Masimo is a $billions dollar company. The description of a “David and Goliath” battle is a tad misleading.
Sure, they acted scummy, but this is just typical BigCorp behavior where one huge corporation steals from another huge corporation.
Sure, they acted scummy, but this is just typical BigCorp behavior where one huge corporation steals from another huge corporation.
> Apple, of course, is one of the largest and most powerful companies in history — it’s the first to hit a $3-trillion — that’s trillion, with a T — market cap.
Apple is at least 100 times bigger than Masimo, 500x based on the numbers in the article. Sounds David and Goliath to me.
Add in the despicable behavior and you've got a story where real life is more than fiction could do.
I don’t want to say Market Cap doesn’t matter, but man is it irrelevant to most discussions and mainly of use to PR agents that want to spin a David and Goliath story.
Apple could acquire Masimo in a stock swap and it would be barely a blip on their share dilution.
Apple is over 500x bigger than Masimo. 6B vs 3000B+
The amount I rounded down on Apple's market cap (32B) is over 5x bigger itself.
They're not even in the same ballpark to be just "two huge corporations"