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Google-Apple Valuation Gap Widest Since 2005 on Ads

Google Inc.’s prospects haven’t looked so promising to investors relative to Apple Inc. since before the iPhone was introduced.

Google’s shares, which climbed to a record yesterday, are now trading at 25 times profit, compared with a price-to-earnings ratio of less than 10 for Apple, according to data compiled by Bloomberg. That gap is at its widest since June 2005, two years before competition between the two companies in mobile devices began to intensify.