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  • Apple (AAPL) Passed Microsoft (MSFT) to be the Top Technology Company

    Thursday May 27th, 2010 at 05:45 am EST

    Apple Inc. (AAPL) is now the new 'King of Technology' by passing Microsoft Corporation(MSFT) in Market Capital on Wednesday

    Microsoft has ruled the world of Technology for almost two decades. Yesterday was the turning point in the History of Technology. Apple Inc.(AAPL) crossed Microsoft to be the most valued technology company. As per Closing on Wednesday, market capital of Apple, Google and Microsoft were $222.12B, $151.43B and $219.18B respectively. Many of us still think that Google might be the biggest technology company but it is much behind in the competition now. 

    Apple is now facing a new rival which is Google. Initially Apple and Microsoft competed with each other for Operating systems and computers. Apple clearly lost ground against Microsoft in that war but then Apple came up with iPod and then iPhone which brought it to the top. Apple is now facing a tough competition in Phone market from Google with its Android Mobile OS.

    I feel it important to mention here that it was Microsoft which invested $150 million in 'almost dead' Apple which was helpful for its recovery.

    There is a lot more to happen in this market. Every day starts with something revolutionary in this tech market. Keep following it with hotstockseveryday.com. Do let me know your views on the article.Do sign up for Email alerts to get the best stock alerts.

    Source : NYTimes


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