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Apple Market Cap
I read an article earlier, but didn't believe it. Maybe it's from the same source, but it says that Apple's market capitalization is now larger than Google's. This really surprised me! Maybe it shouldn't, though, because Apple is becoming a really big player. Some would argue too big, because there's a lot of noise on the web about how Apple is now putting our mediocre products. But that is a topic for another post!
2 comments:
This is really amazing. I looked up the numbers on Smartmoney.com for Apple and Google. Apple's market cap is $156 Billion, with 2007 net income of $3.5 Billion. Google has a market cap of $122 Billion with 2007 net income of $4.2 Billion. So they are close. What I noticed is that the growth of Google's income is leveling off, while Apple's year over year growth still keeps growing fast. I'm sure the idea of the new iPhone market has investors with visions of cash dancing in their heads. I like Google, but I feel that a lot of their products are left unfinished. They generate loads of new ideas, like Gmail, Google Books, Google Earth, and others from their so called "Lab". But like the online office suite, is not quite done. They need to concentrate on something and polish it up. The Kindle, in my view is not a finished product either. The style of the thing seems like the company "Franklin" created it. Maybe they should team up with Sony. They know design but are short on new ideas. Or Apple, but I don't think Apple likes to team up that way. Google maps on the iPhone is about all you get there.
I couldn't agree more, Stitch. I don't think I'll ever buy a Kindle in its present form. As for Google, I think th reason the online apps aren't taking over is precisely what you said. They're ok, but hey, I've got an older version of Office that's native, and it does more! Google needs to polish those apps to be competitive. I admit I absolutely love Google earth, but that's not a productivity app, it's a time waster app.
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