Hmmm… From Good Morning Silicon Valley…
Ask people these days who Big Brother symbolized in Apple’s classic “1984″ commercial, and a goodly number of folks are liable to say Microsoft. But 23 years ago, the target of Apple’s hammer-wielding freedom fighter was IBM, the PC market leader at the time. So it must have been with an exhilarating sense of satisfaction that Steve Jobs and the Apple brass watched another dazzling set of quarterly financials push the company’s stock price up to around $187 a share today, vaulting Apple’s market cap past IBM’s by about $6 billion.
And while Google-watchers go gaga over its soaring share price (see “A six-letter word for bubble? Try gasbag“), note that an investor who bought Apple on the same day Google stock debuted in 2004 would have, as of the close of market yesterday, made 40 percent more than if the same money had been put into the search sovereign’s shares.