What is Digg?322 Comments
- FreakyD, on 10/28/2007, -21/+226Soon it's going to be iBM
- GiulianoB, on 10/28/2007, -4/+173This isn't entirely true. If you look at the PE for both companies, APPLE has a very high PE while IBM has a low one. Meaning that APPLE is much more overvalued than IBM.
Also let's compare revenue and profit.
IBM pulled in 91 billion last year, APPLE only did 19 billion
IBM had 9.4 billion profit, APPLE had 2 billion
In other words, IBM has almost 5 times the revenue and profit than APPLE
Don't get too excited yet - TonyBalls, on 10/24/2007, -1/+111IBM doesn't really sell any personal computing anymore. Its a lot of consulting and servers. Basically, the companies are a stretch to compare.
- vofuse, on 10/25/2007, -9/+111And we all know market cap is always a true reflection of what a company is worth.
- unloud, on 10/28/2007, -10/+96This is kind of a nice kick in the pants after Apple ditching the G5.
Do you all realize that $5,000 in Apple stock bought in 1997 would now be worth over $150,000? The true Apple fans are getting their paychecks now :-) - sparql, on 10/28/2007, -2/+70Is it just me or is comparing Apple to IBM a lot like comparing McDonalds to Nabisco?
Apple and IBM aren't in the same business and they haven't been for a long time. Apple has become, for the most part, a consumer electronics company. - drlha, on 10/28/2007, -4/+66The difference is that Apple and Google's stock is high because they are *making huge profits*. The 2001 tech bubble burst because the companies were hyped up but didn't make a dime in profits.
- DMCer, on 10/28/2007, -3/+61My wallet is slapping me across the face for not buying thousands of shares in 98 and holding them.
- Ica7us, on 10/28/2007, -16/+71Finally Steve has beaten Big Blue -- that was his goal from day one, wasn't it? Big Blue represented the enemy.
- fluxion, on 10/24/2007, -1/+50party at Spuy767's house
- enshadow, on 10/24/2007, -0/+45IBM and Apple do not compete in any regard. They no longer make personal computers. They don't make digital entertainment devices.
- Spuy767, on 10/28/2007, -2/+41I dmped $6200 into Apple shortly after Steve Jobs returned to the Ailing company in 1997. That $6200 investment is now worth approaching $350000.
- mattvogt, on 10/24/2007, -0/+31How can you beat a company that's not in the same business as you? It's like Toyota finally being 'worth more' than Burger King. But this is all fanboy crap anyway as Big Blue spends way more each year on R&D than Apple as a whole is worth.
- BufordT, on 10/24/2007, -0/+27But soon after, he realized Microsoft was his biggest enemy. He actually achieved a long abandoned goal.
- tizz66, on 10/24/2007, -6/+32Holy crap that's three times you used the same bad grammar :p
Could HAVE, should HAVE, would HAVE! Or, Could've, should've, would've. But not 'of'. - elguando, on 10/25/2007, -5/+30Let's see, Apple reported earnings of $904 million, while IBM reported earnings of $2.36 billion. You do the math.
- 5hocker, on 11/03/2007, -6/+31http://9to5mac.com/apple-passes-ibm-in-market-cap- ...
valleywag should give up their sources - drakethegreat, on 10/24/2007, -5/+27Should of, could of, would of doesn't really mean crap. As if in 98 you would believe someone who told you Apple's stock would sky rocket. You would of laughed since they were releasing those fugly colored eMacs with OS 9.
- msipes, on 10/30/2007, -0/+21Market capitalization is a measure of the value of a company, not a measure of a company's worth. You can look at the two companies' revenues and profits, but that is not really a measure of a company's worth either because it only represents gross or net earnings within a FY.
Not to belittle Apple (because surpassing IBM's market value is a big accomplishment), but a common way to measure a company's "worth" is to examine its assets. Apple has about $17 billion in assets (FY06) compared to IBM which has $103 billion in assets. IBM's stockholder's equity is also 300% higher than Apple's. This means that IBM has a strong hold on its assets and has been able to keep its liabilities low. In other words, IBM is worth much more than Apple, despite Apple's market cap and its diluted share price.
IBM has enough money to buy Apple without even having to dig into FY profits. - Boondoggle, on 10/24/2007, -2/+19Actually Market cap is a measure of the average opinion of millions of investors on what a company is worth. With the exception of bubble scenarios, which RARELY involve just one company but rather entire market segments, it is a very accurate indicator.
- kineticarl, on 10/24/2007, -2/+18And, coincidentally, IBM income = Apple income x ~4
- NSResponder, on 10/24/2007, -1/+17We did not have a tech bubble in 2001, we had a dot-com bubble. The dot-coms weren't tech companies, they were half-assed, harebrained marketing dink operations who thought that taking an order over the web made them special. The VCs bought it, because when you get right down to it, most VCs aren't very bright.
-jcr - GMorgan, on 10/26/2007, -3/+19It won't keep going up, there is no way that Apple as a company are worth more than IBM. In terms of turn over, IBM are the largest tech company on the planet. Of course never shall the stock market, reality and actual performance figures ever meet. The stock market does what it wants irrespective of how the company is doing.
Of course Apple are doing well but they happen to be doing well in very public ventures while IBM are doing better (in profit terms) in less visible ventures. - pr0t0, on 10/24/2007, -0/+15The lowest price I could find for Apple's stock was $3.19 on December 30, 1998. Since then it has had two, 2-for-1 stock splits and is now trading at over $185.
For fun and games, plug in the amount you wish you had invested in '98 and see how much you could be worth right now!
I'm very, very jealous of Spuy767! - firebhaal, on 10/24/2007, -0/+14Yep.
IBM sold their personal computer sector to the asian company "Lenovo" in case people are wondering. - kidcodea, on 10/24/2007, -9/+23you have to be preety stupid and uninformed to think apple is worth more than IBM.
structurewise and supportwise, IBM is deep in society , statusquo and structure.
some people just dont have any idea how deep IBM tentacles reach...
apple is popular, but not important. - dragon76, on 10/24/2007, -3/+16You mean the way Digg regurgitates the front page of yesterday's Reddit?
- Flatlineskillz, on 10/30/2007, -0/+13yes yes we have all seen pirates of sillicon valley. Dr Carter does battle with Gary from wierd science and the guy who does the voice for bender.
- drakethegreat, on 10/24/2007, -0/+13Precisely. Visit IBM and you see guys working on specialized BIOS for their blades and creating specialized software for other businesses. Not exactly the same as when Apple started.
- gquaglia, on 10/24/2007, -0/+12OS400 is probably one of the most secure and stable server OSs out there. OS400 blows away Linux and is light-years ahead of Windows Server in terms of security and stability.
- illt, on 10/24/2007, -1/+13also, IBM's yearly R&D budget is about 12x that of Apple. $6billion
- imnojezus, on 10/24/2007, -1/+13Yep... almost 30 years without a net loss, and they've been dying the whole time. It must be the iPod. That explains their growing market share and huge gains in the home computer/laptop markets. It can't be the quality of OS X, or the Intel switch giving Windows users another option, or the ease of use, or the great design... it was just music all along. Thank you for clearing everything up for us.
- strax, on 10/24/2007, -0/+12I sold at $96 and WAS happy with my profit, but now... :(
Some nice new toys/upgrades coming out in time for Christmas too, from what I hear from my inside sources. (inside sources=online speculation of random blogs) - inactive, on 10/24/2007, -0/+11Safari for Windows is MUUUUUCH worse than Safari on a Mac.
- ZenMojo, on 10/24/2007, -0/+11Then again, if you invested in 1997, chances are you bailed in 1998 when it bottomed out.
- fkr3, on 10/24/2007, -3/+14No no.... Digg users should be more discriminating and not support 'mainstream' blogs who just regurgitate another blog's post and put their own ads around it.
- inactive, on 10/24/2007, -0/+10try 12 hours later. Even Wired had it before
- CraigJ, on 10/24/2007, -0/+10All very true, however, IBM is what I would call a value stock. They are very consistent, and nothing exciting is going on. IBM had revenue of 91,423.00M in 2006 and 91,134.00M in 2005. There is not a lot of growth there, which is the primary thing investors look for. Apple, OTH, 2006 19,315.00M 2005 13,931.00M. A lot more growth, and based on current stats, a lot more to come. The forward PE is about 30, which seems reasonable to me.
- robotexplorer, on 10/24/2007, -0/+10for one try developing and fabing the CPUs for the wii the ps3 and the xbox360.
- zweben, on 10/24/2007, -0/+10It's also still profit. That's the important part.
- Aggaman, on 10/24/2007, -0/+10Those "fugly coloured eMacs" (by which you mean iMacs, actually sold rather well and Apple's stock was on the rise until the tech stock crash took everyone.
At the time of the crash, Jobs said that Apple would simply innovate its way out of it. Whatever you think of him, he was right. - minivanmegafun, on 10/24/2007, -3/+12then why didn't they die in the early 90s back when all they had were computers?
- superkendall, on 10/24/2007, -2/+11Just what Digg needed, stock spam.
- GMorgan, on 10/24/2007, -0/+9IBM sell lots of machines. More than Apple sell anything in total in fact.
Last time I saw a break down IBM turned over something like:
$45B Services
$30B Hardware
$15B Software
Apple turn over about $19.1B.
Of course the IBM figure is crude, I think I saw it in Linux Format when they were interviewing someone from IBM over their Linux relationship. - MacParrot, on 10/24/2007, -2/+11Is accusing people who use different tech than you to be homosexuals really all you got? Is that the only thing you can come back to? I mean really dude, it's a pathetic cry for attention and free medication. You should tell your mom you need mental help...soon.
- FredFredrickson, on 10/24/2007, -7/+16Really, stop pretending like Apple doesn't overcharge... you are making yourself look stupid.
I built a pretty comparable machine (with a larger screen) for about $100 less than Dell's rig, so the real loser here is anyone who buys a pre-built computer from a retailer. - meatmcguffin, on 10/24/2007, -1/+10How do security flaws in Safari for Windows disprove that Mac OS X is secure?
Plus, if anything the iPod made the PowerBook and iBook popular.
Do you have *any* idea what you're talking about? - Spuy767, on 10/24/2007, -0/+9Gates invested $150,000,000 in Apple, powerless shares. Those are now worth over 6 bilion dollars. I don't know if he held on to them.
- liquisoft, on 10/24/2007, -3/+12This is what the experts call "bull."
IBM is worth billions more than Apple. Apple is doing extremely well, don't get me wrong, but they have a long ways to go to beat out IBM. I don't even think Apple wants to beat IBM. Apple is a bit more of a niche product, and they work well that way. - CalipsoII, on 10/23/2007, -0/+8You've yet to complete Grade 6 English, how is it you were around to purchase shares at $5 each?
/boggle -
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