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...om bined.html

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

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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!

I bought Apple at $16 bucks =)

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!

I own absolutely nothing from Apple, so can't blame me!

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.

astonishing numbers

they do have a monopoly on music

Wow! And I was happy to be able to get in at $384

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.

http://www.macobserver.com/imgs/tmo_...9aaplchart.jpg

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!

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 company is scary !

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.

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

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

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!

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.