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Apple's Market Cap Exceeds Google's

Digital Daily brings BOOM!ing word that Apple's market cap has just exceeded Google's, at $159.37 vs. $157.56.

Good on Steve Jobs and Apple. And kudos to Valleywag for saying, way back in 2007 that this would happen because "Apple knows how to design not just gadgets, but the businesses that go around them."

We here at TiPb have been marveling at Apple's unique 360 degree spherical integration for a while now as well.

We, like pretty much everyone else in the blogosphere, probably can't help but wonder how Michael "I'd shut down Apple and give the money back to its shareholders" Dell is doing lately? But is all this market cap stuff really anything more than a seriously juicy headline? Any savvy investors reading, please enlighten me on how much more or faster this news, never mind the ever fickle and capricious dice-game that is the current market, will restore our childlike sense of wonder?

Rene Ritchie
Rene Ritchie

Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.

  • Sure, the market caps are one way to look at them. However, both stocks are trading at P/E multiples that are far too high for any value investor to get in. They are both at multiples in the mid-30s, while the classic "value investors" (Graham, Buffett, etc.) only look at stocks in the 15-ish range. If you buy either of these shares, you might as well just go throw some money on the roulette table. There is a ton of froth in both of these stock prices. Look, for comparison at the shares of some old-school stocks, like Pfizer (trading at a multiple of around 15) and GE (~14). Even MSFT looks reasonably priced at around a 15 multiple.
  • Price of stock is falling. Do you think it will fall more? Euro is falling. I think it is the second wave of crisis.