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 $222.07 billion.
Apple’s market cap has overtaken Microsoft’s by about $3 billion. Apple is now the #1 company in tech (globally) and the #2 biggest US company, next to Exxon Mobile at $278.6 billion.
Apple closed at $244.11 per share at end of trading day. I still remember they were trading around $70 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.
Yay…I love Apple…even though there’s some Apple haters…that makes it more cute…wtf?!
Haha …sabaw
-Sent via YugaTech Mobile App
This is what two key products can do. If not for Iphones and Ipods, I’m not sure where would apple be today. :)
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
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.
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.
good job…. mr jobs.. kudos
DAMN YOU APPLE!!!! I hate all your products and your softwares!!! One day MICROSOFT will rise up and you will crumble down!!!
this will surely make steve jobs ego even bigger. (and apple fanboys too) LOL
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 Apple’s single-digit share of the computer market. Microsoft, by contrast, runs on about 90 percent of the world’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 — once viewed as an opportunistic entrepreneur who would never have the chops to run a really big company — 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
Its apple’s time this time. Microsoft and Google, its about time to think again….
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.
Finally, it’s time. Although I hate Apple, I’m happy to see them win over their biggest rival.
Agree with Dean. (Me looks at Google’s market cap).
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?
Apple topples Microsoft as Top Tech Company: http://www.yugatech.com/blog/anything-ap…
@abeolandres Nice write-up — but isn’t market cap not the best measure of success? I thought it was always revenue and profit…
@deanberris market cap is just “big picture” stats — makes companies look big and sexy.
@abeolandres yup, I think it’s good to point out that market cap is just directly tied to # of shares and share price in stock market. :)
RT @abeolandres: Apple topples Microsoft as Top Tech Company: http://www.yugatech.com/blog/anything-ap…
@abeolandres on Apple as Top Tech Company: I think that’s just market cap – not an accurate indication.
@abeolandres Okay I just read the comments. :D
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,
^
Shouldn’t that be Jobs finally beat Ballmer? Steve vs Steve :D
wow, just wow. Jobs finally beat Gates. Finally. The sweetest revenge possible, all done with hard work and sheer brilliance.