financial/investor
01/12/2006, 11:30am, EST
Thursday, January 12th
Apple to surpass Dell marketcap?
Apple is closing in on Dell's marketcap. Following its record $5.7 billion revenues and 14 million iPod shipments in the December/holiday quarter and new Intel-based Macs, Apple's stock is trading at an all-time high--near $85--giving the company a market cap of $72.29 billion. As of market-close yesterday, Dell was closer to $73 billion. According to one blog post, Gateway's marketcap is $1 billion, while Microsoft is around $288 billion--or about 4 times that of Apple's. Given the company's record holiday quarter, several analysts have raised their fiscal 2006 and 2007 estimates as well as raised their price targets. The official December quarter financial results will be released next week on Wednesday, January 18, 2006. [Marketcap numbers drawn from Yahoo!]
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No, I am not selling my AAPL just yet... wish I'd bought a lot more however!
Success? Excuse me, but these things aren't even shipping yet. And, as such, no one knows how reliable they are, how well they'll run, what kind of battery life they have, etc, etc, etc.
They are accumulating increasing power in the entertainment world, and the rapidly expanding production of 3rd-party accessories gives them additional stability. I suspect that their stock will be over $100 by 3rd quarter.
The only 3rd-party accessories market I see expanding is the iPod market. The mac market is stagnant, if not dwindling, in this area. And, reports have it that MWSF is currently just a fraction of itself, covering less then half the convention hall.
The Core Duo (Intel) iMacs are available right now. They were available on Tuesday when they were announced.
-Doug