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HEXUS.sharewatch: Apple market cap equals Wintel

by Scott Bicheno on 6 June 2011, 11:46

Tags: Intel (NASDAQ:INTC), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Nokia (NYSE:NOK)

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In a largely negative week for tech stocks the only two companies to stay in the black (or green in our case) were the two owners of the dominant mobile platforms - Apple and Google. While that's interesting, there was a much more poignant indicator of the broader tech market trends.

Apple's market cap at the end of last week was $316.40 billion. Microsoft's was $201.59 billion and Intel's was $115.21 billion. So that means the two companies that have defined computing - Wintel - for the past 30 years, are now collectively worth no more than Apple alone.

Of course market cap has plenty of flaws as a measure of a company's size and health, not least that it doesn't represent all the company's shares, but as a general barometer it's useful.

And to put this moment into broader historical context, here's another one for you: both Microsoft and Intel shares are worth around 70 percent of what they were ten years ago. In that same period Apple's shares have increased in value by a factor of 32. Damn.

The big loser of last week was Nokia, of course, after it gave a sales warning. The Finnish handset giant is another casualty of Apple turning the mobile device market in its head four years ago, and it's worth noting that as recently as February 2008 Nokia's share price was $37.62, giving it a market cap of $143 billion. Damn again.

 

Company Listing Share price 16/5/11 Share price 23/5/11 Share price 30/5/11 Share price 6/6/11 7-day change Market cap (bn)
AMD AMD 8.90 8.62 8.49 7.97 -6.1% 5.48
Apple AAPL 340.50 335.22 337.41 343.44 1.8% 316.40
ARM ARMH 28.51 28.03 28.51 28.14 -1.3% 12.62
Avnet AVT 37.21 36.51 35.54 33.02 -7.1% 5.04
Cisco CSCO 16.88 16.53 16.46 16.01 -2.7% 88.06
Dell DELL 16.37 16.01 15.79 15.59 -1.3% 29.42
Google GOOG 529.55 524.03 520.90 523.08 0.4% 168.56
HP HPQ 40.41 35.98 36.96 36.11 -2.3% 78.14
IBM IBM 169.92 170.16 167.50 165.05 -1.5% 201.28
Intel INTC 23.41 23.22 22.21 21.73 -2.2% 115.21
Microsoft MSFT 25.03 24.49 24.76 23.91 -3.4% 201.59
Nokia NOK 8.54 8.31 8.20 6.66 -18.8% 25.30
Nvidia NVDA 18.26 18.09 19.50 18.46 -5.3% 11.08
Oracle ORCL 35.19 34.27 33.70 32.33 -4.1% 163.61
Qualcomm QCOM 57.12 57.38 57.35 57.04 -0.5% 95.23
Sony SNE N/A 27.05 26.85 26.38 -1.8% 26.50
Vodafone VOD N/A 28.42 28.10 26.89 -4.3% 138.01
Dow .DJI 12595.75 12512.04 12441.58 12151.26 -2.3% N/A
FTSE 100 .FTSE 5925.87 5948.49 5938.87 5855.01 -1.4% N/A
NASDAQ .IXIC 2828.47 2803.32 2796.86 2732.78 -2.3% N/A


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