Feeds

Apple's stock price swells above stuttering Google

Somewhere, Steve Jobs is smiling

Reducing security risks from open source software

There used to be a running joke – and perhaps one with more than a little truth to it – that one of the reasons the late Steve Jobs didn't split Apple's fast-rising stock was that he wanted to someday see it pass Google in per-share price.

Had Apple's co-founder lived exactly six months longer, he would have seen that day come to pass: at the final bell on Thursday, Apple closed at $633.68, and Google at $632.32.

Well, the NASDAQ exchange upon which both companies trade doesn't actually have a bell – that's the New York Stock Exchange's tradition, it being physical and the NASDAQ being virtual – but you get the metaphor.

Share prices of Apple and Google stock at market close on April 5, 2012

Apple and Google at close of trading on April 5, 2012
(source: MarketWatch)

Despite lapping the Mountain View ad merchant – if only by a buck and change – Apple has a way to go to match Google's top selling price of $714.87 per share, which it reached on December 3, 2007.

On the other hand, Google's total market capitalization lags far behind that of its competitor a few miles down US Highway 280 in Cupertino. At $206.51bn, it's a mere 35.4 per cent of Cook and Co.'s $582.09bn valuation.

And about that stock split. Apple's stock has split two-for-one three times since the company was first traded: in June 1987, then June 2000, then February 2005. When the markets closed on the day of that last split, the new shares were worth $44.86. That's a hair over 7 per cent of what they're worth today.

Now that Jobs has shuffled off his mortal coil, things may be changing in how Apple views its shares and shareholders. CEO Tim Cook, for example, already made one major move that Jobs never countenanced: Cook – and his board of directors, of course – instituted a share buy-back and dividend program in mid-March.

If Apple's share price continues its meteoric rise – one analyst gave it a 12-month price target of $1,001 on Monday – a split may, indeed, be in the cards.

But should a split not be in the offing, not even the most fervid of fanboise would predict that Apple's stock price could ever overtake the cost of one share of Warren Buffett's Berkshire Hathaway Class A.

That high-priced spread closed on Thursday at $121,945 per share. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.