“Apple Inc. could lose its spot as the world’s most valuable company in 2016, with Google marching toward new highs as the tech giant cements its dominance in the smartphone market,” Sara Sjolin reports for MarketWatch.
MacDailyNews Take: Such massive “dominance.” And, now for some reality:
• Apple’s iPhone can soon reap 100 percent of world’s smartphone profits – November 17, 2015
• Apple’s iPhone owns 94% of smartphone industry’s profits – November 16, 2015
“As of Tuesday’s close, Apple’s market value stood at around $550 billion, roughly $50 billion above that of Google parent Alphabet Inc.,” Sjolin reports. “That’s about the closest the two have been since 2010.”
“‘Apple is now only more valuable than Google because it is holding on to more cash. Stripping out each company’s net cash, then Alphabet is officially more valuable than Apple,’ said James Cordwell, digital analyst at Atlantic Equities,” Sjolin reports. “‘If investors’ hopes and fears are realized, you could see Alphabet establishing clear water in its valuation versus Apple, though we would look at that as creating a great buying opportunity in Apple’s stock,’ Cordwell said. He keeps an overweight rating on Apple with a target price of $140.”
Read more in the full article here.
MacDailyNews Take: Judging by Apple’s, um… incomplete efforts of late, a theoretical kick in the ass such as being surpassed atop the market cap heap by the likes of Alphabet Inc. might not be such a bad thing.
Whatever it takes to reignite the fire for attention to detail in Cupertino is A-OK with us.
Complacency kills. Execution matters.
SEE ALSO:
Apple regains ‘World’s Most Valuable Company’ crown – August 1, 2013
Apple overtakes Exxon Mobil as world’s most valuable company – August 9, 2011