Apple Could Get Bigger Than Google
Google stock is growing at a great pace, up 52.56% in 2007. However, Apple’s stock has been a market sensation, more than doubling and up 135.53% over the last year. Apple’s stock is so healthy, that Apple’s $174 billion market cap could easily top Google’s $219 billion in 2008. The chart above shows Apple (AAPL), Google (GOOG) and for good (and far less spectacular) measure, Microsoft (MSFT) since Google’s IPO in 2004.
This is a real possibility. Both companies have tons of cash, no debt and lots of energy. In Apple’s case, it has recently finished the transition from legacy products and technologies so it is really ready to grow. The only thing limiting both companies is their imagination. Apple’s tremendous upside opportunity is that it seems to be taking over from Sony et al as the main source of consumer electronics.
Comment by John | January 3, 2008