Apple more valuable than HP
by at July 27, 2007 5:56 pm
Sections: Apple News, Apple Online and Retail Store
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Apple’s third quarter profits must’ve impressed a number of people; AAPL stock price rose by 7 percent on Wednesday, putting the market value ahead of Hewlett Packard’s. Apple’s market value currently stands at a hefty $127 billion, surpassing HP’s equally impressive $124 billion.
Apple seems to be on a roll here; the company surged pass Dell earlier in the year and is poised to overtake industry heavyweights like Intel and IBM. Almost every analyst has increased their target of the share price, with most citing increased sales and the impending refresh to the iMac line.
It’s a great time to be an AAPL shareholder.
Via [AppleInsider]
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