Internet search giant Google shot past consumer tech behemoth Apple as the most valuable tech company on the planet in terms of enterprise value.
Enterprise value is in essence the value of a company’s business.
Apple has US$145bn in cash and Google has US$45bn in cash. Eliminate that and Google’s enterprise value amounts to US$241bn, compared to Apple’s US$233bn.
The Wall Street Journal reported that Google surpassed Apple in enterprise value a week ago.
In terms of market capitalisation, Apple is still worth US$100bn more than Google.
As of this morning, Apple’s market capitalisation totalled US$378bn and Google’s amounted to US$278.4bn.
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