Apple Worth More Than $100 Billion

MacRumors · May 30, 2007, 02:36 PM

Apple, Inc's worth climbed to above $100 billion today in heavy trading. The company is now worth approximately double rival computer maker Dell's market cap ($59.4 billion), but still trails behemoth Microsoft by a hefty margin, whose worth sits at $294.94 billion.

Note that Dell does not compete in as many areas as Apple, and Microsoft competes in more, which helps explain some of the disparity.

AppleInsider attributes part of the surge of Apple's stock price to recent bullish forecasts by some financial analysts, who have raised the 'BUY' price of Apple's stock to $150. Perhaps also contributing to the surge were announcements today of iTunes 7.2 with DRM-free songs.

Peace · May 30, 2007, 02:39 PM

I'd say buy too because I think something's coming out of left field today or tomorrow from the AllThings Digital conference.

oscuh · May 30, 2007, 02:41 PM

why oh why didn't I but AAPL a year or so ago ...

AliensAreFuzzy · May 30, 2007, 02:47 PM

It's amazing how AAPL has risen nearly 18 fold in the past 4 years. I really wish I would have invested some money back then.

failsafe1 · May 30, 2007, 02:49 PM

I am laughing now remembering how much I wanted to buy stock with it was in the low double digits and couldn't find enough cash to make it worthwhile. At least I make myself feel better knowing I should have.

jk8311 · May 30, 2007, 02:53 PM

Quote:

Originally Posted by failsafe1

I am laughing now remembering how much I wanted to buy stock with it was in the low double digits and couldn't find enough cash to make it worthwhile. At least I make myself feel better knowing I should have.

Options make it worthwhile when you think you have so little that investing in stock won't make a difference...still worthwhile now, though I'd wait for the next rumor to fall through and the stock will dip a bit allowing for an opportunity to buy options on the (relatively) cheap.

-Joe

Jim Campbell · May 31, 2007, 11:58 AM

Quote:

Originally Posted by failsafe1

I am laughing now remembering how much I wanted to buy stock with it was in the low double digits and couldn't find enough cash to make it worthwhile. At least I make myself feel better knowing I should have.

Back in the first half of the 90s, I made a move into graphic design which got me out of a totally soul-destroying job. Essentially, Apple saved my sanity and I genuinely felt that I ought to buy some stock to acknowledge that fact, and show some support for a company that had made a significant difference to my life.

Unfortunately, I was really strapped for cash and and couldn't scrape together the requiste $14 per share.

Bah!

Jim

zombitronic · May 30, 2007, 02:51 PM

True, it would've been sweet to get some stock even a year ago, but it's not too late to invest. Our little Apple is growing up, and quickly.

I suggest thinkorswim.com. Great rates.

nxent · May 30, 2007, 04:08 PM

Quote:

Originally Posted by oscuh

why oh why didn't I but AAPL a year or so ago ...

a year ago? more like 3 or 4 years ago... just when the ipod started picking up steam...

SciTeach · May 30, 2007, 08:55 PM

Quote:

Originally Posted by nxent

a year ago? more like 3 or 4 years ago... just when the ipod started picking up steam...

Agreed...AAPL was at a low of around $13 about a month before they released the iPod and iTunes.

What we know now..

longofest · May 30, 2007, 09:24 PM

Quote:

Originally Posted by SciTeach

Agreed...AAPL was at a low of around $13 about a month before they released the iPod and iTunes.

What we know now..

reverse those two :-) iTunes before iPod. iTunes 1 didn't even support iPod. I believe iTunes 2 was the first to offer iPod support.

I remember using iTunes 1 with my Creative Nomad...

winmacguy · Jun 1, 2007, 01:05 AM

Quote:

Originally Posted by oscuh

why oh why didn't I but AAPL a year or so ago ...

Bought in @ $72

although I had been watching the price since it was around $24 or so. I would have bought earlier but I didn't know that I could by US stocks

cie est la vie

(such is life)

scu · Jul 20, 2007, 06:19 PM

I just wanted to remind everyone that aapl closed at a record $143.75 today.

IJ Reilly · Jul 20, 2007, 06:44 PM

One record high after another. What a bore.

twoodcc · May 30, 2007, 03:36 PM

Quote:

Originally Posted by Peace

I'd say buy too because I think something's coming out of left field today or tomorrow from the AllThings Digital conference.

i sure hope something comes....something big too

bdj21ya · May 30, 2007, 03:42 PM

I'm pleased. I just wish I had the balls to sink more savings into AAPL. Oh well.

SiliconAddict · May 30, 2007, 03:15 PM

Worth is relative. Apple's stock has been over inflated for a while now.

Eraserhead · 04:36 PM

Quote:

Originally Posted by SiliconAddict

Worth is relative. Apple's stock has been over inflated for a while now.

I'm not convinced it's over-inflated Apple's doing very well with it's retail stores, they make twice the profit of Tiffany (high end jewellery store) per square foot, which is incredible. And their margins are 30% (vs 15% in the rest of the industry) which means people clearly think their products are a lot better than other electronics manufacturers if they are prepared to pay the premium.

Legolamb · May 30, 2007, 03:17 PM

I don't know.
Microsoft has a market cap of 295.52 B and is now trading at 30.90; Google is capped at 154.88 B and trades at 496. It really depends on whether the board is envisioning a Google or Microsoft/Dell/Intel etc. model.
I almost sold some of my Apple yesterday and decided not to, so today is a good day. Who really knows for sure?

rdowns · 04:26 PM

Quote:

The company is now worth approximately double rival computer maker Dell's market cap ($59.4 billion )

"What would I do? I'd shut it down and give the money back to the shareholders,"

PlaceofDis · May 30, 2007, 03:22 PM

definitely good news. hopefully they won't crash after the iPhone is released, hopefully it just helps things even more.

erockerboy · May 30, 2007, 04:55 PM

Quote:

Originally Posted by rdowns

"What would I do? I'd shut it down and give the money back to the shareholders,"

Tee hee! That Michael Dell... such a card!

macEfan · Jul 21, 2007, 09:52 PM

Quote:

Originally Posted by rdowns

"What would I do? I'd shut it down and give the money back to the shareholders,"

hehehe oh how that brought back memories

I should have bought some apple stock back then! Amazing how apple turned around from crappy CEOs back to Steve Jobs!

VoodooDaddy · May 30, 2007, 03:21 PM

Quote:

Apple, Inc's worth climbed to above $100 billion today in heavy trading...but still trails behemoth Microsoft by a hefty margin, whose worth sits at $294.94 billion.

I know absolutely nothing about the stock market, but I think its interesting that Apple is worth 1/3 as much as MS, but still only has 5% or so of the computer market. (granted they have 70%+ give or take of the mp3 market)

Teddy's · May 30, 2007, 03:28 PM

hehe, going to the peak of the markets!

Ready for a market correc*WHEEEEEEEEEEEEEEEEEE!!!!!

May 30, 2007, 02:36 PM	#1
MacRumors macrumors bot Join Date: Apr 2001	Apple Worth More Than $100 Billion Apple, Inc's worth climbed to above $100 billion today in heavy trading. The company is now worth approximately double rival computer maker Dell's market cap ($59.4 billion), but still trails behemoth Microsoft by a hefty margin, whose worth sits at $294.94 billion. Note that Dell does not compete in as many areas as Apple, and Microsoft competes in more, which helps explain some of the disparity. AppleInsider attributes part of the surge of Apple's stock price to recent bullish forecasts by some financial analysts, who have raised the 'BUY' price of Apple's stock to $150. Perhaps also contributing to the surge were announcements today of iTunes 7.2 with DRM-free songs.

May 30, 2007, 02:49 PM	#5
failsafe1 macrumors 6502a Join Date: Jul 2003	I am laughing now remembering how much I wanted to buy stock with it was in the low double digits and couldn't find enough cash to make it worthwhile. At least I make myself feel better knowing I should have. __________________ "What's that Bandit? Jonny fell where?"

Jul 20, 2007, 06:19 PM	#13
scu macrumors regular Join Date: Apr 2005	I just wanted to remind everyone that aapl closed at a record $143.75 today. __________________ Dual 2.5 G5 PowerBook G4 1.5

Jul 20, 2007, 06:44 PM	#14
IJ Reilly macrumors 603 Join Date: Jul 2002 Location: Palookaville	One record high after another. What a bore. __________________ **The season starts too early and finishes too late and there are too many games in between.* Bill Veeck

May 30, 2007, 03:15 PM	#17
SiliconAddict macrumors 601 Join Date: Jun 2003 Location: Burnsville, Minnesota, USA	Worth is relative. Apple's stock has been over inflated for a while now. __________________ -iPod Video 160GB -MacBook Pro Core 2 Duo 2.33Ghz/3GB RAM/250GB -Newton 4700 (a.k.a iPaq 4700) -Dell 2405FPW 24" Widescreen

May 30, 2007, 02:39 PM	#2
Peace macrumors Demi-God Join Date: Apr 2005 Location: On top of the Storm Peaks waiting for the Time-Lost Proto Drake	I'd say buy too because I think something's coming out of left field today or tomorrow from the AllThings Digital conference.

May 30, 2007, 02:41 PM	#3
oscuh macrumors 6502 Join Date: Apr 2007 Location: Michigan	why oh why didn't I but AAPL a year or so ago ...

May 30, 2007, 02:47 PM	#4
AliensAreFuzzy macrumors Demi-God Join Date: May 2004 Location: Madison, WI	It's amazing how AAPL has risen nearly 18 fold in the past 4 years. I really wish I would have invested some money back then.

May 30, 2007, 02:51 PM	#8
zombitronic macrumors 6502a Join Date: Feb 2007	True, it would've been sweet to get some stock even a year ago, but it's not too late to invest. Our little Apple is growing up, and quickly. I suggest thinkorswim.com. Great rates.

May 30, 2007, 03:42 PM	#16
bdj21ya macrumors 6502a Join Date: Sep 2006	I'm pleased. I just wish I had the balls to sink more savings into AAPL. Oh well.

May 30, 2007, 03:17 PM	#19
Legolamb macrumors 6502a Join Date: Nov 2006 Location: North of where I'd like to be	I don't know. Microsoft has a market cap of 295.52 B and is now trading at 30.90; Google is capped at 154.88 B and trades at 496. It really depends on whether the board is envisioning a Google or Microsoft/Dell/Intel etc. model. I almost sold some of my Apple yesterday and decided not to, so today is a good day. Who really knows for sure?

May 30, 2007, 03:22 PM	#21
PlaceofDis macrumors Demi-God Join Date: Jan 2004 Location: Chicago.	definitely good news. hopefully they won't crash after the iPhone is released, hopefully it just helps things even more. __________________ dim my eyes on the waves of confessions... SpringWarmCold

May 30, 2007, 03:28 PM	#25
Teddy's macrumors 6502 Join Date: Apr 2006 Location: Toronto	Here we go! hehe, going to the peak of the markets! Ready for a market correc*WHEEEEEEEEEEEEEEEEEE!!!!! __________________ [IZE="B][COLepSkkyBle"]"hi"COLR][/SZE]

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