Back in March, Microsoft was over $50 billion forward of Apple in market place cap. That gap was even now massive, nevertheless it was the closest the two had been in that measurement of appeal in decades. The pattern was obvious: I predicted that Apple would pass Microsoft, it absolutely was only a matter of when.
Not even I assumed it might be this soon.
Today, Apple has just handed Microsoft in market cap. Now, the stocks have already been fluctuating really a tad,
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Some publications noted this milestone occurred back in April, but that was a slightly distinct metric. Which was the marketplace cap to the S&P 500, which uses float-adjusted numbers. Today’s milestone is straight-up market cap: numbers of shares outstanding multiplied by share price.
Of course, just how much this number means is a make any difference of debate. The truth is that it really doesn’t mean that much in terms how strong or weak a company is from a financial perspective. However it is a good indicator of trends,
Microsoft Office 2007 Key, and obviously stock performance. That pattern is obviously that more than the previous five years or so, Apple has been destroying Microsoft is gaining stock value.
Over those previous five years, Microsoft’s stock has become largely stagnant: it’s up about 4%. Apple’s stock, meanwhile, is up some 550% above that same time frame.
Regardless of how the marketplace closes these days, you can likely expect Apple industry cap to surge in advance in the coming days. A week from this coming Monday is Steve Jobs’ keynote at Apple’s WWDC event. There,
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Boom! Fanboys go wild.
Update: And as the markets near closing time, Apple is now nearly $3 billion forward of Microsoft.
Update 2: And sure enough,
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