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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)
First on AI: 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.
more
http://www.appleinsider.com/articles/12/02/09/apple_now_worth_more_than_google_and_microsoft_combined.html
thelordofhell
(4,569 posts)OhioChick
(23,218 posts)cthulu2016
(10,960 posts)the heat death of the universe.
(Factoring in the cost of money and other opportunity costs)
Response to cthulu2016 (Reply #2)
Tesha This message was self-deleted by its author.
joshcryer
(62,276 posts)They have only a few product lines that are immensely popular, and investors think that the bubble will burst eventually.
It will.
former9thward
(32,077 posts)When you back out Apple's cash (100 billion) it has a forward P/E of about 10. Average stock P/E is 14-15. I expect Apple to take out 650 by the end of the year.
qb
(5,924 posts)They have an authoritarian price-control system, and somehow they've convinced people it's worth paying double for Apple electronics.
Initech
(100,102 posts)Especially when I paid literally 1/2 the $1700 cost for my Toshiba - which has way better hardware including a dedicated GPU and blu-ray capabilities.
Response to Initech (Reply #6)
Tesha This message was self-deleted by its author.
onehandle
(51,122 posts)You need to come up with a new schtick.
Initech
(100,102 posts)Response to qb (Reply #3)
Tesha This message was self-deleted by its author.
qb
(5,924 posts)cliffordu
(30,994 posts)NYC_SKP
(68,644 posts)...well you get the picture!
cliffordu
(30,994 posts)Nice shoes...
REP
(21,691 posts)joshcryer
(62,276 posts)onehandle
(51,122 posts)...when it was announced.
Bill Gates' college roommate should have never been made CEO.
Gates should return, fire Ballmer, and save Microsoft.
REP
(21,691 posts)Yeah, me neither.
Nye Bevan
(25,406 posts)let alone kill the iPod or iPhone. What was that thing called? The zune? The chocolate?
Major Hogwash
(17,656 posts)"Yeah, me neither".
It's weird having these discussions after so many years, but someday everyone will realize that it isn't worth getting all hot and bothered about.
onehandle
(51,122 posts)REP
(21,691 posts)Old joke. Still funny.
Lizzie Poppet
(10,164 posts)I guess this sort of profitability is what happens when you price your products at the upper end of each's market niche, encourage a cultish level of customer loyalty...then relentlessly cut production costs with quasi-slave-labor and other dubious practices.
Fuck Apple.
Nye Bevan
(25,406 posts)You get "cultish customer loyalty" by making a good product.
Posted from my iPhone.
cliffordu
(30,994 posts)REP
(21,691 posts)onehandle
(51,122 posts)mmonk
(52,589 posts)Response to mmonk (Reply #11)
Tesha This message was self-deleted by its author.
The industry in general.
Nye Bevan
(25,406 posts)Apple deserves this.
Response to Nye Bevan (Reply #13)
Tesha This message was self-deleted by its author.
Brother Buzz
(36,463 posts)So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good!
Canuckistanian
(42,290 posts)And it's eventually going to implode into a black hole and suck all the life force out of iPhone users.
Art_from_Ark
(27,247 posts)and pundits were predicting a "merciful" death for the company.
joshcryer
(62,276 posts)Fucking despicable. I cannot believe anyone who deflected Apple's absolute hegemony and thought it made sense.
Pholus
(4,062 posts)And if they didn't, it's okay cause "everybody does it."
Darn Josh, I guess even DU regulars can have their moral blind spots.