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.