Apple now worth more than Google and Microsoft combined

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  • DateDoc
    Outside looking in.
    • Feb 2005
    • 14243

    #1

    Apple now worth more than Google and Microsoft combined

    Apple's stock soared to new heights on Thursday, pushing the company's market capitalization to $456 billion, a number that is greater than the values of rivals Google and Microsoft combined.

    As of Thursday morning, Microsoft's market cap was around $256.7 billion, while Google was valued at around $198.9 billion. With Apple's stock up more than 3 percent in morning trading, the company surpassed the combined totals of both Google and Microsoft.

    http://www.appleinsider.com/articles..._combined.html
  • L-Pink
    working on my tan
    • Mar 2005
    • 39151

    #2
    One of my not to bright financial moves was selling my Apple stock way to early.

    .

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    • magicmike
      Confirmed User
      • Feb 2003
      • 2384

      #3
      Oppenheimer went on announce another stunning statistic: Apple now has $97.6 billion cash on hand.

      So the market cap isn't too crazy considering just the cash they have.
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      • vsex
        Confirmed User
        • Aug 2010
        • 1277

        #4
        Originally posted by magicmike
        Oppenheimer went on announce another stunning statistic: Apple now has $97.6 billion cash on hand.

        So the market cap isn't too crazy considering just the cash they have.
        incredible!
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        • webair
          Confirmed User
          • Feb 2002
          • 8531

          #5
          I bought Apple at $16 bucks =)


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          • 2MuchMark
            Mark of 2Much.net
            • Aug 2004
            • 50979

            #6
            I own 4 iMacs, 1 Macbook, 4 iPhones, 1 Apple TV, 5 Airports, 2 Time Capsules, and a bazillion songs from iTunes.

            You're welome, Apple!

            Comment

            • PornMD
              Mainstream Businessman
              • Jan 2007
              • 9291

              #7
              I own absolutely nothing from Apple, so can't blame me!
              Want to crush it in mainstream with Facebook ads? Hit me up.

              Comment

              • ruff
                I have a plan B
                • Aug 2004
                • 5507

                #8
                I have an Apple Macbook. German design, cheap chinese parts. Basically a piece of expensive shit. It's my second one. The original kept breaking until the genuses couldn't blow smoke up my ass and had to replace it with a new one. I have replaced the hard drive and all my data. I have replaced the battery. Now I am replacing the charger. The keys on the keyboard are starting to flake off. What a scam! No more Apple ever.
                CryptoFeeds

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                • Theo
                  HAL 9000
                  • May 2001
                  • 34515

                  #9
                  astonishing numbers

                  Comment

                  • flashfire
                    ICQ 1 6 7 8 5 3 4 9 2
                    • Feb 2003
                    • 13098

                    #10
                    they do have a monopoly on music

                    Comment

                    • Verbal
                      Confirmed User
                      • Dec 2001
                      • 3420

                      #11
                      Originally posted by webair
                      I bought Apple at $16 bucks =)
                      Wow! And I was happy to be able to get in at $384

                      Comment

                      • fatfoo
                        ICQ:649699063
                        • Mar 2003
                        • 27763

                        #12
                        The growth looks impressive. Apple is now worth more than Google and Microsoft combined. It is estimated that Apple claims more than 80 percent of all operating profits in the mobile handset industry. Google's shares fell more than 9 percent last month after the company missed expectations on Wall Street for both earnings and revenue.

                        Send me an email: [email protected]

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                        • Sly
                          Let's do some business!
                          • Sep 2004
                          • 31376

                          #13
                          Perhaps one day they'll decide they have made enough money so that they no longer need to dump chemicals into rivers, use underage labor, and push workers to suicide. God bless China!
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                          • V_RocKs
                            Damn Right I Kiss Ass!
                            • Nov 2003
                            • 32449

                            #14
                            Originally posted by magicmike
                            Oppenheimer went on announce another stunning statistic: Apple now has $97.6 billion cash on hand.

                            So the market cap isn't too crazy considering just the cash they have.
                            That is all sitting outside of the US... If they brought it in they would get taxed for a very big chunk of it...

                            Comment

                            • Lykos
                              Too lazy to set a custom title
                              • Apr 2003
                              • 31032

                              #15
                              That company is scary !

                              Comment

                              • TheDoc
                                Too lazy to set a custom title
                                • Jul 2001
                                • 13827

                                #16
                                Originally posted by V_RocKs
                                That is all sitting outside of the US... If they brought it in they would get taxed for a very big chunk of it...
                                That money is on Apple U.S. books, in our Banks... it's already been taxed, or it's value wouldn't be on the books and he wouldn't be able to claim that, or he would falsely be boosting the stocks.

                                Moving money IN for investment goes on Corp Capital Gains taxes, which is extremely low when the money is invested, and in many states, totally tax free from the money, land, and even pay back on what you paid in fed.

                                The reason they don't manufacture here is labor costs... not that they can't afford them, but more because they don't want extra cost, thus stocks go up higher and higher.... it's as simple as that.
                                Last edited by TheDoc; 02-09-2012, 01:36 PM.
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                                It's all disambiguation

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                                • bronco67
                                  Too lazy to set a custom title
                                  • Dec 2006
                                  • 29032

                                  #17
                                  Maybe they could bring some of those production jobs back the US, now that they're so stinking rich.

                                  Comment

                                  • ilnjscb
                                    Confirmed User
                                    • Jun 2009
                                    • 8973

                                    #18
                                    I think that is the largest cash holdings ever. In numbers it is, but with inflation? not sure.

                                    Comment

                                    • sojproductions
                                      Confirmed User
                                      • Aug 2006
                                      • 2160

                                      #19
                                      i used to install network systems in offices some 18 years ago, i remember it was all apple networks, then the transition to pc networks started, we all thought it was the death of apple, oh so wrong!
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                                      • epitome
                                        So Fucking Lame
                                        • Jun 2009
                                        • 12156

                                        #20
                                        Originally posted by TheDoc
                                        That money is on Apple U.S. books, in our Banks... it's already been taxed, or it's value wouldn't be on the books and he wouldn't be able to claim that, or he would falsely be boosting the stocks.

                                        Moving money IN for investment goes on Corp Capital Gains taxes, which is extremely low when the money is invested, and in many states, totally tax free from the money, land, and even pay back on what you paid in fed.

                                        The reason they don't manufacture here is labor costs... not that they can't afford them, but more because they don't want extra cost, thus stocks go up higher and higher.... it's as simple as that.
                                        I've read quite a few articles in the last few days saying more than half is sitting offshore due to tax consequences of bringing it onshore.

                                        Comment

                                        • TheDoc
                                          Too lazy to set a custom title
                                          • Jul 2001
                                          • 13827

                                          #21
                                          Originally posted by epitome
                                          I've read quite a few articles in the last few days saying more than half is sitting offshore due to tax consequences of bringing it onshore.
                                          They do... but it's not because of taxes. Those articles are pure bullshit, moving money around for investments and taking the write off for it, is nothing for a corp like apple. At that, having an international U.S. bank account is normal, they still claim that revenue, pay tax on it, etc... they just don't move it here.

                                          A corp with enough liquid cash here, simply has no reason to bring more over - even more so when they aren't spending more than they have.

                                          Even if the tax was zero, the banks will collect a fee... no logical business person is going to move billions over (even if it's already taxed or tax free), just to pay a "bank tax" when they have more money than they're already spending.
                                          Last edited by TheDoc; 02-09-2012, 03:20 PM.
                                          ~TheDoc - ICQ7765825
                                          It's all disambiguation

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