Apple and Google Trading for Nearly the Same Price

The two most important companies in smartphone technology are inching closer together today, with Apple

shares trading around $568 and Google

trading around $569.

Both stocks are down, with Apple losing just over 1.5%, and Google losing roughly 2%. This is a big adjustment from where the stocks were two weeks ago. On May 17, AAPL and GOOG were almost $100 apart. At that time, shares of Apple were going for $530.12, while Google was trading at $623.05. With Apple's market cap of more than $535 billion (versus Google, whose market cap is just over $186 billion), Apple is still the more valuable corporation. But that hasn't stopped investors from taking notice of Google, which is riding high on its Android platform, the official mobile OS of Samsung's most popular smartphones, including the newly released Galaxy S III. Apple is expected to make an announcement -- presumably involving its MacBook Pro line of machines -- during the upcoming Worldwide Developers Conference (WWDC). But hype for the revised laptops has not helped Apple's shares, which many analysts still believe could go to $1,000.