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AAPL Stock: 117.6 ( -1.03 )

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Apple's marketcap surpasses IBM, Intel

updated 11:00 pm EDT, Tue October 23, 2007

Apple's market success

Following Apple's better-than-expected financial results, Apple's market capitalization ($162b) has surpassed that of IBM and Intel and is nearing Microsoft's, which the largest of all companies. Following today's market close, Apple's rapidly growing marketcap is the fourth largest behind Cisco ($189b), Google ($208b) and Microsoft ($290b). Apple has continued it strong growth with continued success of the iPod -- selling more than 10 million during the quarter -- and growing Mac marketshare, as well as the iPhone's success have all helped it achieve unprecedented growth.

Much of its market success comes from the vast leaps and bounds Apple has made in recent years. In nine years, Apple has redefined the desktop computer with the iMac, introduced a revolutionary operating system, and has shaken the foundations of the music industry with the iTunes Music Store and iPod, to name a few.

In the last quarter, Apple has posted some impressive sales results, moving 473,000 computers, about half of which went to first time Mac owners. Over 120 million iPods have found their way into consumers hands since its introduction 2001. Apple develops a complete suite of software with each computer they sell, as well as many professional apps, reducing the amount of software a user requires when purchasing a new machine. The AppleTV and Airport Express help users share media throughout their homes.

Apple's success in the computer industry can be attributed to many things, from things within its control, such as the success of the iPod and the iTunes Music Store, but also to the inadequate implementation of Windows Vista. With only a 0.8 percent lead in OS marketshare over Mac OS X, many one-time faithful Windows users are abandoning the platform and finding a preferable alternative with Apple.




by MacNN Staff

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Comments

  1. blahblahbloo

    Joined: Dec 1969

    0

    largest of all companies?

    Is Microsoft really a bigger company than ExxonMobil?

  1. JackWebb

    Joined: Dec 1969

    0

    Holy Mac kernel

    Interesting to see the P/E stayed relatively low through all this at something comparable to Google around high 50's. I was expecting it to be considerably higher by now but I guess earnings really are growing. However, Apple really is priced very much on earnings growth unlike MSFT. By contrast the other companies like MSFT CSCO have P/E's in the 20's.

    And yes, XOM is considerably bigger at 506 Billion so we must be just looking at tech or something.

  1. wings_rfs

    Joined: Dec 1969

    0

    Half of 2.2 million

    It makes me roll my eyes and shake my head every time I see this (which is about everyone who reports it). Apple said that about half the customers in its retail stores were new to the Mac. It did not say how many of the other 1.7 million Macs purchased through other channels were new customers (probably because they don't know), but one can logically assume that it was substantial. So the total number of newbies would be approaching half of 2.2 million, not half of 437000, right?

  1. Glasspusher

    Joined: Dec 1969

    0

    doomed

    This company can't even stay doomed properly. When will they get their act together and launch a successful bankruptcy?

  1. DCW

    Joined: Dec 1969

    0

    *LOL* at Glasspusher

    Excellent! (yes, that's all I have to add t this post) -dcw

  1. cvbcvb

    Joined: Dec 1969

    0

    Doomed?

    I don’t think it’s so much “doomed” as “beleaguered”...

    CVB

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