For the first time, Apple has surpassed Microsoft to become the highest-valued tech firm on Wall Street, a historic shift that is due partly to the explosion of mobile technologies.
Two decades of tech firm history have come to an end on Wall Street. On the world’s principal exchange, the value of Apple stock exceeded that of Microsoft on Wednesday, estimated at $222.12 billion compared to only $219.18 billion for the deposed king of tech stocks. What is more, the only US firm keeping up with Apple is the Exxon oil giant, estimated to be worth $278.64 billion.
Date created : 2010-05-27