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Apple Computer Surges Ahead of Microsoft in Market Cap
It's been an exciting few days for Apple Computer. Huge sales for their newest product, the iPAD have raised revenue beyond analysts expectations. Apple also attained another milestone as they passed Microsoft in Market Capitalization.
By: Jonathan Andersen - Press Officer
Apple has just passed Microsoft in market cap and that is exciting news but there is more to this story. In the past five years Microsoft shareholders have seen a gain of only 4%. Compared to Apple shareholders 550% in the same timescale.
Apple's recently launched iPAD has just passed the 2 million unit milestone, bringing revenues of almost $1.2 Billion in just 60 short days.
"This is just the beginning" says David Scott, a Senior Broker at Bristol Financial Offshore.
"Next Monday we will hear Steve Job's latest keynote at the WWDC event, where it is very possible the latest iPHONE will be released"
"Apple is a stock that traditionally trades on emotion and it's probable we will see some very strong increases in the coming months with the release of more products"
David's firm have a target of $325 per share for Apple Computer and are rating the company a Strong Buy.
Also cited as a Strong Buy from David is Electronic Arts (ERTS), one of the world's leading makers of computer software.
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Bristol Offshore is an offshore brokerage firm servicing both retail, corporate and institutional clients. All clients have access to an advanced online trading platform accessible through laptop or smartphone.