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Apple more valuable than HP

by Marvin Sum on Jul 27, 2007 at 04:56 PM

Hewlett Packard Logo

Apple’s third quarter profits must’ve impressed a number of people; AAPL stock price rose by 7 percent on Wednesday, putting the market value ahead of Hewlett Packard’s. Apple’s market value currently stands at a hefty $127 billion, surpassing HP’s equally impressive $124 billion.

Apple seems to be on a roll here; the company surged pass Dell earlier in the year and is poised to overtake industry heavyweights like Intel and IBM. Almost every analyst has increased their target of the share price, with most citing increased sales and the impending refresh to the iMac line.

It’s a great time to be an AAPL shareholder.

Via [AppleInsider]

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