Apple Worth More Than $100 Billion

[MacRumors]

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]

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

 

[oscuh]

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

 

[AliensAreFuzzy]

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]

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.

 

[zombitronic]

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.

 

[jk8311]

Options!

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

 

[Project]

Good lord. Wasnt it just a few months ago that Apple had caught up to Dells market cap? Pretty amazing how its now double in such a short time.

 

[ilikeiBook]

"One HUNDRED BILLION dollars!"

 

[IJ Reilly]

Good lord. Wasnt it just a few months ago that Apple had caught up to Dells market cap? Pretty amazing how its now double in such a short time.

IIRC, Apple equalled Dell's market cap briefly a year or so ago, then fell back. I'm pretty certain that Apple passed Dell in this category "for good" some time around the middle of 2006.

 

[512ke]

What goes up comes down...

I think in the long run the price will go north of $120 or even $140 personally...

But in the short term there's gotta be a correction. It just can't go up that much, that fast.

I'm expecting it to go down.

 

[Kelemor]

What goes up comes down...

I think in the long run the price will go north of $120 or even $140 personally...

But in the short term there's gotta be a correction. It just can't go up that much, that fast.

I'm expecting it to go down.

nah i'm expecting a stock split at 120 or 130.....

but what do i know....i had 5k to invest and i put in a cd instead of 92 dollar apple stock.

 

[SiliconAddict]

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

 

[Legolamb]

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]

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,"

 

[VoodooDaddy]

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)

 

[PlaceofDis]

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

 

[Teddy's]

Here we go!

hehe, going to the peak of the markets!

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

 

[twoodcc]

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]

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

 

[k2k koos]

Fantastic news

Only wished I would have had the money to buy apple stock back in 97, or even last year... I still don't have the money now though, and you can only make money, if you have money.... I have a mortgage instead....

 

[IJ Reilly]

What goes up comes down...

I think in the long run the price will go north of $120 or even $140 personally...

But in the short term there's gotta be a correction. It just can't go up that much, that fast.

I'm expecting it to go down.

This is the old stopped watch prediction. Eventually, you're bound to be right.

 

[nxent]

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...

 

[skunk]

This is the old stopped watch prediction. Eventually, you're bound to be right.

Twice a day?

 

[Kid Red]

Man, APPL was like $100 two weeks ago. It's up like $2-$3 every day. Insane! I only have 10 shares (sold 25 last year) but a nice little chunk if stocks go to $150! I need to buy a few more before they do get too high.