Apple topples Microsoft as Top Tech Company

For the last decade, Microsoft has been the king of tech companies in terms of market capitalization. Today, Apple changed all that by taking the title as the most valuable technology company in the world at $222.07PHP 13,032INR 18,820EUR 211CNY 1,616 billion.

Apple’s market cap has overtaken Microsoft’s by about $3PHP 176INR 254EUR 3CNY 22 billion. Apple is now the #1 company in tech (globally) and the #2 biggest US company, next to Exxon Mobile at $278.6PHP 16,350INR 23,611EUR 265CNY 2,028 billion.

Apple closed at $244.11PHP 14,326INR 20,688EUR 232CNY 1,777 per share at end of trading day. I still remember they were trading around $70PHP 4,108INR 5,932EUR 67CNY 509 a year or two ago (was contemplating on buying a few of their stocks). Market capitalization is derived from multiplying the total number of shares with the price per share at any given time. Of course, this could change again any day.

This is a historical leap for Apple considering the fact that 13 years ago, in 1997, they were in the brink of bankruptcy just before Steve Jobs came back as CEO.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

26 Comments

BrianB says:

15 years ago

wow, just wow. Jobs finally beat Gates. Finally. The sweetest revenge possible, all done with hard work and sheer brilliance.
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lolipown says:

15 years ago

^
Shouldn’t that be Jobs finally beat Ballmer? Steve vs Steve :D
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kaninglamig says:

15 years ago

thats no surprise. Apple has been on the rise since the iPhone. and with the iPad and the 4th gen iPhone looming this June I bet Microsoft will need to get those developers kicking.

anyway here’s a very cool Microsoft Video just launched recently. you can watch it here at www . openpinas . com (just connect the address)

Regards,
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abeolandres says:

15 years ago

Apple topples Microsoft as Top Tech Company: http://www.yugatech.com/blog/anything-ap…
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Francis says:

15 years ago

Apple deserves the recent surge of popularity, and profitability it has been receiving recently. Let’s hope game-changers in the tech industry like Apple continue to innovate and benefit us the consumers.

Btw, you said you were contemplating on buying their stock? How do you go about that if you live in the Philippines?
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Fleeb says:

15 years ago

Agree with Dean. (Me looks at Google’s market cap).
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Angie says:

15 years ago

Finally, it’s time. Although I hate Apple, I’m happy to see them win over their biggest rival.
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Jon says:

15 years ago

Kudos to Apple. I guess they deserve it. However, I still don’t like the way Apple dictates what people want or need. Not to mention their bullying strategies against smaller competitors like HTC and Nokia, by going sue-happy on vaguely “infringing” patents.

I hope they won’t stay on the top for too long though. IMO, that would only give them more air to enforce their “will” customers. I like their effort and their ideas. There’s just something questionable on how they implement those.
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TECHIEWITTY says:

15 years ago

Its apple’s time this time. Microsoft and Google, its about time to think again….
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Magneto says:

15 years ago

the WIRED news explains why…

7 Key Turning Points That Made Apple No. 1

Apple has been through some extreme ups and downs, but today the corporation climbed to an all-time high. Apple surpassed longtime rival Microsoft in market capitalization, making the Cupertino, California, company the most valuable technology company in the world, for the moment, at least.

The milestone is even more remarkable given Appleâ€™s single-digit share of the computer market. Microsoft, by contrast, runs on about 90 percent of the worldâ€™s PCs.

Steve Jobs should feel vindicated. After being fired from his own company in the 1980s, the company gradually became less and less relevant, its market share dwindling and its innovative edge dulled.

Now, over a decade after his return as Apple CEO, Jobs â€” once viewed as an opportunistic entrepreneur who would never have the chops to run a really big company â€” is the king of the tech industry.

From the first iMac to the revolutionary iPad, what follows is a list of key turning points that took Apple from an also-ran into a champion.

Read More:

http://www.wired.com/gadgetlab/2010/05/apple-gallery#ixzz0p7GUCzTo
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snpklsdmbldr says:

15 years ago

this will surely make steve jobs ego even bigger. (and apple fanboys too) LOL
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markmarcelo0210 says:

15 years ago

DAMN YOU APPLE!!!! I hate all your products and your softwares!!! One day MICROSOFT will rise up and you will crumble down!!!
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whaâ„¢ says:

15 years ago

good job…. mr jobs.. kudos
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Fleeb says:

15 years ago

Just an addition, if you look at the bigger picture, IBM, Google, and Microsoft still have bigger net operating income than Apple (Microsoft has twice than that), so I think we cannot really say it is already THE top tech company. What we can acknowledge, however, is Apple’s growth since it almost went bankrupt.
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squishy says:

15 years ago

It’s Apple’s turn at the top.

Just look at the list of gadgets they’ve churned up in less than two decades! Where have they been hiding all these technology? The iPod, the iPhone, the iTouch, the iPad, the iMac — these are all benchmarkers, the leaders of their packs.

Sure there are other tech companies to watch out for, but the sheer marketing skill of Apple has managed to eclipse all of them.
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emzarate says:

15 years ago

what apple lacks in tech, it makes up for its marketing. imo, other than the iphone, apple’s devices are sub-par to the current standards of technology today.

apple is the only company i know that will force you to buy a core2duo notebook at an unreasonably high price
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Teknisyan says:

15 years ago

This is what two key products can do. If not for Iphones and Ipods, I’m not sure where would apple be today. :)
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WOZNIAK says:

15 years ago

Yay…I love Apple…even though there’s some Apple haters…that makes it more cute…wtf?!

Haha …sabaw

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