A Look at Apple's Market Cap
Stephen Rosenman submits: In July of 2009, I predicted Apple would surpass Microsoft's (MSFT) market cap (seekingalpha.com/article/151433-why-micr...). It did in March 2010. Today, only Exxon Mobil (XOM) exceeds Apple's capitalization. Apple deserved to take out Microsoft's valuation; it innovated and executed circles around Microsoft. A much more formidable feat awaits Jobs & Company: will Apple pass Microsoft's 1999 inflation adjusted market cap of $486 billion? For all the talk about how sky high Apple's $311 billion market cap is, the company is nowhere near some of the capitalizations reached in the past by other companies. At the end of 1999, GE, Microsoft, and Intel all had inflation adjusted market capitalizations larger than Apple's current valuation. In 2000, GE was the colossus, a $561 billion market cap king as valued in today's dollars; GE could have swallowed Apple andComplete Story »
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