If you go back six months, changes in the two companies’ share prices seem to be almost in lockstep, but heading in opposite directions. Overall, Google is up 20.6 percent, while Apple is down 37.8 percent.
As of today, at a market cap of $400 billion, Apple is no longer the most valuable company in the world. Google, meanwhile, hit an all-time high of $822.84, closing the day at $821.50 for a gain of 1.9 percent.
Apple is not sitting waiting at the sideline for the fairy to bring the revival; in fact it is moving forward with new products. Though as usual, is tight-lipped about what it has in the pipeline but there are rumors of a lower-cost iPhone as well as reports about iPhones with larger screens. Apple has refreshed its iPhone annually, so we’re not likely to see a new model until the fall.
Apple continues to lead in the tablet market with 53.8 percent market share in 2012, according to IDC. It sold 22.9 million during the last quarter of 2012, compared to 15.5 million during the same period in 2011. But its mark share slipped a little from the previous year as Android increased its share with 43.7 percent of estimated 2012 shipments.
Don’t count this giant out of the race yet. Apple will bounce back soon with something really cool. We hope so.