AAPL Worth More than GOOG
Posted by Jeff as Uncategorized
And it’s a completely worthless comparison. Two companies in very different markets and subject to different economic factors related to costs and who buys their products. Lastly, it’s not a zero sum game folks… traders buying AAPL ain’t selling off their GOOG positions as a consequence. It’s also worth pointing out that AAPL is a hell of a lot more volatile than GOOG, a factor which taken in isolation drives more trading in the stock.
On Wall Street, the phenomenal popularity of the phone has fuelled a 44% surge in Apple’s share price in 12 months. By the close of trading on Wednesday, Apple’s market value had edged up to $158.8bn – a shade ahead of Google’s $157.2bn.