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Apple Now Worth More Than Google
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I wonder if they just leave it that way to make people think they are on the cutting edge of web based e-mail...
I can't imagine they are too close - especially video editing. My prediction on video is not for another decade at least.
That said, I love Google.
Google is excellent at many things in addition to their search engine. Gmail is awesome! Google Earth is great for wasting time (even if it has some bugs). And one small production company I regularly work for uses Google Docs and Google Calendar extensively across their business.
I am asking me whether I'm convinced. The answer is no. My opinion is informed by this answer.
The number of outstanding shares hasn't changed appreciably since December. Apple isn't currently buying back shares, they haven't split shares. So the only way the number could have changed is if options were redeemed. Some of this has probably happened, but not enough to make a significant difference.
I see where you are going and yes that is the future. However, I am one to have my software and files (especially sensitive files like Financial) on my local PC and encrypted.
Funny where we came and where we are headed:
1. Dumb terminals on a mainframe.
2. Smart terminal on a mainframe.
3. Citrix running on a server
4. Smart PC's running Internet apps running on a server (new term for a mainframe
Next - everything web based on a server, nothing local = dumb web browsers (PC/terminal) on a mainframe (server).
Prophecy is really just history pre-written.
Gmail may be in beta but it I think it is the best web based email system out there. MobileMe is NOT in Beta and look at what a train wreck that is.
Or if people sold their stock and/or others started to buy in. According to NYTimes there was a volume of 30.1 million today (vs 3.6 for Google)
EDIT: Case in point - Engaget chunked 4 billion off of Apple's market cap in 1 day with a bad report and Apple didn't buy back any shares, split their stock or had any options redeemed
http://digg.com/apple/Engadget_Knocks_4_billion_off_Apple_Market_Cap_on_Bogus_iPhone_email
I keep forgetting it is still only beta...... How long is that now? Good testing period....
Lets be realistic. Even if MSFT's shares fall to half, MSFT has what other tech firms do not.....physical assets such as buildings and most importantly (last time I checked like about a 40 Billion Dollars of hard cash in it's reserves.) MSFT isn't going anywhere.
Most tech companies are built are valued on stock prices, MSFT has literally hard cold cash in hand in addition to it's stock price. By comparison I think Google has about 6 Billion in Cash. That's a big difference between MSFT and these other companies.
So what if Apple did design everything? Cars, subways, cash registers, trains, kitchen appliances & other 'white' goods? Are we headed towards Earth, Inc., with Apple our global brand?
You seen the movie WALL*E where everything was owned by Buy-N-Large (BNL) Welcome to the Axiom.
Buying and selling of stock has no effect on the total number of shares outstanding. If I have 100 shares and I sell them to you, no new stock was created.
The only way for the outstanding shares to decrease is for Apple to buy back its stock.
The ways for increasing shares is a new stock issue (which Apple hasn't done) or the 2 ways IJ mentioned, stock options exercised or a split.
EDIT: Volume refers to the number of shares that were traded today. Google has been flat and with below recent history volume. Apple has been flying the last 4 or 5 sessions so volume is higher. 30 million is not even that busy a day for AAPL.
I'm not sure what we debating over now
the price? or Googles future.
To the post about Apple designing everything
we have/had that with GE --- major conglomerate with their hands in EVERY cookie jar -- and now, a spiraling stock price --- the market is having a sale
Well said. Gmail has been perfect for me. Can't imagine going with anything else, at least for the foreseeable future.
Funny
Funny how Dell sells a lot more computers than Apple yet Apple is worth 3 times more than Dell. After Dell said they should just return the money to the shareholders, Dell is scraping by while Apple is sitting on about 21 billion cash.
Funny how Dell sells a lot more computers than Apple yet Apple is worth 3 times more than Dell. After Dell said they should just return the money to the shareholders, Dell is scraping by while Apple is sitting on about 21 billion cash.
I wish MobileMe worked as well as Gmail in terms of speed.
Dude... none of that has any impact on shares outstanding. That volume of 30.1 million is 30.1 million sales and 30.1 million purchases.
New theory: Michael Dell started the Apple fire upon seeing those numbers.
lol wouldn't be surprised...
They've increased in # of shares by about 20 million since this time last year (about 2.5%).(This was the last time they passed Google, best info I could find anyway)
http://www.macnn.com/articles/07/08/31/aapl.passes.goog/
EDIT: I think I've been at work too long, 12 hour days will get you (Only excuse I have for implying volume had any impact on market cap other than it generally provides a decent view of how stable the shares were for the day)
Great job apple....... I am happy I purchased apple a while back also. This is great news!!!!
I love the Michael Dell quote..... Priceless..
I love the Michael Dell quote..... Priceless..
MS cash reserve went down when MS didn't know what to do with it, they declared a stock dividend and a share buy back program but that didn't help the stock price. Tech company's don't need a stupid dividend, they need to grow.
Lets say Apple -some day- earns $6 billion a year in net profit, divided by 885 million shares is about $6,5 a year in dividend. Yes? That's stupid.
Beats me.
I said I am not convinced that Google really has a plan for where they are going. Your response was that nobody asked me if I was convinced -- which is like saying that nobody asked for my opinion. I guess that's true, but if you look at it that way, then nobody asked for yours either. Makes for fine discussion.