After last week's body blow to mobile device competition (via Apple vs Samsung verdict), and with a pending release of yet another must-have iPhone and, possibly, iPad, Apple is poised to only grow -- grow closer to a $1 trillion valuation.
At the time of this post, Apple's maket capitalization is $634,017,000,000 (that's billions) with a share price of $676.31 (AAPL). Market cap in 1999 (and with full, regrettable hindsight by this writer)? $9.29 billion.
It's great to fly high, but natural forces return all share prices to a more normal range. Just look at four main Apple competitors:
- Microsoft: $256.99 billion
- Facebook: $41.22 billion
- Amazon: $111.06 billion
- Google: $223.32 billion
- Total: $632.59
For all of Apple's wins in so many aspects of consumption, they never really have addressed social media. The separation between its four competitors and itself is $43.72 billion.
U.S. & World
News from around the country and around the globe
So, you know, just buy Facebook. All of it.