Apple passes HP in market cap

Discussion in 'Apple, Inc and Tech Industry' started by Queso, Jul 26, 2007.

  1. Queso macrumors G4

    Joined:
    Mar 4, 2006
    #1
    Buoyed by yesterday's results Apple shares have surged over 6%, resulting in Apple passing the market cap of PC marketshare leader HP. As of 12:34 ET the market caps of the two companies were:-

    Apple - $ 126,896,521,080
    HP - $ 124,318,660,830

    Dell meanwhile are only worth roughly half an Apple at $65bn. Anyone have any advice as to what Mikey should do with the company? :D
     
  2. Shadow macrumors 68000

    Shadow

    Joined:
    Feb 17, 2006
    Location:
    Keele, United Kingdom
    #2
    Does this mean Apple has the highest value of any computer manufacturer?
     
  3. FF_productions macrumors 68030

    FF_productions

    Joined:
    Apr 16, 2005
    Location:
    Mt. Prospect, Illinois
    #3
    I think so.:confused:
     
  4. Queso thread starter macrumors G4

    Joined:
    Mar 4, 2006
    #4
    Technically IBM (market cap $175bn) still make computers, but I think out of the PC manufacturers Apple is now the highest valued.
     
  5. CalBoy macrumors 604

    CalBoy

    Joined:
    May 21, 2007
    #5
    Only $150 billion until Apple surpasses Microsoft:p At the current growth rate, that could happen by the end of next year! Either way, market cap isn't as important as earnings. HP still beats Apple there. Although, by late this year, they might become really close in revenue and earnings. All around, good news.
     

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