On May 30th 2010, we wrote an article on the first time Apple surpassed Microsoft in stock-market capitalization to become the largest technology company in the world. To date, Apple has held onto its lead, yet revenue and earnings still fall short compared to Microsoft. However, according to Fortunes estimates, things are about to turn around as Apple’s revenues are closer than ever to breaking the technology benchmark, Microsoft. Apple will report second quarter earnings on Tuesday, and Microsoft will follow on Thursday. Whether Apple earnings surpass estimates and surprises the street is something we’re set to know soon, if not, then for the September quarter, analysts expect Apple to generate approximately $16.81 billion in revenue compared to a projected $15.16 billion in revenue for Microsoft. By then, Apple will finally make history in its long battle with Microsoft.
Take a look at the charts below to see how Apple has been closing in on Microsoft.
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An interesting piece was published by GS stipulating that historically speaking the biggest weighted company in the NASDAQ has always underperformed the index. Microsoft and Cisco are prime examples. Guess what? Since Apple became the biggest component on the NASDAQ it has underperformed. Will this change on Tuesday? We will see.
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Sal Reply:
July 21st, 2010 at 2:31 pm
It will certainly break the “biggest component” curse. Yesterday Apple surprised the street again and reported a 78% leap in net income as it rose to $3.25 billion, or 3.51 a share from $1.83 billion a year earlier. Apple was up 4.4% after the announcement, and with Apples strong pipeline it dont think they will have any difficulty.
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