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Apple Market Cap larger than Citi and Google

Apple's Market Cap Surpasses Citigroup

http://www.macobserver.com/stockwatch/2008/04/14.1.shtml

ER: its amazing to see apple's rise from 2001's iPod launch!

by Bryan Chaffin, 8:10 AM EDT, April 14th, 2008

In a somewhat interesting development, at least in a macro-economic kind of way, Apple Inc. is now worth more than Citigroup, though it could be argued that technically, Citigroup is now worth less than Apple, as it is Citigroup's stock losses that has brought about most of the the relative shift in the two company's financial value.

Citigroup was the fourth-largest company in Standard & Poor's 500 Index of the largest corporations at the end of 2006. At that time, according to Tehran Times, which first noticed the shift, Citigroup's value was more than four times that of Apple.

Citigroup's stock has been severely punished by the markets as part of the broader mortgage crisis in the United States. At the close of the regular trading session on Friday, April 11th, Citigroup's market capitalization was $116.7 billion, while Apple closed with a market capitalization of $129.3 billion, a difference of $12.6 billion in Apple's favor.

Market capitalization (often referred to as "market cap") is a product of a company's stock price times the number of shares outstanding.

Part of what makes this valuation noteworthy is that Citigroup is a financial empire with assets and operations in a myriad of forms, and the company operates in many different markets, with many subsidiaries under its control. As of December 31, 2007, Citigroup's assets were reported at more than $2.18 trillion, while Apple's was a mere $25.3 billion.

That comparison isn't entirely black and white, though, as Citigroup's liabilities were listed at that same time at $2.07 trillion, while Apple's liabilities clocked in at some $10.8 billion. The simple math still leave us, however, with Citigroup being the far, far larger company in terms of assets.

Ultimately, however, a company's market cap is determined by the markets with a variety of factors that go far beyond anything as simple as a basic profit and loss statement, and that is what's at play when looking at these two companies.

"The market looks at what Steve Jobs has done and what he's likely to do," Michael Holland, who oversees more than $4 billion as chairman of Holland & Co. in New York, told Tehran Times. "The market is valuing that far more than the financial assets of Citigroup."

For longtime Mac users and AAPL stock observers, this shift is an excellent poster child for the ways in which the perception of Apple in the financial markets has undergone a radical transformation since the introduction of the iPod in late 2001.

Once derided as "beleaguered," and often the subject of imminent predictions of bankruptcy, sale, and other forms of corporate death, Apple is now a darling on Wall Street, and is playing in the rarified playground of the world's largest corporations.

*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.

Name:deasys Posts: 237 Joined: 08 Apr 2003

Mon Apr 14, 2008 2:34 pm Subject:

Apple's market cap is currently larger than that of Google ($130B vs. $107B) and almost equal to that of Cisco ($139B). IBM's market cap ($162B) is just 25% higher than Apple's.

Two weeks from now, Apple's market cap could exceed all three...

Skitch for Screen Cap and Markup

skitch6hOdX1
Originally uploaded by erwin huang

this is Skitch, a pit only available on Mac.
a very simple to use tool for markup and taking notes
i use it almost everyday
and it helps with the blogging
and note taking

works directly with Flickr w a simple button

Evernote, Mac +Online

erwinhuang's notebook - 1 note
Originally uploaded by erwin huang

this is a great update to the Windows based Note taking app:
Evernote,
i had been using it for a while
but the biggest problem for it to fit into my lifestyle is that i have multiple devices
and i do brainstorming and researching one any of them
and my primary device now is my Macbook vader

this new version
comes in Mac and online version!!
and it sync across device!!
this will be a good try,
and it works fine with Skitch as well,
which as become a must for everyday work

Gundam MSigloo 2

Sony Ericsson Paris Slider Leaked? [Cellphones]

We don't have many details of this Sony Ericsson smartphone called the "Paris", but se-nse.net claims that it's a slider, runs Symbian UIQ 3.3 and has quite a large screen. Below the screen will be a P1-style keyboard, meaning two letters per key. That's pretty much all we know, except for a supposed May announcement and September release. That weather widget looks pretty similar to the one in OS X Dashboard if you ask us. Which you did. We heard you! [Se-nse]

View Original Article

ER: the widget type app fits the UIQ's touch screen a lot its a better UI and experience than the current UIQ's buttom based interface

Remember to Register to Vote la!

Blogged with the Flock Browser

the Mobile Tripod that i have been using for years

i still think its the best Tripod around

small enough for my pants pocket, flexible

good as stabilizer

i havent seen it for sale anywhere after i'd got it as part of a software bundle (a whiteboard software)

now it is avail able here 16,99 EUR

Pedco Ultrapod mini Collapsible Table Tripod blue - for Compact Digital Cameras, Webcams etc.

Pedco Ultrapod mini - collapsible Table Tripod

The original from the USA - for digital compact cameras, webcams etc.

* free mobility due to a ball head and swivel socket

* clamping screw with multi-stage friction

* collapsible

* folded only 18,5cm long fits perfectly into a camera bag

* high quality workmanship

* very stabile high carrying capacity

* clamping screw made of aluminum alloy

* legs made of polycarbonate resin

* flattened feet made of antiskid vinyl

* very secure Velcro® strap

* blue

Description:

The collapsible table tripod from Pedco belongs to the best tripods on the market.

Due to the body made of polycarbonate resin and the clamping screw made of aluminum alloy this table tripod offers a high stability. The flattened feet made of vinyl give an additional stability.

Ball head and swivel socket are free moving, so that you can move your camera into every direction. The special feature is the multi-stage friction of the clamping screw. If you screw in the clamping screw halfway the socket is locked. To lock the ball you have to screw in the clamping screw all the way.

The Ultrapod is ideal for location shots with self-timer. Due to the angular main leg you can attach the folded tripod to trees, lampposts or the like. For this purpose the tripod has a Velcro® strap for a secure hold. The vinyl coat of the feet offers additional stability.

Technical Details:

measurements (folded): 10,5 x 5 x 3cm

measurements (positioned): approx. 10 x 13,5 x 13,5cm

weight: approx. 46g

length Velcro® strap: approx. 30cm

tripod screw: 1.4"/20