The race to the trillion-dollar market cap

“Summer is a busy time for the country’s biggest tech giants. This year Apple and Google each rolled out a slew of new products at their respective developers’ conferences, and Amazon and Microsoft continue to buy and integrate more companies under their massive umbrellas,” Rob Marvin writes for PC Magazine. “The moves all feed the same ultimate goal of making these companies more money.”

“The big four are marching toward the next major profitability milestone: the trillion-dollar market capitalization,” Marvin writes.

“According to NASDAQ’s most recent rankings,” Marvin writes, “Apple has lost a bit but still sits over $900 billion in a comfortable lead, Alphabet has crossed the $800 billion mark, and Microsoft now sits around $771 billion following its $7.5 billion deal to buy GitHub. In the home stretch, it’s still Apple’s race to lose.”

Read more in the full article here.

MacDailyNews Take: Soon.

Trillion, schmillion. Over time, Apple will go much higher than that. The company is currently horribly undervalued.MacDailyNews, March 1, 2018

The next ten years are going to be absolutely amazing for Apple. The company has just started to really get going!MacDailyNews, August 2, 2017

Apple’s $1 trillion market value is a moving target due to record buybacks – May 29, 2018
Apple made more profit in three months than Amazon has generated during its lifetime – May 11, 2018
Apple: Why stop at $1 trillion? – May 8, 2018
Apple’s march to become the world’s first trillion dollar company – May 8, 2018
Apple vs. Amazon: Who will win race to be world’s first $1 trillion company? – April 2, 2018
Apple is going to be the first trillion-dollar company – March 1, 2018
Bank of America predicts Apple market value to surge to $1.1 trillion – January 17, 2018
Apple leads race to become world’s first trillion-dollar company – January 3, 2018


      1. That valuation has to be wildly low of the mark. No surprise because as a private company, Dell doesn’t have to tell anyone what it thinks it is worth.

        Estimates put Dell total annual revenue at about $78 billion per year, and total assets of at least $122 billion. It employs 138,000 people for goodness’ sake. Dell is not a teeny dying company.

        When Dell went private in 2013, Michael Dell led the $24.4 billion management buyout. Only two years later, Dell had enough free cash to buy EMC for $67 billion — the highest price tech acquisition in history.

        Knowing this, it’s safe to say that Dell EMC is worth something in the $ hundreds of billions depending on how you run your valuation.

        Note also that corporate IT outsourcing has been pushing a lot of cash at Dell in the cloud server market. So while Apple has mobile phones and consumer app sales, there is no question that Dell is miles ahead of Apple in corporate services and products, product range, and importance to Fortune 500 customers. Margins are probably slimmer but the business is probably a lot less cyclical too.

        BTW: VMware Fusion, yeah, that’s a Dell product too. Millions of Mac owners couldn’t consider buying Mac hardware without it.

        1. The point of posting the market cap for Dell wasn’t to diminish Dell, it was answering Tiger’s question which, I think, was pointing out the irony of Michael Dell suggesting Apple dissolve itself lo many years ago.

  1. I’d believe that “next ten years are going to be absolutely amazing for Apple” if I saw them executing superbly across all product lines, especially with the Mac. I USED to believe that. Now I don’t know what to to believe they have in fact so badly executed when they weren’t being outright negligent.

    Did the Mac Pro & Mac Mini, Mac Book Pro keyboard, general Mac disenchantment wake-up call wake them up for good and will they soon go back to their usual somnambulant, siesta coma & uncaring “We love the Mac” state?

    1. We’ve all heard the excuse “they’ll only release when ready”, don’t want bad quality stuff, etc.

      On the surface, I agree with this. But, that assumes they’re not futzing around holding back what people want (or giving what we DON’T want) for the sake of their pet projects, the most obvious being Jony Ive’s thinness fetish.

      That, coupled with the beancounter mentality to extract as much money from Mac users as possible, has meant sealed Macs and Macbooks that can’t upgrade storage or RAM, even though desktops don’t need to be so thin (and laptops don’t need to be *that* thin).

      Or, in the case of Macbook butterfly keyboards, replacement of a single broken or stuck key requiring replacing the entire keyboard, costing the user something like $700 before the latest replacement program launched.

      Or, in the case of a Mac Pro tower, no real updates for over 5 years as they now futz with some “modular” design.

      1. Agreed.

        I would actually trust Dell to put out better computer hardware at this point. They have a lot more practice, they’re always making continuous product improvements. Whoever is screwing up Apple’s Mac update schedule indicates to me they they are floundering. Badly conceived and badly executed Mac designs for the last 5 years have eliminated most of the respect I once had for Apple. Apple no longer earns the premium prices they are charging. (Actually, maybe Apple isn’t earning much on its Macs anymore, since it seems like Apple’s MacBook Pro lines all need to be blown out at massive discounts and nobody in their right mind buys obsolete trashcans. That tells you a lot!)

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