>It’s official, says Howard Silverblatt, the Standard & Poor’s analyst who serves as a sort of high priest of all things S&P 500. He sent out a note moments ago:
It came right down to the trade, but AAPL has an index market value of $241,534 million and MSFT has a market value of $239,515 million – AAPL is #2. What a Job
Just for the record, this doesn’t mean that Apple has a flat out bigger market capitalization than its old nemesis. The S&P 500 is a “float adjusted market capitalization weighted” index, meaning that the size of the market cap is adjusted to reflect the shares out in the public float. (That is, those that are available for the public to trade and not locked up in employee options, for example.) “On a full market value basis, MSFT is still larger than AAPL,” Silverblatt writes. Oh, and for the record Exxon Mobil remains the top dog in the S&P.
Source: MarketWatch
Good job Jobs!
The REAL party starts when Apple passes Microsoft on a “full market basis”…
1. Exxon Mobil (XOM) – $323.69B
2. Microsoft (MSFT) – $275.30B
3. Apple (AAPL) – $242.39B
Originally I’d pegged this moment in 2013 but I may have been pessimistic.
Beers are on me THAT day.
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