Don't understand your point. Or not. Cheap stocks are cheap for a reason. No one will pay more for them.
It most certainly is and was reported by all the major news services. That doesn't matter even if it were true. There are over 900 million outstanding shares. How many Apple users do you think there are?! And then you aren't talking about market cap. Of course, you're only guessing with that statement, too. Same here.
Market capitalization depends on the share price for the day and hence... it keeps fluctuating with the change in share prices! The difference in the value between the two companies is not great and so it is too early to say if apple has well and truly displaced Microsoft! To quote from the same article.... Regards, RightMan
This is true, however, if you look at the original link in the first post and expand it out to months or years, you'll see the trend and the trend for Apple is up while Microsoft is down. btw, does anyone here remember that over the last six years I've been saying that would happen?
1) 1 person can own more than 1 share 2) Popularity of a company certainly does affect stock price - learn how markets work! High popularity = High demand. High demand = High Prices. Therefore High Popularity = High Prices 3) I mentioned market cap because in your OP you said ("value of a company... It's computed by taking the number of market shares outstanding and multiplying them by the stock price.") your statement is very misleading, Implying that market cap is actually the value of a company. Also, it's not a guess (Current Assets): Total Microsoft Assets: $54,518,000 (http://finance.yahoo.com/q/bs?s=msft) Total Apple Assets: $32,336,000 (http://finance.yahoo.com/q/bs?s=aapl) Microsoft has a commanding 59% more in assets. Additionally Microsoft currently has $6,000,000+ more in equity than Apple (What market cap is technically based off of). Yet apple currently has more market cap than Microsoft. This is a clear indication that shares of Apple are overbought. The company is statistically overvalued. I don't blame you. People just get over excited about little changes like this (and apple fanboys spread this news like crazy - thinking they know what they are talking about). Honestly it's not a big deal but people make it seem that way. In closing - they are still very far from equal.
I daytraded for six years and made a good living off that. I still invest all my savings in the market today. I know how the markets work. Wikipedia offers a good, plain English definition compared to some I've seen: Wikipedia disagrees with you. You mean Apple fanboys like Forbes? What about Reuters? NPR News? The Nasdaq? You mean like William O'Neill and IBD? How about the Wall Street Journal? You may disagree with me and all those organizations I just mentioned and quoted but the reality is Apple has passed Microsoft in market cap and is now the second largest cap company in the world.
Did you back your perception with an investment in Apple? If yes... you surely would have made a killing having already seen an appreciation of 525 % !!!! Regards, RightMan
More than that. Before Jobs came back, and Scully was still running things, I was debating with myself whether to buy 10K of Apple at $10 a share sometime around 2001, I think. Obviously, I didn't. Selling it at $270 would have made me a cool $2.7 million in 10 years.
Honestly - I dont think you know what you're talking about. I'm not going to keep convincing of something you wont believe. So this will most likely be the last message I post on this thread. I'm sure you'll throw your 2 cents in! Just to be clear: 1) I NEVER said microsoft has more market cap than apple. 2) Wikipedia articles (while most are accurate) CAN be very misleading. 3) All news companies care about is attracting attention (and money): The fact that apple has surpassed microsoft in market cap only certainly would draw a lot of attention - but in reality market cap doesn't mean very much. It's constantly changing, most of the time for no reason at all. Take for example MTLQQ (General Motors). They have $315 million in market cap (even after dropping 8% today) yet their company is technically worthless. A higher market cap does not guarantee a bigger company, a more valuable one, or a "better buy". You should know this. Fundamentally go calculate the values of each company and tell me which one is REALLY the better buy. A 6 year trader should know that there is a clear winner. If you've been trading for 6 years+ you must know what I'm talking about, however you continue to disagree with me for some odd reason. What were you doing for six years? Picking random stocks because you liked the name?
Because you are flat out wrong! You don't want to believe anybody do you? I only quoted that one because it was less technical than the others I could have gotten but they ALL say the same thing which YOU say is wrong. In the short term, no, but that is why I mentioned the trend and the trend has shown Apple going up while Microsoft went down. I, too, don't care about day to day but this has been going on for years. THAT is significant. But the only part of that statement that's on topic is "market cap". If you want to talk about the other three things, start your own thread. Fundamentals are important but I'm a technical trader. I look for good companies that are drawing attention and it's mostly the technicals after that but, again, Fundamentals have nothing to do with this thread. 14 years. I only daytraded for six. I'll repeat what I just said. 1) market cap/valuation of a company have nothing to do with what you are trying to argue with me about. I said nothing about Apple being a better buy (though it is). I only said Apple passed Microsoft in market cap and Microsoft is sinking while Apple is rising. I own stock in neither and would not buy in either because I believe Microsoft is an also ran and Apple's price is too high for the type of trading I do. For the record, I bought DGIT at $2.84 and sold it last week at $42.50. The only stock I've owned for years.
Oh my my... what a miss! Being a stock trader myself... I do have my own list of misses, but your miss surely takes the cake! Regards, RightMan
Try missing baidu at 80, going to $700 with a 10 to 1 split!!!! I blew a large below market chance on that haha life goes on
In just 4 years flat... its share price has gone from 4 to 70! Yes... you are right.... life moves on and we seem to miss jackpots... one after another! Regards, RightMan
Yea Apple is a source to be reckoned with they hit a record in sales and don't seem to be stopping any time soon.
This true about several big technology business, for now the big tech google/baidu/apple/msoft keeps getting record profits and small business tech getts crushed in the markets. But stear clear of everything until may is over what a disastrous month for the markets.