A whopping market capital of $241.5 billion versus Microsoft’s $239.5 billion, made Apple the richest leading company in computer and gadget technology today. Not only that, Apple became the second largest IT company next to Exxon Mobil according to Standard & Poor’s analyst Howard Silverblatt.
The Market capital is said to be a measure in total value of all the outstanding shares of a business, and the investors stand in thinking how much a company is worth, while predicting its further possible earnings and growth.
Apple’s yearly revenues was estimated at $42.9 billion while Microsoft is $58.4 billion, both look small compared to Exxon Mobil’s $301.5 billion yearly income. But considering that if expenses and stocks shares were to be deducted, Apple would have $24.5 billion cash on hand, while Microsoft would amount to $20.7 billion only.
Apple was founded in 1976 by 3 people namely Steve Jobs, Steve Wozniak and Ronald Wayne. Looking back, it originated in Cupertino, California, and was hardly recognized by technology experts. It even made serious failures, roughly more than a decade ago that made its niche really one of the lowest in its entirety. It was ascertained that it would continue to fall until it faded away like the companies of Commodore, Atari, Tandy and other computer makers similar to it.
One of its founder Steve Jobs, left Apple in the 1990’s and returned in 1996 while removing former CEO Gil Amelio and posting himself as new CEO.
The strengths of Apple which focused mainly on “ease of use, consumer-friendly branding, attractive design, and high margins” created more jobs and triggered innovation. The code was also sworn to secrecy, which although openness is preferred, still reaped its own fruits in order to take control.
Now in 2010, Apple had these products already out in the market namely iMac, iBook, iPod, Mac OS X, iTunes Store, MacBook, iPhone, App Store + iPhone SDK and iPad. It has evolved in the field of computers, MP3 players and smartphones with iTunes making Apple the music store with a market share of 26.7 percent while iPad on the other hand is said to outsell the Mac with a weekly sales of 200,000 units.
Truly Apple has come a long way. And I hope Apple keeps up the good work. As they say, it’s a competitive world out there and change is the only thing constant. So it better be Apple heading all the way. As seen, Apple’s and Microsoft’s statistics are just dangling at each other. Where is the consistency Apple? Better make your mark more! Also, there’s really a possibility for Apple to get more revenues, just considering the prices of those MacBooks compared to a Microsoft powered notebook! Mac’s are more expensive!
(via)
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Tags: apple richer than microsoft, apple vs microsoft, steve jobs vs steve ballmer
With innovative products like iPad Apple has really big chance to hold this position in front of Microsoft. Although Microsoft Windows is #1 OS, gadget market is big, and Apple rules on this market.
I have heard about this “vs” fight between Microsoft and Apple. As everyone guesses that this fight is going to won by Apple but in my opinion that might not be possible because of the fact that the Microsoft has a huge experience in that field and has seen many competitors that has failed to curb Microsoft and i am sure that Apple too couldn’t win the fight with the Microsoft. Thanks for posting…