America. Recently, it has surpassed Toyota Motor Corporation, as well
as JP Morgan Chase. The list of companies that have smaller market cap
than Apple is quite impressive:
Cisco, Telefonica, ConocoPhillips, Intel, Pfizer, Coca-Cola,
GlaxoSmithKline, Novartis and many other very impressive names. If
AAPL's surge continues for a few more weeks, it will soon surpass IBM,
then Google, Johnson & Johnson...
To see Apple among the twenty most valuable companies in the world is
nothing short of remarkable. I remember we were all discussing this
last November, when we were more-or-less in the same situation,
cracking $190 for the first time. Today, though, it is even more
meaningful. The big reversal of January caused many other companies to
lose value, while Apple quickly regrouped and surged ahead (for
reasons we all know very well - the fundamentals).
The current economic mess is holding back many of the top twenty
corporations, and that is certain to give AAPL a chance to leap over.
This Christmas season, unless there are new surprises like last
January, we just might see AAPL surpass MSFT and get into the top five
(or three).
Some might say: "one can always dream"; this doesn't sound so far-
fetched, though.
