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
- Apple added 26 new iPhone carrier partners worldwide in November, total now at 433
- Total Apple Watch sales predicted to double this holiday, reaching 12M in 2015
- iPad Pro predicted to drive $2.4B in near-term revenue for Apple
- Goldman Sachs sees Apple's transition into services company driving stock to $163
- Hedge fund manager David Einhorn ups stake in Apple stock to 11.7M shares