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AAPL Stock: 97.62 ( + 2.9 )

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Apple surpasses Google's market cap

updated 01:55 pm EDT, Fri August 31, 2007

AAPL passes GOOG

Though Google's per-share price is roughly four times higher than Apple's, a significantly larger number of outstanding shares and a surging stock price have resulted in Apple Inc. surpassing Google in terms of market capitalization at points during today's trading session. As of 10:30 AM PST, Apple's shares were trading at about $138. With 864,948,000 outstanding shares, that price reflects a market capitalization of about $119.4 billion. Google's shares were trading at just over $515 with 231,472,000 outstanding shares, representing a market cap of about $119.3 billion. There shares are still fluctuating, however, and either Apple or Google could be the leader in worth by the end of the trading day.

Earlier this month, shares of Apple Inc. are on a rollercoaster ride. During one week, the shares went from ~$124 on Wednesday to ~$112 on Thursday, then back up to ~$122 on Friday. The reason for the dip may have been pure profit taking by investors who have seen tremendous gains in the stock this year. The shares are up nearly 80% from a year ago.




by MacNN Staff

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Comments

  1. ClevelandAdv

    Joined: Dec 1969

    0

    Yea baby!

    In at $55 out at $135 back in at $115 back out at $139, please drop to $99 so I can get back in and sell at $165

  1. MacnTX

    Joined: Dec 1969

    0

    WTF?

    Umm no, as of 3pm ET, Google's market cap is $160.5 billion, and Apple's is $120 billion. Somebody obviously has the wrong information there...

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