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Wall Street: Apple Worth More than Google

Wall Street: Apple Worth More than Google

by , 7:30 AM EDT, August 14th, 2008

Apple Inc.'s market capitalization (market cap) surpassed Google's this week, with the company ending Wednesday with a market cap of US$158.8 billion, some $1.6 billion higher than Google's market cap of 157.2 billion. Apple's stock has been on a run since Friday rising more than $15 per share to close at $179.30.

Google's shares have also been on a heater of sorts, rising more than $25 per share to close Wednesday at $500.03 per share. For those keeping score at home, Apple's market cap is higher because it has more shares outstanding -- 885.9 million -- compared to Google's 314.4 million shares outstanding.

Market cap is the term for the value of a public company as determined by price per share multiplied by the total number of shares outstanding. For the sake of comparison, Microsoft has a market cap of $254.4 billion, while Dell Inc. has a market cap of a mere $50.8 billion. Hewlett Packard (HP) has a market cap of $112.5 billion.

*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.  

If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

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