Shares of Apple Inc. today opened up $13.64, or 7.82% at $188.00 to set a new all-time intraday high and pass the market values of both IBM and Intel.
Apple’s market value currently stands at $163,814,662,910.
For reference, some selected current market values:
• Microsoft (MSFT) – $290,326,101,760
• Google (GOOG) – $206,137,075,350
• Apple (AAPL) – $163,814,662,910
• Intel (INTC) – $156,278,400,000
• IBM (IBM) – $154,610,255,550
• Hewlett-Packard (HPQ) – $133,260,024,780
• Disney (DIS) – $67,680,019,880
• Dell (DELL) – $64,241,243,920
• Sony (SNE) – $45,994,645,800
• Yahoo! (YHOO) – $40,641,873,724
• Amazon (AMZN) – $39,037,267,570
• Adobe (ADBE) – $27,031,152,680
• RealNetworks (RNWK) – $998,960,040
• Napster (NAPS) – $152,192,000
AAPL quote via NASDAQ here.
MacDailyNews Note: “I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman, investment advisor, LSG Capital, May 21, 2007. AAPL closed at $111.98 that day. Apple has risen 67.9% since Goldman’s “sell” recommendation.
@CheekyGit
be more tolerant with people that make typos, do u speak french, dutch, german, spanish, italian, russian, japanese ?
and, i don’t even think that he is from a non english country, he simply made an editing error.
@MegaMe
GM is not on that list, they are not doing well, their market cap is only $21.5b
@all, while i agree that AAPL is not overvalued, i don’t think it’s going to gain another 100% over the next year, i would sell my stock (if i owned any) at around $210 on Januari 15th.
Apple just needs to buy Intel now. Up the price of the chips that it makes that are non-compliant with Mac OS to other vendors, for a year or two, then stop making them..
I’m happy for Apple, and I wish them the best of success.
But let’s not fool ourselves. IBM is a giant. Way huger than Apple could ever plan to be.
Furthermore, they do completely different things. IBM is an innovator on a level that no other company can dream of. Apple makes fantastic computers, media players and other snazzy things, but they’re a far cry from figuring out the human genetic code or tracing genealogy.
Just sayin’
So how amazing do you think the holiday season will go?
Can Apple hit 30 million ipods sold for the holidays?
another 2 million macs?
maybe 3.5 million phones? Remember these are international in a a months time.
These numbers do not reflect Leopard nor the iPhone in Europe. No, this is still going to go up.
just so you know, I sold my Microsoft stock a year after the public offering because I listened to some stock guy. It cost me 3.75 million in potential on a very small investment. Like all stocks Apple will go up and down but they are backing up each quarter with better results than the last. What more can you ask for. All stocks are a gamble, all of them.
And to think Apple’s market value was less than 2 billion when Jobs returned. Unbelievable.
Check this out:
Apple siezes opportunities very methodically.
1. Presently disfunctional market space.
2. Financially inferior market leader or none.
3. Nominal risk, scalable reward.
Once the battery solution clarifies in the next decade, the automobile market is clearly a reasonable target. This grows the company in a GE model rather than the single space Microsoft.
As someone who remembers just how dominant and omnipotent a force IBM was in the computing world in the 1980s, this is truly an amazing achievement. Nice to think that the hammer she threw 23 years ago saw the most dramatic part of its impact today.
While I think Apple is fully-valued, I disagree with StockGuy’s points. You could have made a good argument, but you didn’t. Not even close, really.
<<Comment from: Stock Guy
Just remember, Apple has huge costs.>>
Uhm, duh, but gross margins are what, 33%?
<<So many high priced Apple Stores with lots of employees which Dell doesn\’t.>>
O, those kinds of costs. Ask yourself, do those stores, with their “huge costs” pay for themselves? Yup. And, who has more employees, Apple or Dell? Which one has lots of mfring employees?
<<Then they are selling much less hardware than Dell and HP per quarter.>>
Yes, and if you sell hardware at a minimal profit, is it an advantage to be selling more? Look at Gateway, they sell just as many PCs as Apple, and yet, they are valued at less than 1% of Apple’s value. That’s because they don’t make any money selling all that hardware.
<<So that leaves small devices, like iPods, which will sell well for the holidays but after than NOTHING.>>
Uhm, this is so stupid, need I say anything?
<<Sure the 15 billion in cash is helping keep the stock price above average, but more than Intel? Getting close to the two giants Microsoft and Google?>>
This is nonsensical, the cash isn’t keeping the “stock price above average”! Each share of Apple has about $18 of cash in it. That’s it.
As for one of your giants, Google, why not apply your same critical thinking? What hardware is Google selling? What about all those employees Google is hiring?
<<Something is wrong here, it\’s all speculative and a adjustment downward is going to happen.
Remember stock is only worth as much as someone is going to pay for it.>>
Can I quote you?
<<Don\’t get caught with your pants down is all I have to say.>>
Thanks for the advice! Not.
@Stock Guy (or should I say Laura Goldman)
I looked out my window and no the sky is not falling. If you want to sell Apple stock I’ll take it. I am sure you can get in on the ground floor of Microsoft’s stock but don’t be surprised if you end up in the basement.
Do everyone a favour and don’t give advice.
@Shadow — How about Berkshire Hathway ;-}
” . . . only worth 56B.”
I agree with your point but I don’t think the word only could ever be used in front of the number $56 billion. He’s the luckiest fixed lottery winner in history.
@Acetylcholinesterase
Agreed.
But if memory serves me correct he was once worth over 100B.
While he is worth more than I will every own in my sleep he is a complete failure in my mind. He has also lost more than anyone could every hope to make in one lifetime.
Cheers
Mark, you are correct. If something happens to Steve Jobs, the stock may have a long road to recover. Investment in AAPL is currently an investment in Steve Jobs. However, other than that, Apple is becoming unstoppable.
It’s the competition people should be looking at. Increasingly, there is none. None for iPod (that survives). None for iPhone, and wait till Apple releases the next version. And none for the Mac. Microsoft has shot itself in the foot (the head was too small) when it released Vista. It won’t be able to recover from that. The Zune hasn’t helped them much either. Nor have all the legal issues worldwide.
People should be looking at the competition. As long as nothing happens to SJ, Apple appears unstoppable. From that perspective, its stock has not even approached a high side. There’ll be profit-taking. But the stock will continue to grow. Aggressively. They’re doing absolutely everything right.
@ Charleston and Cheeky,
No mate, I’m nowhere near Alabama. And NASCAR isn’t my thing. I’m more of a footy type bloke.
I just get sick of seeing people make comments like that. They feel perfectly fine calling someone from Alabama, or something. But what if he was from China and English was his second language? Would it be appropriate to call him a chink?
If he was black and using Ebonics, would it be okay to call him a nigger or maybe you’d prefer coon.
Maybe he’s a just stinkin’ Paki.
And if you’re too PC to use those terms, then you ought to leave out all derogatory remarks with regards to one’s race, creed or birth place…
Then again, maybe you’re just an old narrow minded git.
“Remember that Dell has thin margins. “
Dell’s net margins are about 9%, Apple’s 14.5%. Significantly better? Yes. In an whole other league? No.
Compare that to Microsoft with 39% net margins.
As I’ve said somewhere else earlier today, Apple’s long-term destiny is to achieve a valuation of around $350-400 billion at some point in late-2010/early-2011.
The thing that the naysayers miss is the cumulative effect of all those lovely recurring commissions from network operators; let’s say that Apple can sell 50 million iPhones per year, each delivering a conservative $50 monthly subscription to the network. Let’s further assume that Apple has signed a 10% commission arrangement with each of the network operators. 50 million x 2 (years) x $50 is $5 billion a month x 10% is $500 million x 12 months is $6 billion.
Yes, that’s right: $6 billion a year in what is – to all intents and purposes – pure , unadulterated profit. Let’s all try and remember that – in 1999 – Apple reported total sales FOR THE YEAR of $6.1 billion, so $6.0 billion in residual income (which is probably 90% profit) from a mobile phone is a pretty neat trick.
And for people who don’t believe the probability of 50 million units a year: go and look at a story on MacNN (it’s listed in the sidebar) about Samsung aiming to deliver a 128GB NAND memory unit in 2009 or thereabouts; imagine an iPhone or an iPod touch with an open developer SDK and 64GB or 128GB of memory. Want to know where the $500 Apple computer is coming from? I think we can guess. In any case, 100 million iPhones at an average of $349 will yield around $17.5 billion a year using Apple’s accounting rules.
So that’s $23.5 billion just from a mobile phone. Let’s assume that Apple can carry on building on the current success of the Mac – personally, I believe that we may see Apple selling 15 million Macintosh systems a year at around $1400/unit by 2011. That’s another $22.5 billion.
Don’t believe it? Over the last two years, Apple have shipped 12.35 million Macintosh systems and a third of those were shipped in the last six months. In the two years prior to that period (Q1/04-Q4/05), Apple shipped 7.8 million units. In other words, over a long 24-month sample, Apple’s Macintosh sales grew by nearly 58% and – if that cycle were repeated for another two years – the figure for the two years ending in September 2009 would be around 19.5 million units (let’s say 8.5 million units for 2007/8 and 11.0 million for 2008/9) . Rinse and repeat for another two years and the figure could easily be 18.5 million.
To that $46 billion, you could still add $10 billion from straight iPod sales which brings you to $56 billion. Add in $8 billion from the other sources – iTS, software, displays, etc. – and you have $64 billion.
As early evidence of how the iPhone will distort Apple’s finances, one need only look at yesterday’s results and the level of net profitability: Apple is slowly creeping towards a position of generating around 17.5% net profit after tax. So when Apple has sales of $64 billion, they have a realistic chance of delivering profits bordering on the $11 billion mark. Take $11 billion and multiply it by 35 and you get $392 billion.
But all of that assumes that a) Apple doesn’t acquire anybody or b) it doesn’t come out with any other category-defining products and that is a real unknown and not one I would bet against. Eventually all that money – $15 billion and counting – and that market cap either get leveraged to buy other companies (as Cisco have done so aggressively) or the money gets used to build new products.
If you really wanted to know why Microsoft fears the iPod and so singularly tried to FUD it out of existence, these figures tell you why. If Apple is worth more than Microsoft, is more nimble than Microsoft, has a more profitably diverse product ecosystem than Microsoft and more customer loyalty than Microsoft, what – from the point of view of employee/developer confidence, investor confidence and customer confidence – is the point of Microsoft?
“I wipe my ass with $168 billion.”
I think you’re being overcharged for your toiletpaper, Bill.
It’s stunningly amazing how mornonic Jerry T is. Fighting so-called offensive posts with exponentially MORE offensive posts, and trying oh-so-darn-hard to look intelligent.
Go Apple!
Protocol 666a!
Apple Getting Close to Protocol 666a!
Everywhere I look there is only good news for Apple:
Leopold Record Pre-orders!
iMac Sales off the charts!
IPod Sales Still on Rise!
Newton Slate in Development!
Stock Price climbing weekly!
New Stunning MacPro Coming!
Laptop Sales Growing!
Apple market-share over 8%
Yada yada yada ……
All I can say is “watch yourself Mr. Jobs!”
Why?
Well here at MS we have had Protocol 666a in place for the last 12 years, it reads thusly:
“Any competing company which threatens the MS business model by exceeding 10% OS market-share and/or having quarterly revenues exceeding 25% of MS quarterly revenues shall be targeted for elimination for market contention by any means necessary. Said company being….”
Protocol 666a is built into all of our systems and business models and is implemented automatically whenever the offending companies trip it! Apple is getting close! I’m a nice guy though and am formally issuing this warning, “tone down your growth Mr. Jobs, by that I mean your OS! If you value your pretty little candy coated company that is, you haven’t seen us get ugly yet!”
http://fakesteveballmer.blogspot.com