Well, that didnâ€™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 2008â€¦” 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.”