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Apple Passes Microsoft to Become Second-Largest U.S. Company by Market Capitalization

Discussion in 'Wireless News' started by viewfly, May 30, 2010.

  1. viewfly

    viewfly Mobile RF Advisor
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    From Apple passes Microsoft in Market Capitalization



    In the less-than-three months since Apple first passed Wal-Mart to hold the third highest market capitalization among U.S. companies, Apple's stock price has continued to increase while second-place Microsoft has seen its shares drift downward. The combination of events has quickly closed the gap between the two companies, and today Apple finally surpassed Microsoft in market capitalization for the first time, although second-by-second fluctuations currently see the two companies frequently swapping positions.

    Market capitalization is a popular metric for assessing the size of a company as a representation of the investing public's notion of the company's worth. The figure is derived by simply multiplying the number of outstanding shares of the company's stock by the share price.

    Exxon Mobile 282 Billion $
    Apple 228.56 Billion $
    Microsoft 228.12 Billion $

    In the case of Apple, slightly over 900 million shares outstanding times over $250 per share yields a market capitalization of about $228 billion. Microsoft, meanwhile, has a share price of only slightly over $26.00 but over 8.75 billion shares outstanding, giving it a nearly equal market capitalization to Apple.

    With Apple and Microsoft now neck-and-neck, only Exxon Mobil's $282 billion market capitalization remains significantly ahead of Apple's among U.S. companies. Exxon Mobil's shares have dropped significantly over the past month, brining its market capitalization down from a high of over $325 billion.
     
    #1 viewfly, May 30, 2010
  2. SteveW

    SteveW Battery mgmt is my life
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    Wirelessly posted (T-Mobile G1: Mozilla/5.0 (Linux; U; Android 1.6; en-us; T-Mobile G1 Build/DMD64) AppleWebKit/528.5+ (KHTML, like Gecko) Version/3.1.2 Mobile Safari/525.20.1)

    It is amazing that Apple is now bigger than Microsoft, bigger than Walmart, bigger than IBM, bigger than HP. Analysts are explaining it as the dominance of the consumer. Since Apple has transformed itself into a consumer electronics company, not just a computer company, it has reaped the benefits. Of course, this analysis ignores the fact that Apple, through innovation, vision and tough negotiation, has:

    - transformed the entire music business, along with music players.
    - raised the bar for all cell phones and changed how phone manufacturers and carriers interact.
    - used clever marketing, along with innovation, to keep its computers (particularly notebooks) relevant.
    - continued to set the standard for user experience in everything it does, including music players, phones, notebook and desktop computers.
    - used its network of company stores to enhance its brand in a way that many other computer and electronics companies have tried, and failed to do (see Gateway, Nokia, even Sony).


    SW
     
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    #2 SteveW, May 30, 2010
    Last edited: May 30, 2010
  3. M in LA

    M in LA Mobile 28 Years Plus
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    Re: Apple Passes Microsoft to Become Second-Largest U.S. Company by Market Capitaliza

    Apple smartly diversified, not relying solely on computers. They scored with the iPod (of which I have one of), the iPhone, and the iPad. Not bad at all.

    It seems to me Microsoft's played catch-up only with the MP3 player. Even at that, the Zune barely competes with the iPod. I expect better of Microsoft than this (not like they care).

    I know there are a lot of Apple haters out there who won't like this news. Regardless of feelings toward Apple, they've done a great job with the products they have. They speak and the tech world takes notice. They certainly are doing something right.

    Congrats Apple. Please don't turn into Microsoft by getting a monster ego from this. You know how karma is...
     
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    #3 M in LA, May 30, 2010
  4. strunke

    strunke .:|Always Covered|:.
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    I kind of think they are already turning into MS with the not caring. I mean take the reported specs on the 4g iPhone. Not much of an improvement. I could be wrong though....
     
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    #4 strunke, May 31, 2010
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