Apple Market Cap in Big Leagues
8:36 pm, November 3rd, 2005,
As noted on MacMischief, Apple’s market cap is nearly $50 billion, pushing into the league of industry giants like Dell and Hewlett Packard.
“With its recent stock price closing of $59.95 per share of stock, Apple Computer Inc. now has a market capitalization of $49.8 billion.
After years of being only a fraction the size of rivals such as Dell and Hewlett-Packard, Apple now appears within striking distance of both companies ($72.3 and 82.5 billion, respectively). Apple’s stock has been on the rise due largely to the continued success of both its iPod and Macintosh product lines.”
Of course, Apple is a weeny minnow compared to Microsoft, which is capped at $283 billion.
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