A decade ago, Apple (Nasdaq: AAPL) was a struggling computer maker on the cusp of reinventing itself, thanks to the imminent launch of iPods, iTunes, and many other hardware and services that would help propel the company to an eventual $585 billion market value. Back then, Google (Nasdaq: GOOG) was also on the cusp of strong growth, thanks to its impressive search engine. Google’s current $400 billion market value is a testament to that company’s greatness. #-ad_banner-#A decade on, Apple and Google have taken aim squarely at each other. Each now offers a mobile phone platform, both companies are using… Read More
A decade ago, Apple (Nasdaq: AAPL) was a struggling computer maker on the cusp of reinventing itself, thanks to the imminent launch of iPods, iTunes, and many other hardware and services that would help propel the company to an eventual $585 billion market value. Back then, Google (Nasdaq: GOOG) was also on the cusp of strong growth, thanks to its impressive search engine. Google’s current $400 billion market value is a testament to that company’s greatness. #-ad_banner-#A decade on, Apple and Google have taken aim squarely at each other. Each now offers a mobile phone platform, both companies are using their operating systems and hardware ecosystems to obliterate the traditional PC industry, each firm is gaining strong traction with their entertainment portals (iTunes and Google Play), and each intends to play a key role in the next generation of car stereos. As these business models converge, it becomes easier to compare these two firms on an apples-to-apples basis. Notably, Apple has become the value play, while in some respects, Google has become the superior growth model. As an example, Apple is settling into a phase of respectable growth while Google is still in the midst of rapid growth. Read More