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Google dethrones Apple as world's most valuable technology company

Jun 26 2013, 1:12am CDT | by , in News | Technology News

Google dethrones Apple as world's most valuable technology company

Is Apple really falling from the tree, nay, the economy?

According to the Wall Street Journal, Google has already surpassed Apple as the most valuable company in the world.

In a MoneyBeat report entitled "Big Apple, Bigger Google," Rolfe Winkler of the WSJ says that Google went passed the Cupertino giant last week, with Apple having a value of $233 billion and Google raking $241 billion.

Winkler notes that the trend won't be noticeable "because the metric by which Google jumped ahead isn’t the widely-watched one of market capitalization." Apple may be ahead in the charts, with a market cap of $378 billion. But peeling off Apple's net cash of $145 billion will reveal an enterprise value of $233 billion.

Google, on the other hand, has a market cap of $286 billion. With a $45 billion net cash, Google takes the first spot with $241 billion, overall. Is Apple really falling from the tree, nay, the economy? 

Source: The Wall Street Journal

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