Apple's Market Value Greater than Windows and Intel Combined
It's been a good run for Steve Jobs as CEO of Apple the second time around. The man has steered the ship so to speak as Apple has released three market defining products in the iPod, iPhone, and iPad.
Apple's become iConic, if you will.
Friday as the New York Stock Exchange came to a close after six straight days of losses, and a poor jobs report left investors wary, amidst all the distress Jobs' second tenure as Apple CEO achieved another landmark. Apple's market value closed at $317.6 billion, or more than the market value of Microsoft and Intel combined.
Shares of Apple traded at $8.41 a share the day the iPod was released in 2001. On Friday Apple's stock closed at $343.38 a share. Microsoft's stock closed Friday at $23.87, nearly half of what it was worth back in 2001.
Ballmer has to hate this fact, even if he is absurdly rich.