Apple now worth more than Google and Microsoft combined (almost 1/2 trillion dollars)

[n2doc]

Apple now worth more than Google and Microsoft combined

By Neil Hughes

Published: 11:12 AM EST (08:12 AM PST)
First on AI: Apple's stock soared to new heights on Thursday, pushing the company's market capitalization to $456 billion, a number that is greater than the values of rivals Google and Microsoft combined.

As of Thursday morning, Microsoft's market cap was around $256.7 billion, while Google was valued at around $198.9 billion. With Apple's stock up more than 3 percent in morning trading, the company surpassed the combined totals of both Google and Microsoft.

The milestone comes soon after Apple reported its best quarter ever, earning $13.06 billion on sales of 37 million iPhones, 15 million iPads and 5.2 million Macs. Total revenue for Apple's holiday quarter was $46.33 billion.

But Google's shares fell more than 9 percent last month after the company missed expectations on Wall Street for both earnings and revenue. And while Microsoft met Wall Street expectations, revenue from its Windows operating system fell 6 percent to $4.74 billion.

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http://www.appleinsider.com/articles/12/02/09/apple_now_worth_more_than_google_and_microsoft_combined.html

[thelordofhell]

1. Amazing how much money you can make off of slavery

[OhioChick]

7. That it is n/t

[cthulu2016]

2. probably exceeding projected profits from now until

the heat death of the universe.

(Factoring in the cost of money and other opportunity costs)

[joshcryer]

39. One theory is that they're not sufficiently diversified.

They have only a few product lines that are immensely popular, and investors think that the bubble will burst eventually.

It will.

[former9thward]

19. Don't know where you are getting that idea from.

When you back out Apple's cash (100 billion) it has a forward P/E of about 10. Average stock P/E is 14-15. I expect Apple to take out 650 by the end of the year.

[qb]

3. It's no wonder - I was just looking at prices for various iPads, iPhones, etc. - outrageous!

They have an authoritarian price-control system, and somehow they've convinced people it's worth paying double for Apple electronics.

[Initech]

6. I'll never buy a Mac laptop again

Especially when I paid literally 1/2 the $1700 cost for my Toshiba - which has way better hardware including a dedicated GPU and blu-ray capabilities.

[onehandle]

26. 'I'll never buy a Mac again' 'I'll never buy an iPhone again' 'I'll never buy an iPod again.'

You need to come up with a new schtick.

[Initech]

27. Am I repeating myself again?

[qb]

25. Youch! I've been had!

[cliffordu]

28. Yep. Perfect.

[NYC_SKP]

34. Hey, what they don't buy I probably will. I got macbook airs and iPads coming outta my....

...well you get the picture!

[cliffordu]

35. That's you all over, baby....

Nice shoes...

[REP]

32. You Wilde thing :-)

[joshcryer]

38. It's OK if you don't have a slave; someone else will.

[onehandle]

4. Apple's iPhone business alone is worth all of Microsoft. Steve Ballmer laughed at the iPhone...

...when it was announced.

Bill Gates' college roommate should have never been made CEO.

Gates should return, fire Ballmer, and save Microsoft.

[REP]

12. Remember the "iPod killer"?

Yeah, me neither.

[Nye Bevan]

18. Microsoft can't even figure out how to stop the Windows systray icons randomly disappearing

let alone kill the iPod or iPhone. What was that thing called? The zune? The chocolate?

[Major Hogwash]

21. Hahahaha!!!

"Yeah, me neither".

It's weird having these discussions after so many years, but someday everyone will realize that it isn't worth getting all hot and bothered about.

[onehandle]

22. 'I'm Zune Man!'

[REP]

23. Ballmer reacting to news that a Zune had been sold

Old joke. Still funny.

[Incitatus]

31. Gates

[Lizzie Poppet]

5. Yay! More lifestyle gadgets for smug bourgeoisie!

I guess this sort of profitability is what happens when you price your products at the upper end of each's market niche, encourage a cultish level of customer loyalty...then relentlessly cut production costs with quasi-slave-labor and other dubious practices.

Fuck Apple.

[Nye Bevan]

16. You don't get "cultish customer loyalty" by "encouraging" it.

You get "cultish customer loyalty" by making a good product.

Posted from my iPhone.

[cliffordu]

29. ....And what, exactly are YOU using to access the innernets???

[REP]

33. One of these:

[onehandle]

8. AAPL worth more than 10 percent of All Of NASDAQ.

Wow.

http://9to5mac.com/2012/02/09/aapl-passes-10-of-all-of-nasdaq-value-as-analysts-target-half-a-trillion-dollar-valuation

[mmonk]

11. Slave labor works wonders for the bottom line and stock prices.

[mmonk]

24. No need to.

The industry in general.

[Nye Bevan]

13. I used to own a Windows Mobile phone. Now I own an iPhone.

Apple deserves this.

[Brother Buzz]

20. Lieutenant Dan got me invested in some kind of fruit company

So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good!

[Canuckistanian]

30. OMG, Run! It's going nova!

And it's eventually going to implode into a black hole and suck all the life force out of iPhone users.

[Art_from_Ark]

36. And to think that at one time back in 1998 or so, Apple stock was at $12,

and pundits were predicting a "merciful" death for the company.

[joshcryer]

37. Note: Apple isn't the only company that makes stuff with Foxconn.

Fucking despicable. I cannot believe anyone who deflected Apple's absolute hegemony and thought it made sense.

[Pholus]

40. Let's worship this product and not waste "our beautiful minds" on its origins. Fairies made it!

And if they didn't, it's okay cause "everybody does it."

Darn Josh, I guess even DU regulars can have their moral blind spots.