Latest in Apple

Image credit:

Apple's value is more than Microsoft and Intel combined

Share
Tweet
Share

Sponsored Links

Apple's market cap is now greater than Microsoft and Intel combined. When the market closed on Friday, Microsoft had a market cap of US$201.59 billion and Intel had a cap of $115.21 billion. Combined, they have a market cap of $316.8 billion which is just below the $317.60 billion of Apple. This may the first time Apple has exceeded the powerful Wintel platform.

As MacDailNews points out, no one can forget what Bill Gates said about Steve Jobs in an unpublished 1998 interview conducted by Robert X. Cringely for Vanity Fair. Then the CEO of Microsoft, Gates wondered, "What I can't figure out is why he (Steve Jobs) is even trying (to be the CEO of Apple)? He knows he can't win."

At that point, Microsoft was trading at $29 and had a market cap of $250 billion. Apple was down to a lowly $7.25 and had a market cap of $6 billion. Steve Jobs had resumed the helm as CEO of Apple and was looking to turn things around. I'd say he has been successful, wouldn't you?

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

AT&T hikes TV Now prices by as much as $15 per month

AT&T hikes TV Now prices by as much as $15 per month

View
Samsung won't support Linux on DeX once Android 10 arrives

Samsung won't support Linux on DeX once Android 10 arrives

View
Twitch 'Watch Parties' let streamers watch Prime Video with viewers

Twitch 'Watch Parties' let streamers watch Prime Video with viewers

View
Recommended Reading: The Google Stadia controller prototypes

Recommended Reading: The Google Stadia controller prototypes

View
These $259 Bluetooth headphones are only $79 today

These $259 Bluetooth headphones are only $79 today

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr