BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Early-adopters finally got their paws on the iPad on Friday, and the excitement quickly spread to Wall Street. As shares of mega-chain Walmart (WMT) dipped, Apple (AAPL) quickly surged and suddenly grabbed the third-largest market capitalization in the US. At the lofty share price of $227.73, Apple's cap calculated to $206.5 billion, surpassing Walmart.
By the bell, Apple settled at $226.60, an all-time closing high and a resulting market cap of $205.48 billion. Walmart finished at $53.90, a cap of $205.09 billion. Only Exxon (XON; cap of $315.38 billion) and Microsoft (MSFT; cap of $256.71 billion) are larger.
In fairness, this is just one measurement of size, and a more robust analysis would include actual revenues. But the latest stat cements Apple's juggernaut status, and its uncomfortably powerful position within the music industry. Indeed, from the major label perspective, a healthy chunk of those billions are coming from their content. And the evidence is found within millions of iPods and iPhones, where most of the MP3s were acquired for free.
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