Back in March,
Microsoft Office Standard 2010 Key, Microsoft was above $50 billion in advance of Apple in industry cap. That gap was even now large, but it was the closest the two had been in that measurement of price in decades. The trend was clear: I predicted that Apple would pass Microsoft, it was only a matter of when.
Not even I believed it might be this quickly.
Today, Apple has just passed Microsoft in industry cap. Now, the stocks happen to be fluctuating quite somewhat, so this could modify before the marketplace closes. But as of correct now,
Office 2007 Professional Plus, Apple is ahead, and has been for your past few minutes.
Some publications documented this milestone occurred back in April, but which was a marginally distinct metric. That was the market cap to the S&P 500,
Office 2010 Home And Student Buy an Infected PC for 5 cents, which uses float-adjusted numbers. Today’s milestone is straight-up market cap: numbers of shares outstanding multiplied by share price.
Of course, just how much this number means is a make any difference of debate. The truth is that it really doesn’t mean that much in terms how strong or weak a company is from a financial perspective. However it is a good indicator of trends, and obviously stock performance. That trend is obviously that over the past five years or so,
Office 2010 Key, Apple continues to be destroying Microsoft is gaining stock worth.
Over those past five years, Microsoft’s stock has long been largely stagnant: it’s up about 4%. Apple’s stock, meanwhile,
Microsoft Office 2010, is up some 550% about that same time frame.
Regardless of how the marketplace closes right now,
Microsoft Office Standard 2010, you can likely expect Apple market place cap to surge in advance in the coming days. A week from this coming Monday is Steve Jobs’ keynote at Apple’s WWDC event. There, he’s widely expected to unveil the new iPhone — and undoubtedly some other things. The mere speculation about what he’ll unveil will fuel the price. Microsoft, meanwhile, is losing key executives.
Boom! Fanboys go wild.
Update: And as the markets near closing time, Apple is now nearly $3 billion forward of Microsoft.
Update 2: And sure enough, Apple did close the day in advance of Microsoft: $222.07 billion vs. $219.18 billion.