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: BofA to refund Apple Pay customers charged twice

5 /5 (5 votes)
add to favorites email to friend print save as pdf

Related Stories

Analysts pleased with Microsoft's Windows strategy

Jun 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

Mar 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

Jul 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 ...

Recommended for you

Tablets, cars drive AT&T wireless gains—not phones

9 hours ago

AT&T says it gained 2 million wireless subscribers in the latest quarter, but most were from non-phone services such as tablets and Internet-connected cars. The company is facing pricing pressure from smaller rivals T-Mobile ...

'Silicon Beach' brings tech boom to Los Angeles

11 hours ago

So long Silicon Valley. These days entrepreneurs and engineers are flocking to a place better known for surfing waves than the Web. Amid the palm trees and purple sunsets of the Southern California coastline, ...

User comments : 0