Filed under: Apple Financial
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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Reader Comments (Page 1 of 1)
schlomo said 11:55AM on 7-26-2007
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?
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superjeff said 12:20PM on 7-26-2007
IBM has some Intel based servers, and their market cap is ~$175B.
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Graham Stevens said 1:32PM on 7-26-2007
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
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Reg Muffet said 9:28PM on 7-26-2007
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.
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