Well folks, its finally happened. Apple has surpassed Microsoft as the worlds biggest Technology company. It’s not surprising considering the last several Microsoft products by comparison to Apple’s products. The Ipad and Iphone have become a huge part of everyday tech life and the only way Vista is a part of everyday tech life is if you work for a computer repair company. While Windows 7 is awesome, consumers still have a bad taste in their mouths. “Market Cap” is defined as “The dollar value of a company’s outstanding shares”. Wednesday, Apple’s sharess Dropped $1.11, to sit at $244.11 at closing. This makes it’s market cap about $222 BILLION. Microsofts stocks dropped in the same range at $1.06, closing at $25.01. This puts their market cap at 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. They were quoted as saying “Hey, at least we’re not BP.” Just kidding, I added that.
-Zach “The Uber Geek” Morton
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