Tuesday, May 4, 2010

A shocking note on Apple

This is more of a "fun fact" than a policy suggestion... but did you realize that Apple's market cap is $235 billion?
That's more than Newmont Mining, Du Pont, Kellogg, Dreamworks, H&R Block, New York Times, Molson Coors, Estee Lauder, Tiffany & Co, Hershey, Harley-Davidson, Expedia, Abercrombie and Fitch, American Eagle, Burger King, CBS, Chipotle, Whole Foods, Starbucks, Netflix, JetBlue, NStar and Dr. Pepper-Snapple Corp.... combined.
I understand that on an enterprise value basis, it's not equivalent (I can't do the math right now, but someone wrote that all those companies together have $30 billion + of debt, while Apple has no debt and could probably pay a $20 billion dollar dividend and be fine... but you can adjust for that. Subtracting DuPont only gets you pretty close if the $30 billion is accurate)
Given Apple's abuse of Adobe's flash, and shenanigans with AT&T... why aren't they a bigger antitrust target?

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