Google passes Microsoft, search engine giant’s market value bigger than PC maker
October 1, 2012, 4:40 P.M. New York local time — Thanks to growing ad revenue, smartphone market share and steady search market share, Google’s market value now bigger than Microsoft, the company behind Windows and Windows Phone.
Thanks to its steady stock price rise over the last quarter, Google’s market value is now bigger than Microsoft, the maker of Windows operating system, Windows Phone and Xbox gaming console. As reported by Bloomberg, Google is now the second most valuable tech company, far behind Apple, the maker of iPhones, iPads and Mac computers.
As of today, Google’s stock price rose 0.7 percent, now sporting the impressive $759.98 (posted before lunch) in New York. The company’s market capitalization is $249.2 billion. For comparison, Microsoft, the software giant based in Redmond, posts 0.3 percent slide and now with $29.67 or about $248.7 billion valuation.
Google is the company behind Android, the most popular smartphone operating system in the world. The company recently acquired Motorola Mobility, the maker of Droid RAZR and other Android tablet computers. Meanwhile, Microsoft is struggling in the market right now as smartphones outsell personal computers and laptops. Microsoft’s mobile operating system, Windows Phone, is also not popular based on the latest data from research firms. The Windows Phone operating system currently sports a single-digit market share score vs Apple’s double-digit 20 to 30 percent market share and Google’s large 50 percent smartphone operating system share.
Google’s growing ad sales and steady search engine market share also helped. It is also worth noting that Apple’s iOS 6 and iPhone 5 products recently struggled in the customer satisfaction department after removing Google Maps and replaced it with the unpopular Apple Maps with a third-party mapping data that does not offer worldwide maps data.
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