AAPL has out performed GOOG

Summary:Did you see this?John Murrell over at "Good Morning Silicon Valley" writes:So it must have been with an exhilarating sense of satisfaction that Steve Jobs and the Apple brass watched another dazzling set of quarterly financials push the company's stock price up to around $187 a share today, vaulting Apple's market cap past IBM's by about $6 billion.

Did you see this? John Murrell over at "Good Morning Silicon Valley" writes:
So it must have been with an exhilarating sense of satisfaction that Steve Jobs and the Apple brass watched another dazzling set of quarterly financials push the company's stock price up to around $187 a share today, vaulting Apple's market cap past IBM's by about $6 billion.

And while Google-watchers go gaga over its soaring share price (see "A six-letter word for bubble? Try gasbag"), note that an investor who bought Apple on the same day Google stock debuted in 2004 would have, as of the close of market yesterday, made 40 percent more than if the same money had been put into the search sovereign's shares.

From: Apple now bigger than Big Brother
That's a remarkable performance for Apple, founded in 1977. Steve Jobs is Silicon Valley's Babe Ruth.

Topics: Banking, Apple

About

In May 2004, Tom Foremski became the first journalist to leave a major newspaper, the Financial Times, to make a living as a full-time journalist blogger. He writes the popular news blog Silicon Valley Watcher--reporting on the business of Silicon Valley.Tom arrived in San Francisco in 1984, and has covered US technology markets for leadi... Full Bio

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