Feeds

Apple now world's second-largest company

Only $47bn short of oily #1

5 things you didn’t know about cloud backup

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. ®

The essential guide to IT transformation

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
Chumps stump up $1 MEELLLION for watch that doesn't exist
By the way, I have a really nice bridge you might like...
HUGE iPAD? Maybe. HUGE ADVERTS? That's for SURE
Noo! Hand not big enough! Don't look at meee!
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.