October 24th, 2007
AAPL has out performed GOOG
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.
That’s a remarkable performance for Apple, founded in 1977.
Steve Jobs is Silicon Valley’s Babe Ruth.
Tom Foremski reports on the business and culture of Silicon Valley at the intersection of technology and media. He also writes at Silicon Valley Watcher. See his full profile and disclosure of his industry affiliations.
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