“I wouldn’t be surprised if Apple is worth more than Google within two years,” former Valleywag writer Jordan Golson wrote last November. He probably didn’t think it would only take nine months — but it has.
In terms of market capitalization, Apple is now worth $158.84 billion to Google’s $157.23 billion, Digital Daily’s John Paczkowski noticed today.
Market capitalization is measured by taking a company’s share price and multiplying by the number of shares outstanding. The fact that Google is off its all-time high share price by nearly $250-a-share ($747.24 to $500.03) while Apple is only off its high by about $20-a-share ($202.96 to $179.30) is playing a role in the reversal.
For some perspective, both are still about $100 billion behind Microsoft, which has a market cap of $254.83 billion.