Tuesday, May 4, 2010
Will Apple Surpass Microsoft?
Posted by Jeff Campbell in "Apple News" @ 10:30 AM
"A few years ago, Steve Jobs allegedly sent a company wide email to his employees to brag about the fact that Apple had just surpassed Dell in terms of marketcap, meaning that - according to the stock market, at least - Apple had become a larger computer than its computer selling rival."
That was, of course, in response to comments made by Michael Dell of Dell Computer when he suggested years previous that Apple should shut down because of the low stock price and give the money back to it's shareholders. Times change but apparently Steve Jobs has a long memory. As it stands now, Apple Stock has to hit about the $290.00 USD price, along with the Microsoft share price holding steady, in order to surpass Microsoft's market cap of $262.21 billion versus Apple's $234.97 billion. With Apple dropping almost $8.00 USD as of the posting of this story, that may not happen anytime soon.