Apple Shares Continue To Rise

Apple

The share price of Apple has surpassed the share price of Google recently. Following the close of the markets on April 9, Apple shares were at $636.23 compared to the $630.84 of Google.

However share prices do not actually show the actual worth of a company since market capitalization is a much more significant indicator of the value of a company. The market capitalization of Apple is actually much higher compared to that of Google, share prices are more of bragging rights for a company.

Apple shares have actually increased gradually over the past year although much of the increase was noted in the last five months as it went from $363.57in November 25 last year to the current value of Apple shares at $636.23.

Despite its rise, the price of Apple shares pales in comparison to Berkshire Hathaway of Warren Buffett. However in terms of market capitalization, Apple is way ahead compared to the holding company of Buffett.

It is also important to take note that ten years ago Apple shares barely passed the $12 mark and it has come long way since the time when the company may have been considered to be a good candidate for bankruptcy. However a decade after, Apple shares have increased by more than fifty times since it was initially offered in the market. The passing of Steve Jobs may have gone down a little it has increased to a significant degree since then.

According to Philip Elmer-Dewitt of Fortune, Apple shares surpassed Google shares last April 5 for the first time as it increased by around one percent to $631.26 compared to Google shares which were at $630.59 at that time.

The value of Apple shares have continued to increase as it has widened its gap with the shares of Google as of April 9, 2012.