Apple Worth More Than IBM

Well, that didn’t take long. We reported only two weeks ago that Apple was poised to surpass IBM in market capitalization. Georges Yared of Yared Investment Research even speculated that the deed would be done “before the first quarter of 2008…” In fact, it didn’t take nearly that long. As 9to5 Mac notes, on the heels of Monday’s record-breaking earnings, Apple’s stock price shot up to the $186 range, putting its market capitalization at $161 Billion — well above IBM’s $156.45 billion — for the first time in history.

Let’s take a moment once more to revisit Michael Dell’s advice to a floundering Apple 10 years ago:

“What would I do? I’d shut it down and give the money back to the shareholders.”


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One Response to Apple Worth More Than IBM

  1. blurdo says:

    OK. That’s interesting. If this is some king of Mac vs. PC thing, then let’s compare the market capitalization of apple to IBM + HP + Dell + Gateway, etc, etc, etc. Since most of apple’s current value derives from the iPod we could either subtract the value added from the iPod or add the capitalization of every other portable music player manufacturer. oh, yeah mobile phones, too.

    feelin snarky

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