Christopher L. Jorgensen 2 minute read
May 23, 2016

Apple drops to No. 2 behind this company

For some reason I think you will be reading Matt Krantz name a lot on this site.

Apple drops to No. 2 behind this company

Even after over a decade working with journalists I remained byline blind. I almost always read the article, and only if it was good did I go back to see who actually wrote it.

“This company” is Google (or Alphabet if you are one of those).

A more than 2% fall in Apple’s stock price to $90.32 at the close Thursday compresses the value of Apple - once the most valuable company in the world by far - to $494.8 billion. That makes it second fiddle behind Google parent Alphabet (GOOGL) at $499.9 billion.

“Once the most valuable company in the world by far” is a bit of a stetch. Apple has traded that top spot with other companies in the past. I believe it wasn’t that long ago that Apple dethroned Exxon Mobil. in fact, it wasn’t that long ago that Apple was knocked out by Google for the first time only to claw its way back. I am sure Apple will get there again, only to be displaced again. That’s sort of how these things work.