Just last month we reported that Apple’s share price had touched $600, which was just one month after hitting $500. At that point, it was a given AAPL would pass Google’s share price in no time. Yup, that’s what has happened in less than a month. Today, Apple’s share price closed at about $633, making the company’s shares now more expensive than Google’s. Apple’s market cap is now over $590 billion, nearly three times larger than Google’s.
In the past one year, Apple’s share price has seen a growth of 160 percent, compared to just 12 percent gain Google’s share price has seen. Now, Apple’s market cap is now larger than the combined valuations of Google, HP, Dell, RIM, Microsoft, Nokia, AMD and Motorola Mobility, with a couple billion dollars to spare. Wow. In fact, even to this day, Apple’s share price is undervalued. While AAPL is on its way to a $1,000, Apple’s is on its way to become the first $1 trillion company ever.
In the end, largest amount of marketshare, “open”, and free products continue to “win”, duh.