Apple is now the third largest company in America by market cap, having overtaken Wal-Mart for the number three position. At $236.86 the market cap of Apple is roughly US$214.75 billion, compared to Wal-Mart at $55.95 with a $212.9 billion market cap, according to "24/7 Wall Street" (http://247wallst.com/2010/03/30/value-shock-apple-larger-than-wal-mart-m...).
On an enterprise value including debt, Wal-Mart still maintains the lead over Apple as it has over $36 billion in long-term debt versus only about $5 billion for Apple, and Apple’s longer-term liabilities are not even real debt issuance, the article adds. Our favorite tech company will probably never reach the top spot when it comes to US market cap status in the U.S. as...
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