by Alyssa Oursler | October 1, 2012 2:37 pm
In the past year, Google (NASDAQ:GOOG) has nearly doubled in value. And today, its continued climb upwards actually catapulted it ahead of fellow tech giant Microsoft (NASDAQ:MSFT) in terms of market value.
That makes Google the second-largest technology company there is, with the crown going to Apple (NASDAQ:AAPL) by a landslide. Google and Microsoft both hover around $248 billion in value, while the iPhone-maker more than doubles that at $623 billion.
Apple isn’t just the most valuable company now, either, but the most valuable company ever. Just this year, it stole the all-time record from Microsoft, which was worth $620 billion back in 1999. The huge company’s value also reached the worth of the entire 1977 stock market earlier this month.
With another title snatched away from Microsoft today, the decline of the PC may be all-the-more evident — especially since MSFT has also stopped innovating and growing.
Google, on the other hand, is never sitting still. The company not only enjoys a clear dominance in the search engine world — controlling around 60% of the market — but is also growing its ad and Android businesses. In fact, its likely to overtake Facebook (NASDAQ:FB) as the top display advertising company out there soon.
That would be just another notch in the booming company’s belt. For today, though, it can enjoy its most recent accomplishment. Second to Apple ain’t a bad place to be.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned securities.
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