The San Francisco Chronicle’s web site SFGate.com reports that Apple, while not quite as well capitalized as Microsoft, has an actual business value higher than the Redmond Giant.
… As of yesterday’s stock market close, Apple had a market capitalization of $223 billion. Apple has $23 billion of cash and no debt. Apple’s enterprise value, therefore, is $200 billion.
Microsoft, meanwhile, had a market capitalization of $228 billion. Microsoft has $37 billion of cash and $6 billion of debt (per Yahoo Finance). Microsoft’s enterprise value, therefore, is $197 billion.
So, it’s official: Apple is now worth more than Microsoft.
(And if you don’t consider this an absolutely remarkable turn of events, read this….)
… In the past decade, in other words, Apple has gained about $210 billion of market value and Microsoft has lost about $325 billion. Put differently, a decade ago, Microsoft was worth $540 billion more than Apple.
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