Apple passes Microsoft as world's biggest tech co.

May 26, 2010

(AP) -- Apple has surpassed Microsoft as the largest technology company in the world by market capitalization.

Apple's move comes as the company's , and now its iPad tablet computer, have taken on more of the personal computing tasks once handled by computers running Microsoft's Windows operating system and other programs.

Market cap is the dollar value of a company's outstanding shares. On Wednesday, Inc.'s shares slipped $1.11 to close at $244.11, making its market cap about $222 billion.

But Corp.'s stock fell $1.06, or 4.1 percent, to close at $25.01, for market cap of about $219 billion.

The only U.S. business with a higher market value is Exxon Mobil Corp. The oil company's market cap is about $279 billion, based on Wednesday's closing price of $59.31.

Explore further: Apple Updates iMacs With Latest Chip (Update)


Related Stories

Analysts pleased with Microsoft's Windows strategy

June 28, 2009

Shares of Microsoft Corp. fell more than 1 percent Friday, a day after the software giant announced price cuts will be offered as part of its impending release of a new version of Windows.

China Mobile hopes to agree iPhone deal

March 18, 2010

China Mobile said on Thursday it hopes to soon reach a deal with Apple to sell the iPhone, several months after rival China Unicom launched the iconic smartphone in the country.

Soft PC sales send Microsoft profit down 29 pct

July 23, 2009

(AP) -- Microsoft Corp. said Thursday its profit in the last quarter plunged 29 percent because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since the company ...

Recommended for you

Microsoft aims at Apple with high-end PCs, 3D software

October 26, 2016

Microsoft launched a new consumer offensive Wednesday, unveiling a high-end computer that challenges the Apple iMac along with an updated Windows operating system that showcases three-dimensional content and "mixed reality."

Making it easier to collaborate on code

October 26, 2016

Git is an open-source system with a polarizing reputation among programmers. It's a powerful tool to help developers track changes to code, but many view it as prohibitively difficult to use.

Dutch unveil giant vacuum to clean outside air

October 25, 2016

Dutch inventors Tuesday unveiled what they called the world's first giant outside air vacuum cleaner—a large purifying system intended to filter out toxic tiny particles from the atmosphere surrounding the machine.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.