Slashdot: News for Nerds


Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

Apple is not the most valuable company ever, despite what everyone says

colinneagle (2544914) writes | about 2 years ago

Apple 0

colinneagle (2544914) writes "Contrary to most reports, Apple is not yet the most valuable company of all time, according to calculations made by the Columbia Journalism Review (CJR).

Stories published by the likes of Bloomberg, USA Today and the Wall Street Journal ran headlines such as "Apple sets record for most valuable company," noted the CJR's Audit blog. But they were wrong, the press watchdog contended.

"Apple is not the biggest or most valuable company in history--not by a long shot," argued CJR. "Apple's $622 billion market cap is a nominal record, which means 'in name only,' or alternatively, not really. That's because it's a record only if you don't adjust Microsoft's 1999 market cap for inflation. Sorry, but you have to adjust any number like this that's that old for inflation — it's comparing apples to oranges not to do so."

According to data from S&P Dow Jones Indices, Microsoft's market capitalization — the value of all outstanding shares — peaked at $620.6 billion in December 1999.

Apple's market cap was $622.5 billion at the end of trading Monday. It had been even higher earlier in the day. But when adjusted for inflation — it requires $1.38 in 2012 dollars to equal $1 in 1999 dollars — Microsoft's $620.6 billion balloons to $853.4 billion, or over $200 billion more than Apple's current cap."

Link to Original Source

cancel ×


Check for New Comments
Slashdot Account

Need an Account?

Forgot your password?

Don't worry, we never post anything without your permission.

Submission Text Formatting Tips

We support a small subset of HTML, namely these tags:

  • b
  • i
  • p
  • br
  • a
  • ol
  • ul
  • li
  • dl
  • dt
  • dd
  • em
  • strong
  • tt
  • blockquote
  • div
  • quote
  • ecode

"ecode" can be used for code snippets, for example:

<ecode>    while(1) { do_something(); } </ecode>
Create a Slashdot Account