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-   -   Apple drops below $400B in worth, Google surpasses $300B (http://forums.macnn.com/113/tech-news/500643/apple-drops-below-400b-worth-google/)

 
NewsPoster May 15, 2013 04:46 PM
Apple drops below $400B in worth, Google surpasses $300B
Apple and Google both passed important financial milestones during Wednesday trading, notes <em>The Next Web</em>. While Apple's market value has fallen under $400 billion, Google's value has climbed over $300 billion. The surge in the latter company's worth is being linked to today's <A href="http://www.electronista.com/articles/13/05/15/google.kicks.off.developer.conference/">Google I/O keynote</a>, where the company showcased several new products, services, and features, such as <a href="http://www.electronista.com/articles/13/05/15/hangouts.conversations.to.carry.between.ios.androi d.web/">unified messaging</a> and a <A href="http://www.electronista.com/articles/13/05/15/device.will.be.unlocked.use.unlocked.bootloader.re ceive.timely.updates/">Galaxy S4 with stock Android</a>.<br /><br />Apple does however remain firmly ahead of Google in terms of earnings. The former trades at a valuation approximately one third higher than Google's, with a P/E (price-earnings) ratio just 37 percent as big. <a href="http://macnn.com/rd/285681==http://thenextweb.com/insider/2013/05/15/as-apple-slips-below-400-billion-in-value-google-jumps-past-the-300-billion-mark/" rel='nofollow'>Essentially</a>, each dollar of Google profit is valued more highly, as the market expects the company to grow faster.<br />
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During the past year, Apple's fortunes have both peaked and undergone a precipitous decline. At one point, in September 2012, shares were trading at $705 apiece; that price has since plummeted to roughly $428. iPhone 5 sales and more conservative guidance from Apple are believed to be among contributing factors.
 
bdmarsh May 15, 2013 05:10 PM
It closed the day above $400 Billion, and is continuing to climb after hours...
 
prl99 May 15, 2013 07:01 PM
The crazy thing is Google doesn't really have anything of value. They "give away" their version of free software and operate as a search engine and advertising company. All they have are people. They really don't produce anything.
 
The Vicar May 15, 2013 10:03 PM
As usual, the market rewards crooks who make knockoffs.
 
herojig May 15, 2013 11:21 PM
And the Goog paid 16.7% of that to the DOJ for illegal drug trafficking?!? Does that make Google the biggest cartel in the world? Well, at least we got Jellybean 4.2.2.
 
besson3c May 16, 2013 02:02 AM
Quote, Originally Posted by prl99 (Post 4230729)
The crazy thing is Google doesn't really have anything of value. They "give away" their version of free software and operate as a search engine and advertising company. All they have are people. They really don't produce anything.
Android.
 
Spheric Harlot May 16, 2013 02:18 AM
Yes, he specifically mentioned that.
 
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