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Apple Now Worth More Than Google
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You can find both trailing and forward P/E for all stocks. They aren't calculated by the companies.
AAPL: 35/29
GOOG: 32/20
Market cap is the market value of all shares (number of shares x price).
Apple was worth $2.2 billion when Michael Dell uttered that quote (it's now worth 71 times that!). The state of Apple then and state of Dell on August 13, 2008 is so far apart, it's mind-boggling.
you're kidding
Amazing, isn't it?
Imagine if it hadn't been broken up those many years ago...
Last I saw -- 16% market share was within site -- before you flame ... I'll try to confirm --- it might of been a mix up in my research (it was very late)
EDIT: --- my mistake -- I read it wrong --- late night --- it was that Apple's market share had increased 16% -- best
EDIT: --- my mistake -- I read it wrong --- late night --- it was that Apple's market share had increased 16% -- best
I'm sure glad I bought my Apple shares when they hit rock bottom $14 many many years ago
oohhhh, I hate you.
oohhhh, I hate you.
I bought mine at $33 in 1984, two splits ago (net adjusted price is $8.25).
At least Apple, unlike google, actually produces a product, does R&D, and contributes something rather than just sucking up other peoples work and selling advertising.
There's a single product that could kill the entire Google business model: AdBlock. If it ever gets widespread adoption, watch that stock crash.
But the question was, "how much money did Apple have then?" not AAPL's market cap. The answer is about $1.2 billion in cash. Yes, at the time more than 50% of AAPL's share value was represented by cash. The market was at that time valuing everything else Apple owned and their entire business at about $1 billion. That was a mind-boggling concept, which is why I bought AAPL in 1997.
Split-adjusted basis around $5.00 a share, since we seem to be showing off.
*yawn*
some less than stellar earnings or sales numbers slowing will deflate that market cap. I've seen companies with cash on hand with no debt with market caps smaller than their bank balance.
market cap can tell you some things, but it is almost quite meaningless. Its whatever people collectively value the company at a given time.
It has very little to do with gross margins or profit, which are probably more important.
some less than stellar earnings or sales numbers slowing will deflate that market cap. I've seen companies with cash on hand with no debt with market caps smaller than their bank balance.
market cap can tell you some things, but it is almost quite meaningless. Its whatever people collectively value the company at a given time.
It has very little to do with gross margins or profit, which are probably more important.
Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 2_0_1 like Mac OS X; en-us) AppleWebKit/525.18.1 (KHTML, like Gecko) Version/3.1.1 Mobile/5B108 Safari/525.20)
This will shut up all the naysayers. I don't think we'll see many CEOs making stupid comments in the future.
This will shut up all the naysayers. I don't think we'll see many CEOs making stupid comments in the future.
well ... from a valuation stand point -- YES --- the earnings are what determine if a company will stay at it's level.
BUT efficient market hypothesis suggests that price (which is a reflection of market cap) reflects that true value -- since value is a matter of perception and agreement by buyer and seller
New theory: Michael Dell started the Apple fire upon seeing those numbers.
Wouldn't surprise me.
I was thinking more in terms of its market cap ranking versus these other companies. Maybe I'll go crunch some numbers...
It is what it is. Investors don't bid up the value of stocks over time without the company showing earnings growth to support it.
Ah. I am dimly recalling that AAPL passed IBM in that timeframe.
But the question was, "how much money did Apple have then?" not AAPL's market cap. The answer is about $1.2 billion in cash. Yes, at the time more than 50% of AAPL's share value was represented by cash. The market was at that time valuing everything else Apple owned and their entire business at about $1 billion. That was a mind-boggling concept, which is why I bought AAPL in 1997.
Split-adjusted basis around $5.00 a share, since we seem to be showing off.
Sick I tell you... Sick.
I love the quote of Michael Dell... I know he wishes he didn't say that!
While this is great... Won't it really be a great news story in 3 years or so when Apple is worth more than Microsoft?
While this is great... Won't it really be a great news story in 3 years or so when Apple is worth more than Microsoft?