As I keep watching the sad story of Dell continue to unfold <ggg>, I see that AAPL is now worth almost as much as HPQ and DELL COMBINED! So much for that 'vaunted' low cost direct model. Stevie could buy DELL just to fire Mikey and make him eat those infamous 'Apple words' he said some years ago <gg>..
Regards,
John
From: Sam 12/8/2007 1:48:01 AM
of 38164
OT
Whew! Talk about opportunity cost:
December 7, 2007, 4:36 pm
Apple Hits A New All-Time High; Market Cap $170 Billion, Or More Than CSCO, INTC, HPQ, IBM
Posted by Eric Savitz
Apple (AAPL) shares today hit an all-time high, gaining $4.35, or 2.3%, to $194.30. The stock is now up 129% for the year to date - it finished 2006 at $84.84. Apple now sports a market cap of $170 billion. Compare that to Cisco at $166 billion, Intel at $162 billion, IBM at $150 billion, HPQ at $134 billion and Dell at $56 billion.
I saw no particular news to drive the rise today; several analysts raised price target on the stock yesterday, citing strong demand for iPhones, iPods and Macs.
By the way: I was in the Apple store on University Ave. in Palo Alto yesterday to buy a new iMac (my second, BTW) and was truly impressed with the level of customer service in the store. There’s a concierge greeting shoppers as they walk in, and a veritable army of helpful sales people practically jumping out of their skin to sell you something. Let’s see Dell do that. I don’t know if that justifies a $170 billion market cap, but it does offer some impressive lessons in how to run a retail operation.
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