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Google passes Apple, becomes world’s most valuable tech company by one measure

Google Apple Value

With a market capitalization of more than $374 billion as of Wednesday’s close, Apple is worth far more than Google, which has a market cap that now sits at $290 billion. As The Wall Street Journal’s MoneyBeat blog points out, however, Google has surpassed Apple as the world’s most valuable tech company when using a less conventional measure. “The market caps of both companies are swelled by their huge bank accounts,” MoneyBeat’s Rolfe Winkler wrote. “Strip out Apple’s $145 billion of net cash as of March, and Google’s $45 billion. This leaves an enterprise value of $233 billion for Apple, but $241 billion for Google, reflecting the underlying value of the companies’ actual operations.” Winkler uses a good analogy to help illustrate the principle: “If you bought a house for $378,000, but there was $145,000 of cash lying on the living room floor, all you really paid was a net $233,000.”

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




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