Apple to surpass Dell marketcap?

MacNN ^ | 01/12/2006

[Panerai]

Apple is closing in on Dell's marketcap. Following its record $5.7 billion revenues and 14 million iPod shipments in the December/holiday quarter and new Intel-based Macs, Apple's stock is trading at an all-time high--near $85--giving the company a market cap of $72.29 billion. As of market-close yesterday, Dell was closer to $73 billion. According to one blog post, Gateway's marketcap is $1 billion, while Microsoft is around $288 billion--or about 4 times that of Apple's. Given the company's record holiday quarter, several analysts have raised their fiscal 2006 and 2007 estimates as well as raised their price targets. The official December quarter financial results will be released next week on Wednesday, January 18, 2006. [Marketcap numbers drawn from Yahoo!]

[FreedomNeocon]

Apples and oranges...

Apple IS Apple, Dell is distributor for IBM.

Let me know when Apple surpasses IBM.

[Clara Lou]

Apple to surpass Dell marketcap
Sounds painful.

[Servant of the 9]

Apples and oranges...
Apple IS Apple, Dell is distributor for IBM.

Let me know when Apple surpasses IBM.

Please tell me how Dell distributes anything from IBM or pays any royalties to IBM.

So9

[RegulatorCountry]

Maybe it's getting close to time for Michael Dell to consider shutting it down and giving the money back to the shareholders, LOL.

[RegulatorCountry]

"Let me know when Apple surpasses IBM."

Since IBM's PC business was bought out by the Chinese, Lenovo, it really doesn't exist anymore as an independent corporate entity.

[rwfromkansas]

What a stupid story.

Apple is still the pathetic little company it has always been when it comes to actual computers.

[Swordmaker]

Apple to surpass Dell marketcap? PING!

If you want on or off the Mac Ping List, Freepmail me.

[spower]

Did someone drop a Mac on a loved one? Why the emotional bashing of Apple?

[pageonetoo]

Apple is still the pathetic little company it has always been when it comes to actual computers.

That "pathetic" company has made me a million, this year... I bought their stock two years ago at a little over 13. It has split once, 2-1, and closed at $84+ yesterday. I'm not ready to cash out! I'm going "all in"...

[goldstategop]

This year's MacWorld comes to an end... today.

(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")

[SlowBoat407]

Apple is still the pathetic little company it has always been when it comes to actual computers.

Pathetic - If you mean that it inspires pity, I disagree. In fact, I have a great deal of admiration for a company that, in the face of a much larger competitor, manages to stay innovative and profitable.

Actual computers - What defines an "actual computer"? It has a CPU, memory, an interface, a display, and an operating system.

Please be more precise in your emotional outbursts.

[Drango]

If I can thread poach a little...Mac users welcome! There is now a major project by FReepers and others regarding protein folding and distributed computing. The effort is dedicated to Ronald Reagan.

http://vspx27.stanford.edu/cgi-bin/main.py?qtype=teampage&teamnum=36120

FReepers are ranked nationally (top 500 soon) in our efforts to help this massive science project. Please join us if you would like to contribute and "Fold one for the Gipper". Here is one of several threads that can help point you to start donating your unused CPUs if you are interested.

http://www.freerepublic.com/focus/f-bloggers/1554097/posts

[anonymous_user]

Let me know when Apple surpasses IBM.

Last Tuesday, with the Core Duo announcement.

[N3WBI3]

Apple IS Apple, Dell is distributor for IBM.

Huh? Dell buys hardware from vendors and makes a PC, very few if any come from IBM.

Apple buys hardware from vendors and makes a PC, very few if any come from IBM (now that they are going intel)

How is this different?

The bigger point is that a Company that the founder of dell wrote of in the 90's and said 'they should close thier doors' is now as successful as his own.

[Tribune7]

Apple IS Apple, Dell is distributor for IBM.

Actually, Apple, at least last year, had far more involvement with IBM. Dell has little or nothing to do with IBM.

[oxlongm]

A good indication that Dell's approach (low cost, high volume, sacrificing margins to grab more and more market share) is not the only way to sell computers.

In determining stock price, market share is only an indirect factor. The market cap is basically the market's assessment of the total present value of all future dividends. And dividends don't come from market share, they come from profits. Apple's profits come from maintaining margins that are abnormally high for that industry. Call it marketing if you want (and marketing is part of it) but it's worked pretty well so far. And if it could easily be copied, more companies would be doing it.

[goldstategop]

Apple can charge more because its operating system is exclusive to its computers. And people seem willing to pay the difference just to get OSX.

(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")

[oxlongm]

That's not really true; it just doesn't exist as a manufacturer of consumer computers. They still sell microchips and business computers, but are now basically a software and tech consulting firm, which seems to be working out pretty well since their market cap is roughly double Apple's or Dell's.

Under better management, maybe they could have made enough to keep the PC business onboard, but usually companies need to focus, and the business IBM's in now is basically more profitable.

[RegulatorCountry]

"That's not really true; it just doesn't exist as a manufacturer of consumer computers."

That's what I thought I had said. Apologies for any lack of clarity on my part.