At 12:26 p.m. Eastern, Apple's share price passed Google's for the first time
Source: Bullish Cross
It is said that one of the reasons Apple (AAPL) hasn't split its stock since 2005 is that Steve Jobs wanted to see his company's share price overtake Google's (GOOG).
If that's true, it's a shame Jobs didn't live to see the screenshot above grabbed by Bullish Cross' Andy Zaky. It shows the moment, time stamped Thursday April 5 @12:26:35 p.m. EDT, when Apple at $633.07 first passed Google at $633.
Says Zaky: "First stop, Google, next stop Priceline, final destination, Berkshire Hathaway."
In terms of market value, Apple overtook all three companies years ago.
It looks like something from the Atari era, but Minecraft has made its idiosyncratic Swedish designer a hero in the game industry. And his company is already worth millions.
FORTUNE -- When programmer Markus Persson, 32, began working on a side project called Minecraft in 2009 there was little to indicate it would go anywhere. His boss certainly didn't think so. "I didn't see any potential in it, and that's the MORE
JP Mangalindan, Writer-Reporter - Apr 5, 2012 12:20 PM ET
A giant solar array? An huge fuel cell facility? A second 500,000 sq. ft. data center?
I'm not sure I buy the main reason Jefferies' Peter Misek gave today for raising his Apple (AAPL) price target to $800 from $699: His "increased confidence" Apple is going to release the much-rumored iTV in the fourth quarter of 2012.
My own confidence that Apple is going to get into the television manufacturing business is MORE
Philip Elmer-DeWitt - Apr 5, 2012 11:42 AM ET
Olof Schybergson's Fjord was an unlikely candidate to reshape the way tablet-based banking works. But, its success with Citi and rapid growth may do just that.
By Reena Jana, contributor
FORTUNE -- Olof Schybergson, the founder and CEO of Fjord, a digital design agency that counts Citi, Foursquare, and Flickr among its clients, is a romantic. Sitting at a cafe in New York's Greenwich Village on a sunny day, he's talking dreamily MORE
Apr 5, 2012 11:07 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Google (GOOG) is now testing a pair of augmented reality glasses it intends to eventually sell. "Project Glass," as it's called, will project information onto the lenses for users to consume and interact with. (The New York Times)
* How Facebook is winning the war against Yahoo (YHOO), patent by patent. MORE
JP Mangalindan, Writer-Reporter - Apr 5, 2012 10:34 AM ET
Compare to Windows, OS X is nearly malware free. But it does run JavaScript.
Having written several times -- and taken a lot of heat from PC users -- about the relative security of Apple's (AAPL) operating systems (See Why are there no Mac viruses), I feel obliged to report that Mac OS X is under what appears to be the most serious malware attack to date.
According to a report posted MORE
Philip Elmer-DeWitt - Apr 5, 2012 8:08 AM ET
It's dominant in mobile ads and its Android makes up half of smartphone traffic. Now, it wants to move more businesses onto the mobile web.
By Sierra Jiminez, reporter
FORTUNE — Google launched a new service today allowing companies to transform their websites for viewing on smartphones. The search engine giant hopes that by making sites more accessible, it can improve its lead in the rapidly growing mobile arena.
Google's (GOOG) new service MORE
Apr 5, 2012 5:00 AM ET
It's hard to imagine that gas stations will become "the next Whole Foods." But making them less unpleasant would be good business.
FORTUNE -- A new report concludes that gas-station convenience stores should go "upscale" to boost business, a notion that might sound counterintuitive given the industry's slim profit margins as well as the fact that most shoppers at such stores are in a hurry.
Problem is shoppers increasingly swipe their credit MORE
Dan Mitchell, contributor - Apr 4, 2012 3:24 PM ET
It's known as a disruptor, but the secret of Apple's success may be its incrementalism
It's a bit of a shock to hear TidBITS tech editor Glenn Fleishman describe the iPhone as a "plain phone," but in many ways it is. As he explains it:
Apple released the original EDGE-only iPhone when 3G phones were on the market
It included a low-resolution camera when higher-resolution ones were available
It avoided adding 4G LTE to the MORE
Price targets of $1,001 and $920 are getting the headlines. But what about the stragglers?
If you've read anything about Apple (AAPL) lately, you've probably heard that the stock is on a tear, up more than 50% since January to close at $629.32 Tuesday, a new record high.
Two weeks ago, a flurry of analysts hurried to set new price targets in the $660 to $800 range, and this week two more made MORE
Philip Elmer-DeWitt - Apr 4, 2012 6:45 AM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 9.23 | 0.03 | 0.33% |
| General Electric Co | 19.49 | -0.25 | -1.27% |
| Ford Motor Co | 12.47 | -0.04 | -0.28% |
| Microsoft Corp | 31.52 | 0.31 | 0.99% |
| Sprint Nextel Corp | 2.76 | 0.01 | 0.36% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 13,060.14 | -14.61 | -0.11% |
| Nasdaq | 3,080.50 | 12.41 | 0.40% |
| S&P 500 | 1,398.08 | -0.88 | -0.06% |
| Treasuries | 2.18 | -0.07 | -3.03% |
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