Apple now the most valuable computer maker in the world
Tuesday, October 23, 2007 - 02:46 PM EDT
“Itâ€™s official. Apple is the most valuable computer maker in the world,” Saul Hansell reports for The New York Times.
“In the wake of the companyâ€™s better than expected earnings in the quarter ended September 30th, Appleâ€™s shares rose by nearly 7 percent, making the companyâ€™s total market value $162 billion,” Hansell reports. “That edges out IBM, worth $155 billion, and Intel, worth $156 billion. Apple also surged past Nokia, the most valuable cellphone maker, which is worth $150 billion.”
Hansell reports, “Indeed, Apple is now the fourth most valuable technology company, after Cisco ($189 billion), Google ($208 billion), and Microsoft ($290 billion).”
“For an investor, one question is whether Apple can capitalize on its momentum to catapult itself to a business that doesnâ€™t depend so much on each successive product introduction,” Hansell reports. “To do so, Apple will increasingly find itself battling with the three other companies at the top of the tech totem pole. Microsoft, of course, thought that it had defeated Apple in the operating system a decade ago, only to find its rival has revived, stronger than ever.”