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…