Matt Phillips reports for The Wall Street Journal that Howard Silverblatt, “the Standard & Poor’s analyst who serves as a sort of high priest of all things S&P 500,” sent out a note moments ago:
It came right down to the trade, but AAPL has an index market value of $241,534 million and MSFT has a market value of $239,515 million – AAPL is #2. What a Job
Phillips reports, “Just for the record, this doesn’t mean that Apple has a flat out bigger market capitalization than its old nemesis. The S&P 500 is a ‘float adjusted market capitalization weighted’ index, meaning that the size of the market cap is adjusted to reflect the shares out in the public float. (That is, those that are available for the public to trade and not locked up in employee options, for example.) ‘On a full market value basis, MSFT is still larger than AAPL,’ Silverblatt writes.”
Full article here.
MacDailyNews Note: We’re going to keep the champagne on ice until AAPL passes MSFT on a full market value basis. That said, congrats, Apple, on a job well done!
As per NYSE, the top five U.S. publicly-traded companies, based on full market values, are:
1. Exxon Mobil (XOM) – $323.69B
2. Microsoft (MSFT) – $275.30B
3. Apple (AAPL) – $242.39B
4. Wal-Mart (WMT) – $204.83B
5. General Electric (GE) – $202.22B