If Steve Jobs would have lived six more months, he would have seen one of his dreams come true. On Thursday, Apple's stock price had risen above Google's for the first time in the history of the two tech giants.
Rumours from the Silicon Valley say that Steve Jobs didn't split Apple's stock in order to see his company beat Google in the per-share price battle.
At the end of the yesterday's trading day, Apple's price per share was $633.68 while Google's was $632.32. Although the difference is a little over a buck, for Apple, this is more like a moral victory over a long time rival.
Apple still has a long way to go to reach Google's stock price record, reached at the end of 2007. If market analysts are right, Apple might hit this target by the end of this year.
When it comes to the total market capitalization, Apple is the top tech company with its $582 billion valuation, at the moment. Google is behind by 35.4 per cent with $206.5 billion market capitalization.
Obviously, the market fluctuates, being affected by the investors' confidence, but Apple seems to be on a well established trend. David Penn, analyst at MarketWatch (opens in new tab) said that "for all the concern over Apple-mania, there seems to be little evidence that the stock is in imminent danger of a reversal lower."
source: TheRegister (opens in new tab)