Realistically, Google Is Now Bigger than Apple in the Stock Market [WSJ]
Only a few months ago, Apple was the most valuable company in the world with no way to go but up. Things changed though, and the stock market turned against the company almost as viciously as it was pushing it upwards moments before.
While Apple still sells plenty of devices and still makes a huge amount of money, its market capitalization, based on the price of its shares, has been dropping dramatically.
In fact, when you factor in the amounts of cash Apple is sitting on, which is not insignificant, Google is now more valuable than the former, as the Wall Street Journal notes.
Apple has cash and cash equivalents worth some $145 billion (€111 billion) according to its last quarterly financial report. Google has some $45 billion (€34.4 billion).
If you deduct those sums from the market cap, you get the actual value of a company, as far as investors are concerned. So Google is only worth $242 billion (€185 billion) in the eyes of investors, but Apple is worth just $233 billion (€178 billion).
Via: Realistically, Google Is Now Bigger than Apple in the Stock Market [WSJ]