With Steve Jobs in charge, Apple created “the best desktop computer, the best portable music player, the best smartphone and now the best tablet,” said Steve Perlman, CEO of OnLive. [Tech ETFs Rode a Robust Earnings Season.]
But as Microsoft struggles to catch up, Apple now faces formidable competition in Google (NASDAQ: GOOG). Google only has a market cap of $151.43 billion, but with GoogleTV soon to be released and the Android operating system growing at a steady clip, Apple will have to continue innovating to stay ahead. [More on the Tech Industry Here.]
You can easily own all three giants in a number of tech funds, including these:
- iShares S&P North America Technology (NYSEArca: IGM): Apple, 9.4%; Microsoft, 7.1%, Google, 5.4%
- Technology Select Sector SPDR (NYSEArca: XLK): Apple, 10.6%; Microsoft, 9.1%; Google, 5.5%
- iShares Dow Jones U.S. Technology Sector (NYSEArca: IYW): Apple, 11.8%; Microsoft, 10.6%; Google, 6.2%
- Vanguard Information Technology (NYSEArca: VGT): Apple, 8.4%; Microsoft, 9.3%; Google, 5.4%
- PowerShares QQQ (NYSEArca: QQQQ): Apple, 16.5%; Microsoft, 4.9%; Google, 4.7%
Sumin Kim contributed to this article.