Well that was fleeting. MS is back on top.
qft.
Remember when Cisco was the most valued company in the world back around 2000? They had a market capitalization of slightly over $500 billion. Remember when GE was the largest company in the world by market cap?
Let's put it this way. Exxon, along with the other supermajors, own the world's energy supply. Apple currently owns "coolness." Which one is more fleeting?
market capitalization is so fickle, its a bearing on the psychology of the market, nothing else. Net Income, Revenue, EPS...those are more relevant metrics. When Steve Jobs retires, AAPL's market cap will drop 10%+ overnight. If he died instead, I bet 30%+ overnight. Is that a realistic measure of Apple? Ofcourse not...but it will happen.
qft.
Remember when Cisco was the most valued company in the world back around 2000? They had a market capitalization of slightly over $500 billion. Remember when GE was the largest company in the world by market cap?
Let's put it this way. Exxon, along with the other supermajors, own the world's energy supply. Apple currently owns "coolness." Which one is more fleeting?