Thursday 27 May 2010

News Hub: Apple Officially Bigger Than Microsoft



Apple's Market Cap Takes Lead over Microsoft

DAILY FINANCE: There was a time -- seems like ancient history, doesn't it? -- when Apple (AAPL) played David to Microsoft's (MSFT) Goliath.

No more. At the close of Wednesday's stock trading session, Apple's market capitalization stood at $222 billion, surpassing Microsoft, which had a value of $219 billion. Tech watchers hailed Apple's feat as the end of an era, changing of the guard, pick your metaphor.

The development is a symbolic victory for Apple, which has sparred with Microsoft for over two decades, as well as a sign of the times. Today, Apple is arguably the hottest company on the planet, while Microsoft -- still huge by any measure -- is falling behind. >>> Sam Gustin | Wednesday, May 26, 2010