Apple leads S&P 500 in market cap rankings
updated 11:10 am EDT, Tue April 7, 2009
AAPL leads in market cap
Apple is so far at the forefront of 2009's S&P 500 market cap ratings, figures show. Market cap is a relative reflection of company value, in terms of stock price multiplied by the number of outstanding shares; as of April 3rd the company's cap had grown by approximately $27.425 billion, easily surpassing that of IBM, which nevertheless managed a cap increase of $24.081 billion. Another notable tech company on the list is Google, which placed in fourth with $19.719 billion.
The growth rate of Apple stock is rated at 35.9 percent, reflecting a shift in price from $85.35 to $115.99. While greater than that of some companies, the growth is still towards the low end of high performers, such as Sun at 122.25 percent. The furthest fall in terms of percentage is represented by Citigroup, which lost 57.53 percent of its stock value; on a strictly monetary basis however, ExxonMobil's cap dropped a colossal $57.979 billion, even as its stock slipped by only 11.76 percent.
Unclear
04/07, 02:36pm reply
I can't really tell from the summary-- Does Apple have the highest Market Cap? Or the most growth in Market Cap? (Over which period?) Or is there some formula?
njfuzzy
Fresh-Faced Recruit
Joined: Apr 2001
re: unclear
04/07, 04:18pm reply
I think they are referring to growth. Apple's cap is not the largest in the 500.
Poorly written summary.
gor3don
Fresh-Faced Recruit
Joined: Nov 2005
also
04/07, 05:01pm reply
It's somewhat arbitrary since it uses January 1 as the cut off. If you timed it from when Apple was at $200/share, they would have shown a loss in market cap of something like $70 billion .
Hey, they're up to $115. That's the good news. The fact that there are nearly a billion shares isn't relevant to the individual investor.
malax
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Joined: Aug 2006