Brian White with Topeka Capital Markets said in a note to investors on Tuesday that previous companies with market capitalization above $500 billion were already dominant in their markets. Apple, however, has a relatively small share of many markets where it competes, giving the company potential for even more growth.
“For example, Microsoft, held over 90% market share for PC operating systems at the peak cap, while Intel had over 80% of the PC processor market and Cisco had over 70% share in the networking market,” White wrote. “On the other hand, IDC estimates Apple held just 4.7% of the PC market in (the first quarter of 2012) and 64.4% share in the mobile phone market in (the second quarter).”
Back in June, White held by some on Wall Street that the $500 billion market cap would be a price barrier to further upside at Apple. Some investors theorized that the $500 billion market cap threshold was a “barrier” for stocks.
At the time, he analyzed five U.S.-based companies that at one time enjoyed market capitalizations of about $500 billion or more: Cisco Systems, Exxon-Mobile, General Electric, Intel and Microsoft. However, among that list, White found “little similarities with Apple.”
Amazon Web Services has announced Glacier, a low-cost storage service that has been customized for data archiving and backup, the company said on Monday.
Areas that are a good fit for Glacier include media archives, financial and healthcare records, raw genomic sequence data, long-term database backups, and information that has to be retained for regulatory compliance, it said.
Today, enterprises typically over-pay for data archiving, because of the upfront cost of an archiving solution, and also because many over-provision to make sure they have enough capacity for data redundancy and unexpected growth, according to Amazon.
Storing data using Glacier costs from US$0.01 per gigabyte per month. Its existing Simple Storage Service (S3) in comparison costs from between $0.125 and $0.055 per gigabyte per month for standard storage. To get the lowest prices, data volumes above 5,000 terabyte are needed. Unlike S3, there is no free tier offered for Glacier.
The two storage services are complementary. Enterprises should use S3 if they need low latency or frequent access to their data, while Glacier is a better fit if low storage cost is paramount; data is rarely retrieved; and data retrieval times of several hours are okay, according to Amazon.
Also, to tie the two closer together, Amazon will introduce an option that allows users to move data between S3 and Glacier based on lifecycle policies in the coming months.
The move means 4G, which allows much faster downloads, could launch in the UK earlier than previously planned.
Ofcom said the move would deliver “significant benefits” to consumers that outweigh any competition concerns.
But Vodafone and O2 expressed surprise and disappointment at the decision.
Ofcom plans to auction 4G bandwidth to other providers next year.
Everything Everywhere will be allowed to offer 4G services from 11 September.
But, as the regulator pointed out, the timing will be a commercial decision for the company itself.
Ofcom said delaying the mobile operator from launching 4G would be “to the detriment of consumers”.
Apple Inc’s market value climbed past $623 billion on Monday, surpassing the record set by Microsoft Corp during the heyday of technology stocks in 1999.
Apple shares rose 2.6 percent, bringing its gains this month to almost 9 percent as Wall Street bets on the September 12 rollout of the latest version of the iPhone, the device that revolutionized the mobile industry.
Microsoft, however, retains the title of history’s most valuable company if its 1999 peak value of about $621 billion were to be adjusted for inflation.
Apple’s stock usually rallies in the run-up to major product launches, among the most heavily watched events on the annual tech calendar. The iPhone is the company’s biggest product, yielding half or more of its sales. Read more →
Apple hit the new milestone—$623.52 billion—at a time when its influence on the economy, on the stock market and on popular culture rivals that of some of the most powerful companies in U.S. history: General Motors Co., whose Corvette and Impala typified a confident postwar manufacturing giant; Microsoft, whose technology heralded the arrival of the personal computer and the early Internet age; and International Business Machines Corp., whose buttoned-down rigor inspired rivals to reach for greatness. “It is one of those iconic companies,” says Richard Sylla, professor of financial history at New York University’s Stern School of Business. “When I think about these companies, their products were used by all kinds of people and their leaders were considered geniuses.”
Apple’s stock-market valuation at Monday’s close of business was greater, in nominal terms, although not in inflation-adjusted terms, than Microsoft’s closing high of $616.34 billion in December 1999. It left Apple’s value more than $200 billion ahead of that of its nearest U.S. rival, Exxon Mobil, which stood at $405.97 billion, according to FactSet. That gap is almost as large as the market value of IBM.
Apple surpassed Exxon a year ago as the current leader in market value but was still well short of Microsoft’s record. In the months that followed, it quickly lengthened its lead over Exxon, like a corporate Usain Bolt.