Apple's stock price, which has been on a steady upward tear for the last few years, closed at $179.30 on Wednesday, sending its market capitalization to $158.84 billion.
That figure, Apple fans were quick to note, is higher than that of search engine giant Google, which closed at $500.03 on Wednesday, with a market cap of $157.23 billion. (Market cap is simply the value of shares times the numbers of shares outstanding. While Google has a higher share value, it has far fewer outstanding shares than Apple, 314.45 million vs. 885.88 million.)
Both companies are still behind tech stalwarts like Microsoft and IBM, which closed with a market caps of $254.83 billion and $170.44 billion, respectively.
Exxon Mobile, which topped the Financial Times 500 list of largest companies by market value as of June, closed Wednesday with a market cap of $406.02 billion.