Apple share price exceeds Google's as its market cap reaches $590 billion
Apple'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.
[ View article on AppleInsider ]
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Miss you and hope you get to post on your blog sooner rather than later.
The stock had dipped down to under $13 a share at that time because of rumors/fears that SJ was going to take Apple into the movie industry, thus deviating from it's core computer and technology product business model, because of his being the CEO of Pixar and reports of him meeting with exec's at Universal/Viacom as well as other MOVIE studios previously (Warner Bros., Sony, etc.).
While he WAS meeting with those people at those companies, it was to negotiate for the MUSIC content at that time, NOT the MOVIE content, much less to get into PRODUCING movie content.
My Apple ESP (Employee Stock Purchase) price at that time was just over $10 (20% discount from market value which again, was under $13).
One of the 3 people argued with me saying "Why would I buy Apple stock for $10 a share when I can buy 10 shares of (some Chinese bean stock - seriously) at only $1 a share and have 10x more shares?!"
"I'm not responsible for other people's lack of foresight, much less their ignorance." - ME, 2001
As an Apple employee at the time, I told 3 people to buy AAPL on Thursday April 24th of 2003, 4 days before the late Steve Jobs introduced the iTunes store on Monday April 28th 2003.
The stock had dipped down to under $13 a share at that time because of rumors/fears that SJ was going to take Apple into the movie industry, thus deviating from it's core computer and technology product business model, because of his being the CEO of Pixar and reports of him meeting with exec's at Universal/Viacom as well as other MOVIE studios previously (Warner Bros., Sony, etc.).
While he WAS meeting with those people at those companies, it was to negotiate for the MUSIC content at that time, NOT the MOVIE content, much less to get into PRODUCING movie content.
My Apple ESP (Employee Stock Purchase) price at that time was just over $10 (20% discount from market value which again, was under $13).
thats almost insider trading... but not quite there...
thats almost insider trading... but not quite there...
Nope.
I didn't KNOW anything.
I only BELIEVED in Steve Jobs, Apple, and their business model/philosophy.
I UNDERSTOOD then why they would prevail as they have now, and FELT that windows computer manufacturers were all doomed to a mass, collective failure because they all shared the same common weak link - windows, and that is why I left Xerox as a network administrator and went to Apple to become a first generation Business Specialist in the second half of 2002.
I've always known from my personal experience in the computer industry that: no windows = no all too common and easily preventable windows problems that windows users had/are/will complained/complain about for the past (more than a) decade and send them running to the competition: Mac.
...and don't even start with the "b-b-but whadabout LINUX?" crap.
Apple's chart is nice and neat, it looks like a nice, almost smooth curve, rising ever higher and higher.
My Apple ESP (Employee Stock Purchase) price at that time was just over $10 (20% discount from market value which again, was under $13).
That's interesting. So today, an employee would have to pay around 500 for one share of AAPL if they still have that deal in place?
Can they turn around and sell it right away? That seems like a real quick way to profit. Is there a limit on the shares they can purchase?
That's interesting. So today, an employee would have to pay around 500 for one share of AAPL if they still have that deal in place?
Can they turn around and sell it right away? That seems like a real quick way to profit. Is there a limit on the shares they can purchase?
I know for my company, you have to take it out of your paycheck to pay for stock and you have to keep it for 6 months. I'm sure it's similar for Apple and other companies. They aren't going to allow you to invest "outside" money at the discounted share price.
Steve Ballmer said something to the effect of, "iPhone market share is a rounding error and I like our strategy a lot." I rest my case. It's rather amazing that Apple's iPhone business is worth more than all of Microsoft.
Awesome!
Wow, I'm glad that I don't trade or own any Google stock. Look at their chart. It looks like a complete mess, up, down, sideways, back down again, etc.
Kind of like how Apple was for most of its life
Apple share price exceeds Google's as its market cap reaches $590 billion
C'mon people. Does everything between Apple and Google have to be a competition?
(Yes, it does
Google's stock has obviously flat lined with a Rocky Road of ups and downs. Apple's Beta is 1 and Google is 1.19. Let's see what else. Google said recently they make more revenue from ad clicks from iOS devices than they do from Android devices. That's kind of strange don't cha think?
That's the risk of making advertising your business model, instead of highly desirable hardware and software.
sure, it looks good... but this is really meaningless.
Apparently there are whole bunch of stupid people who think because Google's stock price is/was higher than Apple's that meant Google is/was winning. One of those stupid people is the author of this article apparently.
Kind of like how Apple was for most of its life
If by "Kind of like how Apple was for most of it's life" you mean "until early 2003 up until the iTunes Store was introduced", then you're correct.
AAPL has had a pretty steady upward trajectory for the past 9 years.
I understand the point the story is making, but Apple shares remain far less expensive than Google shares...
I'd say Apple's shares are more valuable than Google's.