Apple's market capitalisation is today worth $654bn - making it the most valuable company on the stock exchange - for all time. (Technically, Microsoft had a valuation of $615 billion in December 1999 - which would, in today's money, equate to $850bn.)
Some facts (courtesy of the Economist) about Apple's dominance:
- 4.8% of the S&P 500
- 3.7% of America’s stockmarket
- 1.3% of the global equity market.
Check this chart for its meteoric rise:
Bulls reckon that the price could go even higher—and that Apple could become the world’s first public company with a trillion-dollar market capitalisation.
No reason to doubt the optimists.
The key point is that Microsoft and Apple both generated a new and better user experience for their customers. That's how valuable UX is!
November's Cambridge Product Management Network meeting debates whether Steve Jobs was the world's greatest ever Product Manager.Come along and join us: details here.
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This article was based on Apple's share price on 20th August 2012 when it was $665 per share
In the middle of Sept it rose to $705, giving it a market cap of $660bn - which is still behind Microsoft's heady share price, if you include inflation.
Today's price is $529
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