Google May Pass Apple in Market Cap to Become Most Valuable Company

By Douglas A. McIntyre Updated Jan 13, 10:15AM EST · Published Apr 27, 6:55AM EDT

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Google May Pass Apple in Market Cap to Become Most Valuable Company — © Wikimedia Commons

Apple Inc.’s (NASDAQ: AAPL) disappointing fiscal second-quarter numbers knocked its market value down to $574 billion as shares fell to $97. That may not be the end of the drop. Apple’s 52-week low is $92. When it disappointed investors in May 2014, shares dropped to $84. That price took its market cap to $462 billion, below Alphabet Inc. (NASDAQ: GOOGL), Google’s parent, which was $486. Apple may soon lose its crown as the world’s most valuable company.

Apple’s market cap dropped below Alphabet’s this past February (various calculations of share price times shares outstanding make these figures slightly different) offering a precedent.

While Apple’s share price has dropped much of this year, Alphabet’s has been mostly higher. Its stock is up 28% during the past year. At $708, it is below an all-time high of $790. Alphabet did miss numbers last quarter. So there is a race with Apple for market cap. This may be decided if the iPhone 7 introduction, likely in September, is a bust and Alphabet posts strong numbers for the current quarter.
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Alphabet has a better than even chance of passing Apple in market value in the next several months.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.