Apple market value soars past Dell’s, HP’s on Mac, iPod strength
Friday, October 19, 2007 - 12:18 PM EDT "Ten years ago this month, Dell Inc. founder Michael Dell said Steve Jobs should 'shut down' Apple Inc. and return the money to shareholders," Connie Guglielmo reports for Bloomberg. "Dell then had a market value of $4 billion to Apple's $700 million. Apple's valuation has since soared to $150 billion, more than double that of its personal-computer rival. Last month, Apple passed PC leader Hewlett-Packard Co. in market capitalization for the first time,".""Jobs, who returned for a second stint as chief executive officer in 1997 after being away for a dozen years, may say annual sales surpassed $20 billion for the first time in the company's 31-year history when he reports results for the year and fourth quarter on Oct. 22," Guglielmo reports.
"The Cupertino, California-based company's profit for the year probably topped $3 billion, according to the average estimate of 11 analysts surveyed by Bloomberg," Guglielmo reports. "Sales for the quarter ended Sept. 29 may have jumped 24 percent to $6.01 billion, fueled by back-to-school demand, the survey found. Profit may have climbed to 84 cents a share from 62 cents in the year-earlier quarter."
Guglielmo reports, "Apple's shares rose 39 cents to $173.89 at 9:44 a.m. New York time in Nasdaq Stock Market trading. The stock has more than doubled this year. Twenty-five analysts monitored by Bloomberg recommend buying the stock, and four say hold."
"Mac shipments have topped 1 million units for 11 straight quarters. Analysts estimate a record 2 million machines were shipped last quarter. Apple's PC market share in the U.S. widened to 8.1 percent from 6.2 percent in the third quarter, Gartner Inc. reported this week. Mac shipments rose 37 percent, with Apple posting the fastest growth among the top five PC makers, the Stamford, Connecticut-based researcher said," Guglielmo reports.
Guglielmo reports, "At Round Rock, Texas-based Dell, shipments fell 5.5 percent."
Full article here.
[Thanks to MacDailyNews Reader "Macaday" for the heads up.]

First post! but good for apple