Whatever you think of Apple, there’s no denying they’ve had one of the most incredible turnarounds in corporate history—going from practically dead to the world’s most valuable technology company in a little over a decade.
Apple, the maker of iPods, iPhones and iPads, overtook Microsoft, the computer software giant, on Wednesday to become the world’s most valuable technology company.
In intraday trading in the afternoon session, Apple shares rose 1.8 percent, which gave the company a value of $227.1 billion. Shares of Microsoft declined about 1 percent, giving the company a market capitalization of $226.3 billion.
Exxon Mobile is now the only American company worth more than Apple.
In related news, yesterday Microsoft axed two of the founding fathers of their entertainment and devices division, which includes mobile.
Woo Hoo!
iPads for everyone!
Depressing, but not surprising news.
I think back around the first iBooks in late summer 1999 — the clamshells — some of us knew this day would likely happen, that the iMac Internet Appliance was not a mere fluke. But I doubt we knew this day would happen all reverse-Ridley Scott style.
An impressive achievement by whatever metric—S&P 500 rank doesn’t tell the whole story (MSFTs full market cap is actually $275B), but I’m sure Jobs feels vindicated.
So, when do they start paying dividends?
@3 When Steve Jobs needs them.
Possible reasons for this have already been explored by another website. Jump to 1:30 to get to the point.
I’ve been using Apple for 10yrs, will probably stop buying their products for several big reasons. So I’m not too familiar with Microsoft’s products but I have not noticed them coming out with ANYTHING exciting in a very long time. Why not? Am I wrong?
@6: Windows 7 is exciting in that it’s more recent than XP but doesn’t suck mule balls. And in the videogame department, apparently they’ve been tinkering with some full-body motion-capture device called Project Natal (pronounced nuh-TAL).