Apple Overtakes Google
The success of iPhone has fueled a huge surge in Apple's share price unseating Google to become the most valued company in Silicon Valley. By close of trading last week, Apple's market cap moved up to $158.8bn slightly ahead of Google's $157.2bn.
Apple's share price surge has been fueled by the popularity of the iPhone. People are still lining up to get their hands on the most prized phone. Apple has leapfrogged its competition repeatedly with its distinctive, easy-to-use designs-iMac, iPod and phone continue to be the favorites.
Google was the darling of Wall Street but has waned due to the decline of the online advertising as a result of the economy. Also, investors are questioning Google's ability to produce any profit from its acquisition of YouTube.
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