Google Apps Catching Up with Apple (GOOG, AAPL, WMT, XOM, MSFT)

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Google Inc. (NASDAQ: GOOG) recently claimed to be activating 1.3 million Android-based smartphones every day. All those phones need apps from Google’s Play (apps) store, and the company announced on its blog today that indeed customers are snagging those apps. More than 25 billion to be exact.

Google says there are 675,000 apps available through Play, a number in the same neighborhood as the 700,000 apps claimed by Apple Inc. (NASDAQ: AAPL) at its Apps Store. Apple said in March that it had passed 25 billion apps downloads. In the handset wars, Google claimed about 500 million smartphone activations earlier this month to Apple’s 400 million (as of June). The release of the iPhone 5 certainly will add to Apple’s tally, but with so many handset vendors offering Android-based phones Google likely has a permanent lead here.

To celebrate the milestone, Google is offering by offering a huge selection of apps for just $0.25 apiece for each of the next five days. That ought to drive apps downloads even higher.

In another milestone for the search giant, investment advisor Bespoke Investment Group said today that Google is now the fifth-largest U.S. firm measured by market cap ($249 billion), right behind Wal-Mart Stores Inc. (NYSE: WMT) at $251 billion. Apple is numero uno at $644.6 billion, followed by Exxon Mobil Corp. (NYSE: XOM) at $424 billion and Microsoft Corp. (NASDAQ: MSFT) at $257.4 billion.

And of the top five, Google is by far the youngest, having become a public company in August 2004. Search — still the web’s killer app.

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618