Thursday, May 27th 2010
Apple Displaces Microsoft as Biggest Technology Company
For the first time since 1989, the era of Apple's market dominance over Microsoft is back. Shares of Apple on NASDAQ rose 2.8 percent on Wednesday, taking the company's market value to US $229 billion. As markets closed, Apple and Microsoft were poised at $222 billion and $219 billion. Microsoft stock fell 4 percent on this day. While the 4% may have contributed largely to the turn of events, Apple's emergence as the leading tech firm has been established, which is a watershed from 1998, when an almost broke Apple borrowed $190 million from Microsoft to stay afloat.
As far as revenues go, Microsoft is still leading. The Redmond, Washington based firm reported $14.5 billion revenue last quarter, compared to Cupertino, California based Apple, which reported $13.5 billion in the same period. While PC operating systems and software forms Microsoft's primary source of income, Apple sells a variety of computer hardware such as Macbook, software, and consumer electronics, including the popular Apple iPhone, and iPod.
Sources:
Reuters, intelliot
As far as revenues go, Microsoft is still leading. The Redmond, Washington based firm reported $14.5 billion revenue last quarter, compared to Cupertino, California based Apple, which reported $13.5 billion in the same period. While PC operating systems and software forms Microsoft's primary source of income, Apple sells a variety of computer hardware such as Macbook, software, and consumer electronics, including the popular Apple iPhone, and iPod.
109 Comments on Apple Displaces Microsoft as Biggest Technology Company
Check this out!
pages.prodigy.net/rdbrownmsb/MadMaze2/
www.vintagecomputing.com/index.php/archives/171
Anyway, this is going off topic. :p