Apple now bigger than Jesus, er…Google

Venture Beat — Wed, 13 Aug 2008 14:20:05 -0700

“I wouldn’t be surprised if Apple is worth more than Google within two years,” former Valleywag writer Jordon Golshon wrote last November. He probably didn’t think it would only take nine months — but it has.

In terms of market capitalization, Apple is now worth $158.84 billion to Google’s $157.23 billion, Digital Daily’s John Paczkowski noticed today.

Market capitalization is measured by taking a company’s share price and multiplying by the number of shares outstanding. The fact that Google is off its all-time high share price by nearly $250-a-share ($747.24 to $500.03) while Apple is only off its high by about $20-a-share ($202.96 to $179.30) is playing a role in the reversal.

For some perspective, both are still about $100 billion behind Microsoft, which has a market cap of $254.83 billion.