Printed from http://www.electronista.com

Apple stock price now past Google's

updated 02:05 pm EDT, Thu April 5, 2012

Apple share price gets symbolism

Apple achieved a symbolic milestone Thursday after its stock price began outpacing Google's. Starting at about 12:30PM Eastern and continuing through the afternoon, Apple's stock price began repeatedly passing Google's at around the $632 mark. Fluctuations in prices kept the share prices trading places.

The iPhone designer's market capitalization is already more than double Google's, but Apple until this year was well under Google's stock price after its rapid growth through its initial public offering. An exceptionally rapid increase in the past year, particularly in the first few months of 2012, has closed all of the gap.

Speculation has existed that Apple opted against stock splits despite an increasingly expensive share price partly with an aim to passing Google in stock price. The claim hasn't been substantiated other than touching on the late Steve Jobs' known determination to beat Google after the introduction of Android.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. bigmig

    Fresh-Faced Recruit

    Joined: Jan 2004

    +32

    Ugh...

    Please stop contributing to the finance/math illiteracy in our country. Any company could get their stock price past Google's - they'd just have to do a reverse-split. What really matters is market cap (and AAPL passed GOOG by that measure long ago).

    Comment buried. Show
  1. iphonerulez

    Fresh-Faced Recruit

    Joined: Nov 2008

    -15

    When I checked, Google's share

    price was a couple of dollars higher than Apple's. Still too early to start crowing about Apple's share price passing Google's share price. Apple needs to clear Google by about $10 to $20 and hold it for a month or so. Let me know when Apple passes $650 and holds it. Google can still spurt ahead. Hopefully, Apple's earnings will catapult the share price well above Google's if all goes well. I'll definitely be happy to see Apple over that hump. Priceline will then be the next target.

  1. Jeronimo2000

    Forum Regular

    Joined: Aug 2001

    +17

    Oh for crying out loud!

    I agree with bigmig: does the person who wrote this "article" have ANY idea of stock prices and how they "happen"? It means absolutely ZERO if one company's stock price is higher than any other company's stock.

    Suggest further reading: http://en.wikipedia.org/wiki/Market_capitalization

  1. joecab

    Fresh-Faced Recruit

    Joined: Apr 2004

    +16

    ditto

    Really, it's like saying you have three dimes and someone else a million nickels, and you bragging because a dime is worth more than a nickel.

  1. climacs

    Forum Regular

    Joined: Sep 2001

    +4

    hold on people

    I think the article made clear that it was symbolic.

    The Dow Jones is a crppy stock market index. It doesn't even include Apple, because of the poor way in which DJIA companies are weighted (by stock price, not market cap) to figure the index. Yet the DJIA is the most-widely quoted such index in finance... even though it's not really a very good estimate of the direction of the market, except as an indicator relative to previous DJIAs.

    As for the notion that Jobs didn't want to split the stock solely to see it pass Google in price... wow, that would be incredibly petty and kind of dumb. MacNN, was that just idle speculation? I don't care for the passive voice "speculation has existed". This is weasel wording, similar to "some people say" which talking heads on TV are so fond of using. Who's saying this? Who's speculating that Jobs was so petty that he wouldn't split the stock even if it was good for stockholders and the company, until its price passed GOOG?

  1. DCJ001

    Forum Regular

    Joined: Oct 2007

    -5

    Settle Down, People

    One year ago, AAPL was a substantially lower stock price than GOOG. At the close of today's trading, AAPL is a higher stock price than GOOG.

    That is the point that is being made.

  1. Stuke

    Junior Member

    Joined: Feb 2005

    -2

    font-size:13px

    ...you say it, my shares bought in 2001/2002 for $8.xx, $12.xx, and some more around $16.xx are happy and fat!

  1. Jeronimo2000

    Forum Regular

    Joined: Aug 2001

    +6

    Some people still don't get it.

    General Electric's current stock price is around $19. Yes, the big huge GE corporation.

    Seagate's current stock price is around $25. That's those hard drive makers.

    Now, is Seagate in any way bigger or better or worth more than GE?

  1. testudo

    Forum Regular

    Joined: Aug 2001

    0

    Re: hold on people

    I think the article made clear that it was symbolic.

    And yet it's still stupid, symbolic or not!

    The Dow Jones is a crppy stock market index. It doesn't even include Apple,

    OMG! It doesn't include Apple! Then you're right, it is a crappy index. All indexes should include Apple!

    because of the poor way in which DJIA companies are weighted (by stock price, not market cap) to figure the index.

    The Dow Jones, like the S&P and other indexes, are about giving people an idea of how the market is moving during a period of time. It is ALL about the market. Market cap is meaningless to people trading stock!

    And all the indexes are weighted, because they need to be. Otherwise the numbers make less sense over time. The weights come from when companies enter and leave (for example, if they pulled IBM from the DJ and put in Apple, they'd need to weight Apple's price to make it match IBMs, otherwise the Dow would jump like 600 in one day just because Apple joined). The guys doing the math on this stuff aren't idiots. They know what they're doing!

    Yet the DJIA is the most-widely quoted such index in finance... even though it's not really a very good estimate of the direction of the market, except as an indicator relative to previous DJIAs.

    It's actually a very good indicator. If it weren't, guess what, people who know anything wouldn't pay attention to it, and the news would stop reporting it. It strives to combine various industries into the average to get an overall feel for the market (so they can't just load it up with tech companies or steel manufacturers, as it would cause the index to be less representative).

    As for the notion that Jobs didn't want to split the stock solely to see it pass Google in price... wow, that would be incredibly petty and kind of dumb.

    Um, this was Steve Jobs. He was kind of petty at times. Do you not recall how he pulled ATI video from macs after someone over there dared to say something prior to a MW Expo keynote?

  1. facebook_Hammad

    Via Facebook

    Joined: May 2012

    0

    What do you guys think?

    I have been trading GOOG for a while now. I got alerted well before the volume started to pick up and because of this I was able to score a nice profit a few times. The report helped me understand the complete scenario and the pros and cons. It’s always best to buy before everyone else does. Check it out at vippennystocksite.com (Kindly, copy and paste the link in to your browser.)

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News