If you are a market leader in your space, the following will illustrate why you shouldn’t get too cozy or complacent.
If you are a start-up, a (hard-working) laggard, or a small-cap CEO playing catch up to the big fish, the following should inspire you to keep pushing on both the sweat and ingenuity fronts.
- Apple’s market value has risen from $US 6 billion in 2002 to $US 152 billion today.
- In the same six year period, Microsoft’s market value has fallen from $US347 billion (or 58 times Apple) to $235 billion (1.5 times Apple).
I knew that Apple had made some incredible strides on MSFT over this decade but I was blown away by the shrinkage in the market-cap multiple between the two. From 58:1 to 1.5:1 – now that is what I call closing ground on the enemy.
Any guesses as to when Apple catches and runs MSFT right over?