We’re not stock analysts, but we think it’s an interesting milestone when Apple, the “svelte computer maker turned mobile-phone innovator” (as Bloomberg calls them), surpasses Google’s market value for the first time. It’s also a reflection on Google, which is suffering from a bit of dot-com-era Amazon Syndrome, as investors await proof that Google can turn its various new projects into money-makers, the report said.
Apple is now the number three technology company in the Standard & Poor’s 500 index. That puts it behind only Microsoft and IBM. Google’s stock keeps falling, mainly due to worries about the Web advertising market. “There’s no real urgency to go in and buy Google,” said Ross Sandler, an RBC Capital Markets analyst in New York, in the article.