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.
Recent TMO Headlines - Updated February 27th
- Fri, 2:53 PM
- Security Friday Browser Edition – TMO Daily Observations 2021-02-26
- Fri, 2:33 PM
- Austin Butler And Callum Turner to Star in 'Masters of the Air' For Apple TV+
- Fri, 2:12 PM
- Apple Music Launches ‘Behind The Songs’ That Spotlights Songwriters, Producers
- Fri, 2:10 PM
- What if Dock Icons Had Launch Animations?
- Fri, 1:58 PM
- MagBuddy Wireless Charge Desk Mount: $49.99
- Fri, 1:55 PM
- Apple and Kia May Yet do a Car Deal
- Fri, 1:43 PM
- Eclectic Light: An Apple Geek’s Delight
- Fri, 12:10 PM
- EU Chief Wrong - Apple Not Working on Vaccine Passports With WHO
- Fri, 11:53 AM
- Google Adds App Privacy Labels to Gmail
- Fri, 11:34 AM
- Facebook Comes Out Swinging on News in Australia and Personalized Ads
- Fri, 9:54 AM
- Apple’s ‘Truth Be Told’ Filming Shut Down by Protesters
- Fri, 9:20 AM
- Review: 'Billie Eilish - The World's a Little Blurry' on Apple TV+ is One For The Fans