Tags: US | Apple | Microsoft | Market | Cap

Apple Passes Microsoft as World's Biggest Tech Company

Wednesday, 26 May 2010 04:31 PM

Apple has surpassed Microsoft as the largest technology company in the world by market capitalization.

Apple's move comes as the company's iPhone, 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, Apple Inc.'s shares slipped $1.11 to close at $244.11, making its market cap about $222 billion.

But Microsoft 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.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Companies
Apple has surpassed Microsoft as the largest technology company in the world by market capitalization.Apple's move comes as the company's iPhone, and now its iPad tablet computer, have taken on more of the personal computing tasks once handled by computers running...
US,Apple,Microsoft,Market,Cap
127
2010-31-26
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved