Picture this: I was right! Apple is worth as much as Google

Jordan Golson — Wed, 13 Aug 2008 16:24:02 -0400

At the close of trading yesterday, Apple, Inc. had a larger market cap than Google. Apple has been on a tear this year, launching new products like the iPhone and selling record numbers of Macs. Google, on the other hand, is starting to get hit by the slowing economy and has failed to launch a significant revenue generator. And don't even try to compare the iPhone to Android. The latter is hasn't even been released to the public, and it's not clear how it will make money for Google.

Apple today dropped just slightly under Google's market cap of roughly $159 billion, but yesterday's close was enough for my former editor at Valleywag to toot my horn. Nine months ago I laid out a case that Apple would soon be worth more than Google.

My general hypothesis was that Apple has created not just gadgets, but several significant businesses around the Mac, iPod and iPhone, all with separate but related revenue streams. Apple makes money from selling hardware, selling software and selling media like music and applications for the iPhone. And Google? It's just a one-trick pony -- advertising.

More news, commentary, and predictions from The Industry Standard:

Prediction: Apple's iTunes to displace Wal-Mart as largest music retailer in U.S.
Analysis: How MySpace Music could beat iTunes
Analysis: The big merger of 2008: The mobile phone and Web
Analysis: Why podcasting is failing

Picture this: I was right! Apple is worth as much as Google

Jordan Golson — Wed, 13 Aug 2008 16:24:02 -0400

More news, commentary, and predictions from The Industry Standard:

Prediction: Apple's iTunes to displace Wal-Mart as largest music retailer in U.S.
Analysis: How MySpace Music could beat iTunes
Analysis: The big merger of 2008: The mobile phone and Web
Analysis: Why podcasting is failing

Picture this: I was right! Apple is worth as much as Google

Jordan Golson — Wed, 13 Aug 2008 16:24:02 -0400

More news, commentary, and predictions from The Industry Standard:

Prediction: Apple's iTunes to displace Wal-Mart as largest music retailer in U.S.
Analysis: How MySpace Music could beat iTunes
Analysis: The big merger of 2008: The mobile phone and Web
Analysis: Why podcasting is failing