“How did Apple Inc. do it? The high-tech company that couldn’t do anything right in the mid-1990s has emerged as the world’s most valuable company, with a stock-market capitalization of about $342 billion,” George Anders writes for Bloomberg.
“It’s clear that Apple’s rise to the top reflects its remarkable agility,” Anders writes. “Apple is dwarfed by Wal-Mart Stores Inc. in terms of revenue and employee headcount; it lags Exxon Mobil in annual net income. No other big company, however, comes close to Apple’s ability to conquer new markets, one after another.”
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Anders writes, “Apple won’t always be blunder-free. Every company that becomes a market-cap leader eventually cedes that honor to a newer entrant or a resurgent rival. But Apple’s advance should still be seen as a reminder of how much can be accomplished with ingenuity and conviction.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Lynn Weiler” and “Pamela” for the heads up.]
“Apple’s market crown is a tribute to remarkable agility.”
For every crown there is a pretender/rival. Just read that Eric Schmidt attended this year’s Bilderberg. Head’s up Apple Inc.
Yes, Eric T Mole was at Bilderberg, along with Bill Gates, Craig Mundie, the non-Zuckerberg guy at Facebook, and Jeff Bezos.
Definitely up to no good.
Think that’s scary, look up ALEC: Alecexposed.org, tell me again how your vote counts..
Microsoft, Att, Verizon all participate: http://www.sourcewatch.org/index.php?title=ALEC_Corporations
Eric T. Mole doesn’t have insider information on Apple’s plans and designs anymore. He’s now a non-threat.
I was thinking more in terms of friends in high places.
The reign of Apple has just begin. It’s a little too early to be writing their epitaph. You might start on Microsoft’s though and other pretenders.
I’ve heard more Apple doomsaying than ever since Apple is leading in market cap. There’s a anti- Apple theory going around that the bigger a company gets, the sooner it will collapse from its own weight. This number one market cap spot is only hastening Apple’s complete demise.
I personally think dwelling upon Apple’s market cap is a waste of time since Wall Street doesn’t exactly give points for being the largest in market cap. ExxonMobil a short time ago had a $415 billion mc and look at it now. Just a mere shadow of its mighty former self.
Exxon Mobil’s market value is driven primarily by energy prices (value of energy reserves) and short and long term economic growth rate forecasts (future demand that will drive the price of energy). The swing in market cap does not reflect anything about the company.
All if which is derived from “speculating” and fuzzy math. At least apples worth is honestly earned.
It is rather humorous that people are already attempting to predict Apple’s downfall…can’t sustain growth, can’t stay #1 forever, etc. Well, *right now* Apple is kicking arse and there is no reason to believe that will change in the next 3 to 5 years. Beyond that, who knows. But it is a good ride while it lasts. It’s good to be the king!
Nothing so fresh as being King for the first Year! Enjoy the moment!
As a former Performa 5200 user surviving from the “dark” era of Apple, I can say that Steve Jobs’ 2nd reign as Apple’s boss has been built on a culture that will sustain growth and keep pushing. Apple’s success has been planned and roadmapped for many years. Man, how things have changed within the last decade. Long time Mac users know, Apple’s success, even at this level, was delayed but inevitable.
Apple was doing a lot right in the mid 90s. I never abandoned them. Apple has always done so much better than anybody else, it’s amusing to see these late dunderheads stumbling on backhanded compliments. Apple has always been a class act and a pleasure to use!
You, obviously, never used Mac OS 8.0 for any length of time.
Amen brother. OS8 and the imac puck mouse… dark days…
Just for the record, the hockey puck mouse was ALL Steve Jobs.
OS 8 was Steve Jobs as well. Yes, they took a lot from Copland but it was a Steve Jobs release, so was 7.6. (a good bug fix for 7.5.5)
OS 8 was big news and a stable release for it’s time, and it gave Apple the time it needed to develop OS X in the background.
BZZZZZ WRONG You may want to try again. OS 8 was introduced in early 1997 Apple purchased NEXT (and Steve returned) in fall of 1997.
OS 9 was released as a stop gap in Oct of 1999 to correct the problems with 8 before the transition to OS X 10 (Cheetah) in March 2001. Don’t blame Steve for OS 7 or 8, its just not true.
What was the alternative to Mac OS 8? Please elaborate how any other OS was better and more user friendly at that time.
8.5 was decent though.
Agile? Try agile + robust + resilient + …
“Every company that becomes a market-cap leader eventually cedes that honor to a newer entrant or a resurgent rival.”
Lets not go out on a limb here.
Water is wet is actually a riskier statement.