Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Colombia peace deal will be ‘lasting’, FARC rebel leader tells FRANCE 24

Read more

EYE ON AFRICA

Ghanaian President Mahama concedes defeat to opposition leader Afuko-Addo

Read more

MEDIAWATCH

Trump's TV Career Continues

Read more

THE WORLD THIS WEEK

President Park Impeached, Ghana's High Stakes Election (part 1)

Read more

THE WORLD THIS WEEK

Aleppo Offensive, Renzi Resigns, Trump's Cards (part 2)

Read more

ENCORE!

South Korea: An inside look at the K-pop wave

Read more

#THE 51%

Diving back in: Offering support for French mothers returning to work

Read more

REPORTERS

Chaotic post-hurricane relief efforts in Haiti

Read more

PEOPLE & PROFIT

Cash crunch casualties: India's wedding industry suffers from currency changes

Read more

Business

Apple dethrones Microsoft as world's top tech company

Text by News Wires

Latest update : 2010-05-27

Apple Inc shot past Microsoft Corp as the world's biggest technology company based on market value on Wednesday, the latest milestone in the resurgence of the maker of the iPhone, which nearly went out of business in the 1990s.

AFP - Apple, maker of the Macintosh computer, the iPod, iPhone and iPad, dethroned software giant Microsoft on Wednesday as the largest US technology company in terms of market value.

Microsoft shares shed 4.07 percent on Wednesday to close at 25.01 dollars, dropping its market capitalization -- the number of shares outstanding multiplied by the stock price -- to 219.18 billion dollars.

Apple shares lost 0.45 percent meanwhile to close at 244.05 dollars, giving the company a market value of 222.07 billion dollars.

The only US company with a larger market capitalization than the Cupertino, California-based Apple is ExxonMobil at 278.64 billion dollars.

Apple stock has risen steadily over the past few years as chief executive Steve Jobs, who returned to Apple in 1997, piloted the release of a string of hit products starting with the iPod in 2001, following by the iPhone in 2007 and the iPad this year.
 

Date created : 2010-05-27

  • USA

    Google overtakes Apple for first time in US smartphone market

    Read more

  • TECHNOLOGY

    iPad tablets to go on sale in nine more countries

    Read more

  • TECHNOLOGY

    Apple sells one million iPads in a month

    Read more

COMMENT(S)