If you strip out the enormous amounts of cash Apple and Google both have sitting in their well hidden offshore bank accounts, Google's actually the more valuable company according to current comparisons of the two tech giants.
The data compares the enterprise value of the two businesses, a figure calculated by removing cash balances from the market capital and seeing what's left. At current valuations, Apple's enterprise value is $233 billion (£150bn), with Google now worth some $241 billion (£156bn) and sneaking ahead for the first time.
Which means that Google's current operations are deemed more favourable than Apple's by the stock market, and you can say that on the internet today when arguing about mobile telephones. [WSJ]