitalization to $456 billion, a number that is greater than the values of rivals Google and Microsoft combined.
As of Thursday morning, Microsoft's market cap was around $256.7 billion, while Google was valued at around $198.9 billion. With Apple's stock up more than 3 percent in morning trading, the company surpassed the combined totals of both Google and Microsoft.
The milestone comes soon after Apple reported its best quarter ever, earning $13.06 billion on sales of 37 million iPhones, 15 million iPads and 5.2 million Macs. Total revenue for Apple's holiday quarter was $46.33 billion.
But Google's shares fell more than 9 percent last month after the company missed expectations on Wall Street for both earnings and revenue. And while Microsoft met Wall Street expectations, revenue from its Windows operating system fell 6 percent to $4.74 billion.
Apple's market capitalization passed Microsoft alone in May of 2010 when the iPhone maker's value hit around $222 billion. And last August was the first time that Apple passed Exxon to become the world's largest company by market cap, then with a value of $346.74 billion.
As of Thursday morning, Apple was well ahead of Exxon Mobil, which had a market cap of around $402 billion. That put Apple at a value of more than $50 billion more than the oil giant.
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.
Update: Fortune has posted a few comparative metrics to AAPL's valuation and finds that the company is now worth more than the gross domestic product of Sweden ($458 billion), all the gold in the Federal Reserve ($350 billion), and more than 2.5 Apollo space programs ($145-$170 billion apiece), among others.
By Neil Hughes
Published: 11:12 AM EST (08:12 AM PST)
Apple's stock soared to new heights on Thursday, pushing the company's market capitalization to $456 billion, a number that is greater than the values of rivals Google and Microsoft combined.
As of Thursday morning, Microsoft's market cap was around $256.7 billion, while Google was valued at around $198.9 billion. With Apple's stock up more than 3 percent in morning trading, the company surpassed the combined totals of both Google and Microsoft.
The milestone comes soon after Apple reported its best quarter ever, earning $13.06 billion on sales of 37 million iPhones, 15 million iPads and 5.2 million Macs. Total revenue for Apple's holiday quarter was $46.33 billion.
But Google's shares fell more than 9 percent last month after the company missed expectations on Wall Street for both earnings and revenue. And while Microsoft met Wall Street expectations, revenue from its Windows operating system fell 6 percent to $4.74 billion.
Apple's market capitalization passed Microsoft alone in May of 2010 when the iPhone maker's value hit around $222 billion. And last August was the first time that Apple passed Exxon to become the world's largest company by market cap, then with a value of $346.74 billion.
As of Thursday morning, Apple was well ahead of Exxon Mobil, which had a market cap of around $402 billion. That put Apple at a value of more than $50 billion more than the oil giant.
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.
Update: Fortune has posted a few comparative metrics to AAPL's valuation and finds that the company is now worth more than the gross domestic product of Sweden ($458 billion), all the gold in the Federal Reserve ($350 billion), and more than 2.5 Apollo space programs ($145-$170 billion apiece), among others.
Something YOU do better for Apple than EVERYONE else here bottie!!!
YOU ARE Apple's 'one trick pony'!......
LMAO!!!!
YOU ARE Apple's 'one trick pony'!......
Right on cue, the grandfather of the one note band here to support his mini-meLMAO!!!!
YOU ARE Apple's 'one trick pony'!......
LOL
OTB
LMAO!!!
Lately YOU have been trumping me in this bottie!!!
Must be all them 'Apple Salesmanship' courses you have been taking!....
