AfterDawn: Tech news

Apple surpasses Microsoft for largest market cap

Written by Andre Yoskowitz (Google+) @ 26 May 2010 22:41 User comments (5)

Apple surpasses Microsoft for largest market cap Apple has surpassed Microsoft for largest tech company in the world, by market cap, with its stock finishing the day with a market value of $222.1 billion.
Exxon Mobil remains the largest U.S. stock, with a value of $278.6 billion. Microsoft fell to third, with a market cap of $219.2 billion, as of the close of the market today.

Apple saw revenue and profit soar in the Q2 2010, with iPhone sales surging across the world. The quarterly results did not even include the iPad tablet, which has sold over 1 million units since its launch in April.

"Apple really checks all the boxes when you look at the tech sector,"
adds Ryan Jacob, a fund manager at Jacob Internet Fund in Los Angeles. "Do they have the opportunity to gain share in their markets? What are the prospects for margins? Its hard to find a company that you can have more confidence in than Apple."

Microsoft and Apple, pioneers of personal computing, have seen a divergence in recent years, with Microsoft having trouble moving away from its mainstay businesses while Apple continues to try to become leaders in new markets, just like it did with the iPod earlier in the decade, the iPhone in the later part of the decade, and the iPad now in 2010.

The latest milestone is a strong reminder of what Apple had become just thirteen years ago in 1997, a company on the brink of bankruptcy and no leadership, and what it has transformed into today.

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5 user comments

126.5.2010 22:54

And not one single f--k was given that day.

226.5.2010 23:15

"The latest milestone is a strong reminder of what Apple had become just thirteen years ago in 1997, a company on the brink of bankruptcy and no leadership, and what it has transformed into today."

Yup...today have more money than anyone who has never caused a massive environmental catastrophe, and they are run by a totalitarian dictator with a god complex. Things have certainly changed for them.

328.5.2010 8:21

Originally posted by KillerBug:
"The latest milestone is a strong reminder of what Apple had become just thirteen years ago in 1997, a company on the brink of bankruptcy and no leadership, and what it has transformed into today."

Yup...today have more money than anyone who has never caused a massive environmental catastrophe, and they are run by a totalitarian dictator with a god complex. Things have certainly changed for them.
Why don't you check out DOW... Purchased a company a chemical company that has killed thousands in India including an explosion which has left lingering cancers, and have profited over $500 million a year for the last six years without ever doing anything for the people they devastated...

428.5.2010 15:56

gotta say you haev to respect them from a money making side. they were on the brink of dieing off and have come back liek no one expected. good on em i says.

51.6.2010 13:56

Eat my short.

I love it.

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