toggle

AAPL Stock: 113.99 ( + 1.98 )

Printed from http://www.macnn.com

Apple surpasses Google in market cap

updated 04:15 pm EDT, Thu August 14, 2008

Apple passes Google cap

Apple has overtaken Google in a key industry metric, figures show. Apple's market capitalization -- a measurement of share price multiplied by the amount of outstanding shares -- reached $158.84 billion on Wednesday, beating Google, whose cap at the time was $157.23 billion. The news is significant mainly due to the clout of Google, which closed with a share value of $500.03 on Wednesday, even though the companies are comparatively similar in size.

Although Apple stock was worth only $179.30 by the end of yesterday, the company's cap was still higher, due to having more outstanding shares. Both companies are said to pale next to other tech giants in terms of cap however, as IBM is rated at $170.44 billion, and Microsoft is valued at $254.83 billion.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. njfuzzy

    Joined: Dec 1969

    +2

    Ups and downs

    These things go up and down. I remember the big news when Apple passed IBM... but now Big Blue is a ways ahead.

  1. njfuzzy

    Joined: Dec 1969

    0

    Ups and downs

    These things go up and down. I remember the big news when Apple passed IBM... but now Big Blue is a ways ahead.

  1. HombrePhaty

    Joined: Dec 1969

    +3

    Pales against whom...?

    Apple's market cap "pales" only against MS and Taiwanese tech cos. Yes, IBM has a larger market cap but not by much. Apple has a larger market cap (not that it really matters) than all the other US tech players. I don't know why it should matter, but it still feels sweet that Apple has crushed Dell (in market cap. Dell still dominates in market share and sales).

    Market Capitalization:
    ASUS - 330B (Taiwan)
    MS - 255B
    AT&T - 183B
    Quanta - 172B (Taiwan)
    IBM - 172B
    Acer - 162B (Tawain)
    Apple - 159B
    Google - 159B
    Intel - 137B
    Oracle - 120B
    HP ( Compaq) - 112B
    Dell - 51B
    Sony - 38B
    Adobe - 24B
    Sun Micro - 8B
    Lenovo - 7B
    Novell - 2B
    Palm - 860M
    Silicon Graphics - 76M

  1. Constable Odo

    Joined: Dec 1969

    +3

    If things go Apple's

    way, by next year it's market cap should be kissing AT&T. I think a share price of about $225 should do it. Go Apple. How many people here feel sorry about Dell's market cap. No one? Good. Neither do I.

  1. Constable Odo

    Joined: Dec 1969

    0

    If things go Apple's

    way, by next year it's market cap should be kissing AT&T. I think a share price of about $225 should do it. Go Apple. How many people here feel sorry about Dell's market cap. No one? Good. Neither do I.

  1. climacs

    Joined: Dec 1969

    +3

    clearly...

    the only honest thing left for Michael Dell to do is to liquidate and distribute the proceeds to shareholders.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

DoxieGo Portable Scanner

Sometimes, people need to scan things, but having a computer at hand to do so isn't exactly feasible. Maybe it's the home of a relat ...

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

toggle

Most Commented