Filed under: Analysis / Opinion, Apple Financial
Apple market value exceeds Google's
Digital Daily, part of the Wall Street Journal's All Things Digital site, is reporting that Apple's market value is now greater than that of Google. The current market capitalization of Apple is US$159.37 billion, squeaking by Google's market cap of US$157.56 billion. Next in Apple's sights ought to be the old man on the block, IBM. Their current market value is around US$170 billion. It may take a while for Apple to catch up with Microsoft, though -- at the present time MSFT is worth about US$255 billion.
What's your take on when Apple will overtake IBM? I'm betting on April 1st, 2009.
Financial information from Forbes.com
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Reader Comments (Page 1 of 1)
Christian said 10:51PM on 8-13-2008
When will Apple's market cap overtake IBM? 10 months ago: http://www.macobserver.com/article/2007/10/23.12.shtml
Apple exceeding Google isn't really that notable. Google's stock has been pummeled left and right all year, for little fault of Google's own. And really, Apple's surpassing it has only been made possible by the relatively stable price of its stock relative to the surrounding market volatility. Apple's market cap is smaller now than at other times previously this year; it only appears to have "surpassed" Google because Google's stock is down more sharply, relative to Apple's.
That's not to say Apple's stock hasn't taken its lumps too -- we're just now back in the $170s this week, down from the ~$200 market twice over the past twelve months.
Analysts and armchair observers keep wondering why AAPL hasn't shot past $200 like everybody thought, when they're forgetting that in fact for AAPL to even be up where it is in the $150+ range is an astronomical price, especially when looking at year-over-year stock valuations.
It's an incredible time to be an investor in Apple (disclaimer: I own 10 shares), but AAPL owners should be thankful for what they've got, and not pay attention to silly comparisons between Apple's valuation vs. Brand X Tech Company's valuation.
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jthollister said 12:48AM on 8-14-2008
Yeah, Christian, you're right... Apple's value IS only higher than Google's because Google's is lower than Apple! Which is basically what you are saying, in a nutshell.
I'm glad Steven posted this, it is exactly the type of thing I come to TUAW to read about!
Also I believe it's perfectly legitimate to question why Apple's stock is so low. Yeah, year over year, it's still phenomenal, but it's far, far less than what it should be.
Look at the market...every time Apple does well, its stock goes DOWN. It doesn't make sense.
Anyway, I'm glad to hear that despite idiot investors, the company is doing quite well for itself.
P.S. LOVE the new commenter, TUAW!
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William said 6:36AM on 8-14-2008
Apple takes +2,57% today : http://finance.google.com/finance?q=NASDAQ:AAPL
http://www.parlonsdunet.com
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taojones said 8:41AM on 8-14-2008
Apple has the most recognized brand in the world excellent products and lines hours long after a product release over a month ago. How could you possibly do any better? their products have been so radically different that they have completely disrupted 3 major industries so far. they are an overnight player in the phone industry and for some reason (even though their product design guidelines are published in their tec library) other companies aren't clever enough to create a user experience like apples as long as my razor phone starts me on a button to buy a ring tone instead of in my address book the marketing genus that believed this served me not motorola or at&t looses the sale. when the accounting juggernaut that makes apple report the cash 2 years down the road from phone earnings snow balls into a statement that actually reflects the companies cash on hand apple will continue to do great and big fund managers will push the stock down accumulate gobs of it and let it rise again (a traders dream stock) Everyones buying apple computers wait till next quarters earnings!
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DistortedLoop said 9:01AM on 8-14-2008
@Christian - others beat me to correcting you that Apple's market cap exceeded IBM's last year; it was big news when it happened.
AAPL (Apple stock for the uninitiated) is a large cap that trades like a small cap; very volatile. It's also fairly predictable to game it around certain seasons and Apple events/launches.
You don't make clear that the thing's been anywhere between $120 and $200 over the last 8 months or so. A real vomit comet for some people who watch it too closely. It was $150 just last week as I recall...
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David said 11:18AM on 8-14-2008
so what about all these rumors of apple buying google? Apple is the larger co. now.
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