Apple Stock closes at all-time high, now 4th largest Market Cap in the US

http://www.edibleapple.com/apple-stock-closes-at-all-time-high-apple-now-has-4th-largest-market-cap-in-the-us/

by anderzole • 16 years ago

28 15 16 years ago

edibleapple.com

usaar3333• 16 years ago

Slight error: Berkshire Hathaway is currently 4th at $206B.

anderzole• 16 years ago

Berkshire is 5th with $194B (the A shares that is) http://finance.yahoo.com/q?s=brka&d=t

jakarta• 16 years ago

Berkshire's market cap is $204.655B http://online.barrons.com/public/quotes/main.html?symbol=BRK...

hristov• 16 years ago

However, the market cap is the A shares plus the B shares.

icco• 16 years ago

Proof that you don't need to have market dominance to make a lot of money.

borism3• 16 years ago

Apple dominates its' own market

nostrademons• 16 years ago

Kinda interesting that Google's market cap is now higher than IBM's despite having 1/10th as many employees. I guess it sorta makes sense, since employees are costs and therefore should adversely affect the market cap.

In a similar vein, Wal-Mart (with its 2 million employees, 100 times more than Google) has a market cap of only $206B. On a good day, Apple could pass that and become #3.

_delirium• 16 years ago

Even accounting for employees being costs, though, the valuations seem like they must be based mainly on a prediction that either Google is going to grow a lot, or those other companies are going to shrink. Wal-Mart and IBM both make around 2x Google's annual profits, for example (around $13.5b each vs. $6.5b).

dnsworks• 16 years ago

IBM's business relies on low-margin, hard to scale models like selling consulting hours or selling hardware.

borism3• 16 years ago

Yes, but how long can it hold there?

stcredzero• 16 years ago

So the "wisdom of the crowds" is that Apple is really onto something with the iPad? Or are people manipulating the market into excess optimism about Apple so they can cash in?

borism3• 16 years ago

iPad has very little to do with it

usaar3333• 16 years ago

Somehow though it has overtaken Google in the past few months. (Personally I am betting they'll converge again.. )

Apple Stock closes at all-time high, now 4th largest Market Cap in the US

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