Apple’s market cap surpasses Google’s
APPLE STOCK MARKET VALUE INCHES PAST SEARCH GIANT GOOGLE’S, BUT IT’S ‘AN APPLES-TO-ORANGES COMPARISON”
MercuryNews.com published an interesting news where they noticed that now Apple can add a little more swagger to its iPod shuffle.
On Wednesday, Apple became Silicon Valley’s most valued company, nudging out Internet behemoth Google (stock ticker: GOOG) by what amounts to pocket change among the tech giants.
For the first time since Google’s 2004 initial public offering, Apple (stock quote: AAPL)finished the day with a higher market value than the Internet search leader. The total value of Apple’s stock was $158.84 billion, a relative whisker more than Google’s $157.23 billion. That was enough to unseat Google as Silicon Valley’s No. 1 company.
It is just the latest milestone for the maker of Macintosh computers, iPods and iPhones. Both companies are in good spots, but Apple is in a better spot,” said Piper Jaffray analyst Gene Munster.
Posted under US Stocks