View this article at: http://dev.macnn.com/articles/06/01/12/apple.to.surpass.dell
Thursday, Jan 12, 2006 11:30am
Apple to surpass Dell marke...
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!]