As predicted, Apple now worth more than Google
During today's trading, Apple hit a market capitalization of $159 billion; Google's worth hung at a mere $157 billion. In November, when we predicted Apple would soon be worth more than Google, thanks to the iPhone, we drew scathing remarks from the commenters. One called it "the dumbest thing you've ever written." But the iPhone is an even bigger hit than the most fervent Macheads might have predicted. And the Googlephone, as we noted back then, is still just a set of developer tools. (You might get to preorder an HTC Dream running Google's wireless operating system in September.) What we got wrong: Apple dropped its innovative revenue-sharing scheme in favor of the more straightforward — and highly profitable — business of selling cell phones with a subsidy from carriers. (Screenshot by Digital Daily)