Rivalitatea dintre Apple si Google atinge un nou punct important, compania producatoare a sistemului de operare Android “devenind”, mai valoroasa decat Apple, insa totul printr-un mic artificiu. Cei de la Wall Street Journal sustin ca daca luam valoarea capitalizarii bursiere a companiei Apple, scadem cele 145 de miliarde de dolari pe care compania le are in banci si investitii(si 45 de miliarde de dolari pentru Google), atunci Apple are o valoare mai mica decat cea a Google. Practic WSJ considera ca valoarea capitalizarii bursiere reprezinta valoarea pe care piata i-o ofera unei companii, plus banii si investitiile, iar daca inlaturam acele sume, ajungem la “adevarata” valoare a acelei companii.
But the market caps of both companies are swelled by their huge bank accounts. Strip out Apple’s $145 billion of net cash as of March, and Google’s $45 billion. This leaves an enterprise value of $233 billion for Apple, but $241 billion for Google, reflecting the underlying value of the companies’ actual operations. Another way to think about it: If you bought a house for $378,000, but there was $145,000 of cash lying on the living room floor, all you really paid was a net $233,000.
Ca sa fiu sincer, cei de la WSJ au dreptate in felul lor, faca o analogie destul de ciudata, spunand ca daca achizitionam o casa cu 378.000$ (378 miliarde $ fiind valoarea actuala a capitalizarii Apple), iar in casa gasim 145.000$(banii din banci si investitii), atunci practic am cheltuit 233.000$ pe acea casa(valoarea “reala” a celor de la Apple). Voi ce parere aveti, e corecta o asemenea gandire?
