By one rarely cited measure, Google is now worth more than Apple. Apple still has a market cap of $378 billion compared to Google’s $286 billion, The Wall Street Journal’s Money Beat blog
reports. Yet, “Strip out Apple’s $145 billion of net cash as of March, and Google’s $45 billion … This leaves an enterprise value of $233 billion for Apple, but $241 billion
for Google, reflecting the underlying value of the companies’ actual operations.”
Read the whole story at The Wall Street Journal »