View Full Version : Apple's market cap overtakes Google

August 14th, 2008, 05:26 PM

Apple Inc. shares continued their upward trend Wednesday to close at $179.30 and send the company's market capitalization to $158.84 billion.

Cupertino-based Apple (NASDAQ:AAPL) surpassed the market capitalization of fellow Silicon Valley behemoth Google Inc., which has a market capitalization of $157.23 billion.

Mountain View-based Google (NASDAQ:GOOG) closed Wednesday at $500.03 but has fewer outstanding shares than Apple.

Even so, Redmond, Wash.-based Microsoft Corp. (NASDAQ:MSFT) and Armonk, N.Y.-based International Business Machines Corp. (NYSE:IBM) still outstrips them both, with respective market caps of $254.83 billion and $170.44 billion.