Google worth less than Apple, will try to compete directly in the future?

While we are in the earning season, it’s worth noting that Apple is now valuated at $158.8B, making it just a little bigger than Google’s $157.3B. Obviously both companies are running completely different business, but both have an equally high-profile. Thomas Claburn from Informationweek was saying that “if Google wants to remain relevant in the post-PC era, it needs to get serious about hardware. Google needs a phone, and possibly a PC”. I can’t say that it would not be nice for Google to have all of this, but frankly I don’t see it happening in the short-term: Google has a lot of money and smart people, but I doubt that they can enter in a new industry and overtake Apple or Microsoft, let alone both. Do you think that Google could enter in the PC and the mobile space… and win?