Apple now worth more than Hewlett-Packard

This morning, Apple Inc.’s (AAPL) market value passed that of Hewlett-Packard (HPQ).

Currently, HP shares are down $0.05, at $47.49. With 2,618,889,000 shares outstanding, HP has a market value of $124,371,038,610.

Apple shares are up $9.02, at $146.28. With 864,948,000 shares outstanding, Apple has a market value of $126,524,593,440.

Other market values of companies of interest include:
• Microsoft (MSFT) – $289,730,780,280
• IBM (IBM) – $175,565,944,480
• Intel (INTC) – $140,950,600,000
• Nokia (NOK) – $107,821,075,960
• Dell (DELL) – $66,172,115,820
• Sony (SNE) – $51,738,994,890
• Research in Motion (RIMM) – $42,186,287,000
• Motorola (MOT) – $40,598,417,260
• Gateway (GTW) – $568,332,270

Quotes via NASDAQ are here.

43 Comments

  1. It was only eighteen months ago when Jobs sent his internal memo:

    “Team, it turned out that Michael Dell wasn’t perfect at predicting the future. Based on today’s stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. Steve.”

    Today, DELL is below what it used to be then (71.9B on that day; 66.5B now), and Apple has almost doubled.

    Steve’s email from then may just as well be true today. HP might continue to grow, and AAPL may take a bit of a dip. Still, this is a historic milestone, since no other desktop computer hardware company (IBM exited the business, selling PC line to Lenovo) has bigger market capitalisation.

    “Macaday” is right; this should get them plenty of publicity.

  2. Today’s quiz: Who made the following statements?

    1) “Apple should just close shop and give shareholders back their money.”

    2) “I’m putting a sell on Apple.”

    3) “Demand for the iPhone has been declining.”

    4) “D’oh!”

  3. This is huge newz…as most people don’t have a clue and can’t even imagine Apple being worth what HP is…AAPL should go up just on this news alone.
    Will the lazy journalists write headlines that Apple surpases HP in market value?…not a chance!

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