Apple Poised to Take the Lead As Most Valuable PC Maker
Apple Poised to Take the Lead As Most Valuable PC Maker
by , 7:00 AM EST, January 12th, 2006
Only a day after announcing that Intel-based Macs are shipping, Apple's overall value is already creeping close to PC powerhouse Dell. Apple closed Wednesday with a market cap value of US$71.71 billion, while Dell closed the day at $73.52 billion. Apple's stock is also on the rise, closing at $80.86, Dell closed at $31.35. The numbers show an even stronger interest in Apple by investors than they had only two days ago.
The introduction of the Intel-based iMac, and the pending release of the MacBook Pro was good news for investors, as was the announcement that over 14 million iPods sold during the holiday quarter, bringing the total for the year up to 42 million. Microsoft's five year commitment to continue to develop Office for the Mac also helped to ensure investors that the Mac is a valid platform, and that Apple is in a strong position in the PC market.
Analysts were pleased with Apple's announcements at Macworld Expo, even raising their already optimistic projections on the computer makers value.
Looking forward, the strong product line Apple currently has, along with the release of more new products throughout the year to complete the transition to an all Intel-based Mac line up, is bound to keep analysts and investors paying close attention for the next few months.
Apple has been trading in the pre-market at US$83.90, up 3.04 (3.76%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Thu Jan 12, 2006 9:17 am Subject: OF COURSE Apple Will Be More Valuable Than Dell...
OBVIOUSLY Apple is more valuable than Dell, and the market cap will reflect that in the coming year.
Apple ADDS VALUE to its products at every step of the process with its software, awesome design, and great software-hardware integration, plus comes up with hit new products all the time.
What does DELL do? Sells the same boring commodity boxes year after year, and then tries unsuccessfully to copy Apple's hits. Dull DJ vs an iPod? LOL, who won that fight?
Dell isn't all that valuable, because they don't INNOVATE worth a s***. Hey Mikey, spend some money on R&D and put a little soul into it. It won't hurt ya, I guarantee it.
Some flunky will find a way to write a doom and gloom article about Apple. What is funny is that a lot of so called financial analysts write these articles saying how Apple is doom yet their stock keeps going up and up. You have to wonder who would invest on the advice of an analyst who has missed a stock that has doubled in a few months and went up over 8 dollars in two days.
I have been telling my Physicians Assistant for months to invest in Apple, telling her were I think it was heading and showing her the graphs. She said she wished she had, I have been right all along. Can’t wait to tell her about the last few days during my next appointment!
The stock closed at $83.90, up $3.04 yesterday (the 11th), that's not today's pre-market movement.
in the pre-market today (the 12th, when this article was published) it's currently up $0.96, to $84.86.
842.77 M shares outstanding, market cap at close yesterday: $70.708 B.
Dell's cap at close ($31.24 x 2.35 B) = $73.41 B.
Look at the performance of these two securities over the last 5 years. When I got into the market in 2000, everyone was buying Dell. My father put my grandmother's money into Dell (against my pleadings) and it's flat to marginally lower. Meanwhile AAPL has made me very happy.
Oh, and the "price premium" that we pay as Mac users..? My stock gains are worth several times what I've paid for all my Macs combined. Thanks Steve!!! =)
Apple Computer sold 14 million of its market-leading digital media players in the 2005 holiday sales quarter — up from 4.5 million in the 2004 holiday quarter, Apple CEO Steve Jobs said Tuesday at the Macworld trade show. All told, Apple has sold 42 million iPods — 76% of them in 2005.
Wed Aug 23, 2006 3:47 am Subject:
Wed Aug 23, 2006 9:38 am Subject:
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