“As has been duly noted elsewhere, Apple passed Google in total market cap,” Peter Burrows reports for BusinessWeek.
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Burrows continues, “At the close of the day’s trading, AAPL is worth $147.56 billion, while GOOG is worth $144.2 billion… That’s already bringing plenty of mano a mano comparisons as to which company is better situated for the future. [Google CEO Eric Schmidt’s] departure might have led to gradually changing perceptions about the heat of this rivalry, the fact that Apple overtook Google in value so soon after will only accelerate the trend.”
Burrows wonders, “So have we just witnessed a real changing of the guard for the No. 2 spot on the list of tech’s most valuable companies? Is Apple now the nearest rival to Microsoft, which remains far ahead with a market cap of $208.69 billion? Or is this a short-term phenomonon [sic]?”
Full article here.
MacDailyNews Take: This is the second August in a row where Apple’s value exceeded Google’s. Only time will tell if Apple can keep it ahead; with iPhone’s gigantic future revenue potential — along with Mac sales that continue to outgrow the PC industry as a whole — becoming apparent to more and more investors with each passing day, Apple has a shot at staying ahead of Google’s market cap. And, Microsoft is actually not that far ahead; not given how rapidly Apple’s market cap has been known to change vs. how stagnant Microsoft’s is by comparison.
