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)

0 shares

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.

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 ...

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.

Recommended for you

How to build a 1,000mph car (by the scientists behind it)

July 22, 2016

It was a staggering feat, a car that went faster than the speed of sound. On October 15 1997, Andy Green travelled across the Black Rock Desert, Nevada, in the Thrust SSC at 763.035 mph, or Mach 1.02. Two decades on, that ...

Bank hacks raise fears for financial sector

July 25, 2016

A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers.

0 comments

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.