MacDailyNews Note: For a list of select companies’ market caps, please see: Apple shares hit new all-time intraday, closing highs – March 30, 2010
Elmer-DeWitt continues, “On March 9, a few days after the company announced the iPad’s ship date, Apple’s market capitalization (share price times shares outstanding) was $198.5 billion, making it one of the five most valuable U.S. companies, right below Wal-Mart and ahead of Berkshire Hathaway.”
“On Friday March 12, the day Apple began taking pre-orders for the iPad, its market cap hit $205.48 making it, briefly, the No. 3 U.S. company ahead of Wal-Mart — a position it held for just one trading day,” Elmer-DeWitt reports. “On Tuesday March 30, following a report that it was building an iPhone for Verizon, its stock rose 1.5% to $235.85, its market cap hit $213.9 billion, and it overtook Wal-Mart [$212.7 billion] once again to begin closing in on No. 2 Microsoft [$261 billion].”
Full article here.
You can show the market cap as a screen saver:
http://skynet.di.hs-wismar.de/?p=160
Simply the greatest second act in the history of business.
Headline is incorrect. Apple is not third largest company, they are the third most valuable company. There is a huge difference.
If “largest” means most revenue, Apple doesn’t crack the top 50.
I’d still rather have 3rd most valuable over 3rd largest any day.
That will probaly change after this weekend
If they sell out of iPads, can’t meet demand
if they don’t sell out, didn’t meet sales expectations
$47 billion and counting….
Dude, they are guaranteed to sell out this weekend. That is a given. The real question is how long that high demand will continue, and if Apple can keep up with the demand.
@zmarc
Hotinplaya is saying they’re screwed no matter what. If they sell out and can’t meet demand, the world will come to an end. Likewise if they don’t sell out. And then the stock will take a (major) hit.
Hey dude, I agree
just saying how what ever happens , will be spun
zmarc, you’re sounding like a dude if you say “Apple guaranteed will sell out” and then talk about the real question “can Apple keep up with the demand.”
Dude, if they sell out, they could not keep up with the demand in the first place…
Okay, this needs some explaining. Apple’s worth as a company is built nearly entirely on projected future growth. Apple does not have nearly the assets that Wal-Mart has, or IBM, or a number of other companies. Apple has a lot of cash in the bank, but other than that, not much in the way of assets.
@Dallasm
Are you serious? It has an incredibly profitable chain of stores (the most profitable retail stores per square foot in the U.S., possibly the world), it’s debt free with about 40 billion in cash, it has a phenomenal design and engineering team making world class products, it has the most successful music store in the world, the most successful mobile app store in the world…. and on and on.
It’s worth as a company is built not only on projected future growth but on what it’s already accomplished and current trends on what it already has. The iPad is going to out-perform every product it has ever produced. There’s a reason Apple has proven to be virtually immune to economic conditions and it’s stock is climbing. It WILL take second place away from MS; especially with Ballmer T. Clown in charge over there. May he remain in charge as long as it takes!
(And the MDN word is “company”… how do they know?)
Just 50 billionish until we can buy Microsoft, and the SIDAGTMBTTS.
“There’s a reason Apple has proven to be virtually immune to economic conditions”
Yes. Rabid cult members who always do as they are told and attack anyone who dares to think different.
We’re coming for you Ballmer
When Apple passes Microsoft, will there be video of the “dancing monkey”? I would like to see that!
Apple’s value is in it’s intellectual property. Worth every cent.
@Dallasm,
Yeah, what’s the big deal about $47 billion cash (with no debt)?
Sheesh, the trolls are out in force today.
There will be a party… especially for stock holders with apple… just picture how much more money you will have when they reach 250 😀
I’m loving my gains
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Wow Microsoft has been #2 for a long time, how ironic.
“Comment from: quantum
“There’s a reason Apple has proven to be virtually immune to economic conditions”
Yes. Rabid cult members who always do as they are told and attack anyone who dares to think different.”
Is that you Ballmer? Still don’t get it… do you… keep doing EXACTLY what you’re doing!
@doc e
Well said.
I particularly don’t care for this barometer for success, because it is neither an accurate characterization of who a company is, as has been pointed out already but, nor is it indicative of how strong a company is, or how successful their products are.
Funny, but the two leaders in this category made their bones on volume, not quality. However, I have no doubt Apple has capitalized on their relationships with Walmart and Microsoft far better than the reverse, but Walmart and Microsoft are cleaning up in emerging economies, namely China and India and as soon as those countries have “arrived” they’ll prefer Apple, Mercedes, and Kitchen Aid.
Go AAPL!
Microsoft is #2.
#2 is Microsoft.
How symmetrical.
Gates is not impressed with the iPad.
“You know, I’m a big believer in touch and digital reading, but I still think that some mixture of voice, the pen, and a real keyboard–in other words, a Netbook–will be the mainstream on that,” Gates said, according to Schlender’s Wednesday account.
http://news.cnet.com/8301-17852_3-10451702-71.html
Gee, maybe the OCD bully born into wealth and Asperger’s is full of shit after all.
congratulations Apple!
now if Wally World would collapse under the weight of its own disposable plastic landfill fodder, the world would be a better place and my faith would be restored that humans can direct their affairs in a manner that doesn’t simply reward the accelerated conversion of natural resources to landfill trash.