Thanks to Google's stock losing some ground yesterday, and Apple gaining some, what I've been waiting for, but wasn't really sure would ever happen, well happened ..... Apple's stock just surpassed that of Google's price of $632.32 per share!
Apple's stock just hit the sweet little old $633.68 per share mark at the end of closing yesterday, and besting the search giant for the first time ever.
What does this mean exactly? Not much, and especially since Apple's stock is but a little over a dollar per share higher, but it does mean a lot when you consider that Apple has considerably more outstanding shares than does Google. In other words: Apple is a hell-of-a-lot more valuable than Google, or for that matter, any other company on the face of God's green earth!
Talking about market cap, Apple's, the world's most valuable company by far, now has an astounding cap of some $ 590.82B! Google, on the other hand, is barely worth one third of Apple, or some $ 205.59B. Apple isn't quite yet 3 times as more valuable, but it's clearly headed in that direction. To me, what is really interesting is that Apple is now worth more than a whopping $ 190B more than the world's former market cap champ, Exxon, who's value is still an impressive $ 399.78B, making it the world's second most valuable company.
AppleInsider, for instanced, noted that:
"While the two competing and collaborating tech companies now have nearly identical stock prices, Apple's has appreciated 160 percent over the last two years, compared to the roughly 12 percent gain Google has realized over the same period.
Apple's market cap is now larger than the combined valuations of Google, HP, Dell, RIM, Microsoft, Nokia, AMD and Motorola Mobility, with a couple billion dollars to spare."
Not only have I waited for Apple to eventually surpass that of Google's lofty stock price, like I did when it surpassed that of its old and mighty nemesis, Microsoft, or when it recently took the crown as the world's most valuable company, I did so from a background where I remember when Apple was down and trodden and headed for the history bins. Apple was then the butt of jokes, and Windows lovers would forever tease me by asking, "if Apple was out of business yet?"
In conclusion, I can remember like it was yesterday when Apple's stock price was around a measly 6 or seven dollars per share, and its market cap was around a paltry $ 1.6B or so, and when Mr. Michael Dell infamously stated, in 1997, that if he were Steve Jobs, "...... I shut it down and give the money back to the shareholders," and now look where Apple is! Simply amazing, isn't it?
And that's my 2 cents 4 this absolutely glorious sunny Friday, April 06, 2012
Apple Stock image via: MoneyWeek