Apple share price exceeds Google's as its market cap reaches $590 billionApple's share price closed today above $633, making the company's shares now slightly more expensive than Google's. Apple's market cap is now over $590 billion, however, nearly three times larger than Google's.
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 roughly12 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.
Five years ago, Apple's market cap was just $75.8 billion, illustrating the massive effect iPhone and other iOS devices have had on building the company's revenues, earnings and therefore market valuation.
On Topic: Investor
- Berkshire Hathaway increases Apple position to $1.46B
- Apple's board chair & general counsel sell over $10M in personal stock
- Apple Inc. gears up to distribute $3.2 billion in dividends to shareholders
- Apple issues $7B U.S. bond to fund stock buybacks, corporate initiatives
- Apple's iPhone falls from 3rd to 5th in China smartphone marketshare