Thursday, July 21, 2011
Market cap moment
When will Apple Computer be worth more than ExxonMobil?
Both companies are astonishing monuments to human imagination and enterprise.
2 Comments:
By 
, at
Fri Jul 22, 11:29:00 AM:
"When will Apple Computer be worth more than ExxonMobil?"
Don't know. Like comparing an apple to an orange.
Apple's success is off the charts, and was unforeseeable even a decade ago. Which is an argument against central planning.
Together XOM and AAPL have a total market cap of about $800 billion. Were they expropriated, that'd cover about six months of USA deficits at our current run rate.
By , at
Fri Jul 22, 02:45:00 PM:
Would they be this big if their profit margins were as small as Exxon-Mobile's?
