Apple passed Microsoft in terms of market cap for the 1st time yesterday.
As of the end of the day on Wednesday, Apple has passed Microsoft in terms of market capitalization, with a value of roughly $222 billion–about $3 billion ahead of Microsoft.
Apple’s share price closed at $244.11, down $1.11 (0.45%) for the day. Microsoft, closed at $25.01, down $1.06 (4.07%).
Based on those closing prices, Apple’s market capitalization stood at $221.36 billion and Microsoft’s $219.35 Billion.
Apple is now the second most valuable company in America, after Exxon Mobil.
Apple’s share price has climbed nearly 520% over the past five years. Microsoft’s is up 9.5%.
Sweet revenge for Steve Jobs. I’d never thought I’d see this headline. Ever.
Cool 🙂 GO STEVE! 😉
Hello Mike,
This acendancy is going to be very short lived. The reason being Apple has embraced obstructionism and closed source strategies, the very same that sent microsoft South.
Gratefully,
Jeff
Amazing. Fantastic story of American ingenuity and glad to see Microsoft get screwed since they haven’t had an original idea since Vista.
How’d that work out?
Kind of like Yahoo vs Google and General Motors vs Toyota. Yahoo and GM had the lead but blew it and a creative upstart kicked WHO FOCUSED ON QUALITY their collective butts.
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but, Google will soon eat both them… 😐
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“they haven’t had an original idea since Vista”
MS has had an original idea in its history?
what idea? DOS? Windows? WP? Spreadsheet? game box? mouse?
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This is ridculous, MSFT is a cash machine, Apple is one-man show with crappy products and temporary “drive” which will die sooner than later and Apple will become same dying dinosaur company as it was like decade ago. If you are into stocks, MSFT is cheapest deal on The Nasdaqs, imho
“Apple will become a dying dinosaur”
Wow
Apple has achieved this feat by being with much geographical spread than Microsoft. To grow bigger and grow faster, Apple need to aggressively expand across the continents. The fast growing Asian market including India offers huge business potential and its time Apple looked at emerging markets more closely.