Feeds

Apple now world's second-largest company

Only $47bn short of oily #1

Build a business case: developing custom apps

Apple is now the world's second-largest company, in terms of market value.

In after-hours trading on the US's tech-heavy NASDAQ market, Apple's share value hovered around $293 per share. At that level, Cupertino's market value comes in at over $267bn, surpassing the former number two, PetroChina, which is valued at a paltry $265.5bn.

As Bloomberg pointed out on Thursday when Apple briefly became number two before falling back to bronze-medal level later in the day, Exxon Mobil is still el numero uno, shuffling along at $314.4bn.

One analyst recently raised his target price for Apple stock to $390 per share. If he's correct, Apple will outshine its oily better by a cool $40bn or so.

Almost exactly 13 years ago, when asked what he would do to fix the then-ailing Apple Computer, Michael Dell famously told a crowd of IT execs: "What would I do? I'd shut it down and give the money back to the shareholders."

Dell's market capitalization is currently $24.6bn.

Oh, and before you ask: Microsoft, $214.4bn; IBM, $169.2bn; Intel, $108.1bn. ®

Build a business case: developing custom apps

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.