Apple (briefly) overtakes Microsoft, Amazon

That was quick.

By the end of the day, Microsoft was back in front, once again the world’s most valuable public company.

Below: Mid-afternoon snapshot of the world’s three most valuable companies.

apple overtakes microsoft amazon

My take: No hugging, no gloating.

9 Comments

  1. John Butt said:

    It could be like hugging a frozen soap bubble – poof!

    0
    February 4, 2019
  2. Gregg Thurman said:

    Market Cap comparisons can be fun, but they’re totally irrelevant as to how Apple is performing.

    1
    February 4, 2019
  3. Michael Thompson said:

    Apple has higher net income than Amazon and Microsoft combined and by a lot.

    In a legitimate market without manipulation, Apple would be twice as valuable or more than either the low margin retailer or Microsoft.

    3
    February 4, 2019
    • S Lawton said:

      It’s what you do with that income that matters.

      0
      February 4, 2019
      • Gianfranco Pedron said:

        What matters even more is what you do when you have so much income that you can’t reasonably be expected to spend it all responsibly.

        0
        February 5, 2019
        • Michael Thompson said:

          Apple is doing exactly what it should be doing with its vast resources, buying its way too cheaply priced equity back from the market. The only question is why weren’t the cash floodgates opened up when we were getting pummeled down to 142.

          I’m not against add-on service based business acquisitions, with the proper valuation only. Gaming, music, healthcare and TV streaming all seem to make sense. Apple needs to grow services to a $100 billion annual business and then eventually surpass iPhone revenue.

          It appears that Apple must at a minimum cut its shares outstanding in half from 4.715 billion to 2.35 billion over the course of years. If the stock still trades like a steel mill going out of business, Apple should cut it in half again. The stock buyback should continue at full force until Apple gains its rightful premium to the market.

          Even after we attain cash neutral status, Apple will still likely have free cash flow of $60 billion plus annually. Thus the buyback can continue for many years and still be larger than anyone else’s by far.

          1
          February 5, 2019
  4. John Konopka said:

    AAPL is up smartly this morning. Is there any particular news driving this?

    0
    February 5, 2019
  5. Gregg Thurman said:

    10 million shares during first hour, I’d venture that Apple has joined the fray with WS Bulls.

    0
    February 5, 2019

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