Wednesday, May 26, 2010

Apple Tops Microsoft Equity Value for First Time

You knew it would happen one day, and on May 26, 2010, it finally did: Apple's equity value eclipsed that of Microsoft, at least for the day. At the close of trading, a small decline in Apple shares combined with a 4% drop in Microsoft’s stock to leave Apple’s market value ahead — at nearly $223 billion compared with about $219 billion for Microsoft.

 Over the past year, Apple’s share price has nearly doubled to more than $244, as the computer and device maker has ridden a wave of success with its iPhone and new iPad.

The movement of Apple to the top position in market capitalization among technology companies perhaps reflects its growing stature in emerging product categories and services, ranging from new devices to mobile advertising.

Presumably, that is why regulators suddenly have taken an interest in Apple's market dominance as well.

No comments:

Is Work from Home Really "More" Productive, or "Less?" How Can We Even Tell?

Though many employees express a desire to continue working from home permanently, even after there is no Covid-19 reason to do so, it also s...