Apple’s previous closing high was $225.50. set yesterday, March 11, 2010. Apple’s all-time high (intraday) stands at $227.73, set during trading today. Apple’s 52-week low was $94.18, set on March 12, 2009.
At market close, Apple’s market value stands at $205.48 billion since financial sites all use the latest published share count for Apple: 906.8 million shares outstanding as of January 15. However, Apple’s actual diluted share count, as per its latest 10-Q, was 919.783 million shares, which means that the company actually has a market cap of $208.42 billion. For the lists below, we’ll use what the financial sites use.
Apple went public on December 12, 1980 and closed with a market cap of $1.431 billion. Apple’s all-time low market value was $630.9 million on July 8, 1982.
The top five U.S. publicly-traded companies:
1. Exxon Mobil (XOM) – $315.38B
2. Microsoft (MSFT) – $256.71B
3. Apple (AAPL) – $205.48B
4. Wal-Mart (WMT) – $205.09B
5. Berkshire Hathaway (BRKA) – $203.20B
Selected companies’ current market values:
• Google (GOOG) – $184.28B
• IBM (IBM) – $166.19B
• Cisco (CSCO) – $148.18B
• Hewlett-Packard (HPQ) – $123.46B
• Intel (INTC) – $117.50B
• Disney (DIS) – $65.34B
• Amazon (AMZN) – $58.60B
• Nokia (NOK) – $55.03B
• Research In Motion (RIMM) – $41.98B
• Sony (SNE) – $37.47B
• Dell (DELL) – $27.91B
• Yahoo! (YHOO) – $22.85B
• Adobe (ADBE) – $18.43B
• Motorola (MOT) – $16.21B
• Palm (PALM) – $926.79M
• RealNetworks (RNWK) – $709.27M
MacDailyNews Note: For some perspective: Apple is worth more than Palm, Motorola, Dell, Sony, Research In Motion, and Nokia combined. With another $25.95 billion to spare.
AAPL quote via NASDAQ here.
next stop bigger than mimeo soft
!!!!!!!!
And the scary part is…. this is just the beginning.
People that are not Mac nuts like us, or are not financial people, don’t have any idea how strong Apple is.
Most people would guess Apple was at the bottom of the list , or close to it
This is unreal. Apple will undoubtedly go higher than Microsoft (thanks to karma
” width=”19″ height=”19″ alt=”wink” style=”border:0;” />, but can they top Exxon?
And there has to be a limit at some point, no? I mean, Apple can’t just keep growing infinitely.
It won’t be long before Apple is worth more than Exxon, Microsoft and Wal-Mart combined!
“What do Nokia, RIMM, Sony, Dell, and Yahoo have in common?”
They have a smaller COMBINED net worth than AAPL!
Remember back in the mid 90s when Apple experimented with licensing to clone makers? Then those guys took the high end market from Apple and cut Apple’s margins badly.
Apple are doing the same to the PC market. And they are doing it extremely well. However it could be argued that eventually they will run out of that market.
So on one side Apple’s growth in the PC market may restricted as Apple’s market share in PCs increases.
On the other hand Apple has demonstrated with the iPod market that they can maintain good profitability even when controlling 70% of the market.
They have also proven that they can generate more revenue by innovating with new products like the iPhone and iPad.
The ability for Apple to grow beyond M$ and Exxon will depend on these factors. I would say Apple have a lot of headroom in the PC market, can expand the iPhone market significantly and have a potential winner in the iPad.
As a result Apple could easily double their revenue and profit in the next few years.
And all of this, with just 10% of the US computer market share.
Three questions:
How much of Apple’s world domination is already factored in to the share price?
How much of iPad sales will cannibalize Mac/iPhone/iPod touch sales?
Will users eventually rebel against Apple’s “closed” system, or will they gladly trade “openness” for a superior user experience?
@connor
1. about 25% based on a ROM of aggregate market penetration in the global market. if the dollar tanks, % goes down and growth potential increases.
2. about -25% because you cannot cannibalize iPod ( near EOL or with serious market penetration that has a natural decay). Mac and iphone have lots to grow still and apple appears to be careful to differentiate the products. if you read the PC blogs, there are lots of people talking about not buying a iPad. many of these people also didn’t buy a Mac or iPhone either. they have not hurt apple’s financial performance yet and are unlikely to have any impact down the road.
3. “openness” has proven to be an empty promise. “closed” is the wrong description of the apple model. it is managed by adult supervision with many software applications to provide a consistent, value based, user experience. if you notice, most hardware companies are not experience a lot of success supplying hardware to open systems. they generally fall under the group here that do not have an accumulated market cap equal to apple’s.
people who complain about “openness” generally don’t buy apple products and apple seems to be doing fine without them. let apple’s competitors fight over these consumers on their way to the bottom.
to understand apple’s market strategy, you have to not think about markets as you saw them yesterday, or even today. apple does not just innovate products, they create new markets to place their innovative products. there is a very good chance the iPad is one of those products in one of those markets.
@mackle
Thanks for the insightful post!
The iPad is the beginning of the new computer revolution. It will affect future laptops and desktops.
It looks like Apple is “humming on all cylinders”.
If you were to ask Steve or Tim about the future of Apple
they would probably say (to quote an old line)
“You ain’t seen nuthin’ yet!”