Apple to be worth more than IBM?

The Unofficial Apple Weblog (TUAW to its friends) is reporting that Apple’s market capitalisation has overtaken that of Google and is closing in on IBM:

The current market capitalization of Apple is US$159.37 billion, squeaking by Google’s market cap of US$157.56 billion. Next in Apple’s sights ought to be the old man on the block, IBM. Their current market value is around US$170 billion. It may take a while for Apple to catch up with Microsoft, though — at the present time MSFT is worth about US$255 billion.

Do these relative values surprise you?  Looking back at the bad Apple days of the late 80s/early 90s it seems amazing to me that Apple could be worth more than IBM sometime soon…

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