Apple market cap passes HP

Back on July 10th I mentioned the likelihood that Apple's market capitalization might soon surpass that of the original Silicon Valley success story, Hewlett-Packard. (I also implied that both Steves once worked at HP; apparently Woz was full-time, but S. Jobs was more of a summer intern.) Well, as of this morning Apple's total value comes out to about $127 billion, and HP is at about $124 billion. If this holds through the close, it will mark a generational torch passing into the hands of the future... or something like that.

Who's next on the market cap hit list? Well, believe it or not, dear readers, that mom & pop semiconductor basement operation Intel has a valuation around $141 billion; not out of the realm of possibility, if some of the more glowing, write-Apple's-name-on-your-trapper-keeper analyst predictions ($200 a share? $250?) become real.

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Source: http://finance.google.com/finance?q=AAPL

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Apple Financial

Back on July 10th I mentioned the likelihood that Apple's market capitalization might soon surpass that of the original Silicon Valley...

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R Muffet

Yes, I totally believe Apple should close its doors and give the money back to the shareholders.

Still, I guess it's vindication for those of us who bleed six colors, who were still buying Apple gear back in in the mid-90s when it was losing half a billion per quarter, and every man and his dog was buying a Windows 95 box. (Welcome back, you traitorous wretches!)

But one thing is clear, without Steve Jobs, Apple would have gone belly up. So maybe in some small, insignificant way, Michael Dell's goading actually helped save Apple: by needing to prove doomsayers like him wrong, Jobs had extra incentive to perform his miracle.

July 26 2007 at 9:28 PM Report abuse Permalink rate up rate down Reply

Graham Bone

More importantly DELL market cap ~$65 billion... that's about half of Apple.

Anyone remember the 'advice' Michael Dell gave Steve Jobs in 1997... oohhh

July 26 2007 at 1:32 PM Report abuse Permalink rate up rate down Reply

superjeff

IBM has some Intel based servers, and their market cap is ~$175B.

July 26 2007 at 12:20 PM Report abuse Permalink rate up rate down Reply

schlomo

I don't really pay attention the the market cap game so much, but IF (and that's a huge IF) Apple passed Intel, wouldn't that make them the first computer OEM to surpass all of their respective suppliers' market caps?

July 26 2007 at 11:54 AM Report abuse Permalink rate up rate down Reply