“Just how ginormous is Apple Inc. now?” Kevin Kingsbury asks for The Wall Street Journal.
“As the iPhone-maker’s shares continue to set fresh record highs, its market cap is now above $765 billion,” Kingsbury reports. “Combined with Exxon Mobil Corp.’s pullback over the past six months, Apple has pulled off the rare occurrence of being worth at least double any other publicly traded U.S. company. No. 2 Exxon’s market cap has eased to $374 billion.”
“On a year-end basis, the last time the biggest company by market value was worth at least double the second-largest was 30 years ago, says S&P Dow Jones Indices’ Howard Silverblatt,” Kingsbury reports. “At the conclusion of 1983, 1984 and 1985, International Business Machines Corp.’s market cap was more than twice Exxon, which ended each of those years in second place. At its widest year-end point back then, IBM was worth 140% more than Exxon.”
Read more in the full article here.
How many Dells is that?
FUNNY !
By approximately this many: ∞
I can see today that the skin of the balloon is starting to leak due to all that air pressure trying to expand it. The Wall Street geniuses know that a balloon was never meant to expand to twice its designed capacity. There are more than a few people waiting to stick a sharp pin into that balloon. That balloon is getting so thin you can see right through it. Please let some of that air out. Ahhh. That’s more like it.
/s
iOil
At the end of the day, EXXON is still second, thirty years later. IBM is now worth about half of EXXON.
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Not classy, but I couldn’t resist.
Damn, I didn’t do that right. I wish we could edit our own stuff.