Apple surpasses M$ in market capitalization

[Greg Russell]

SEATTLE - Apple has surpassed Microsoft as the largest technology company in

the world by market capitalization.



Apple's move comes as the company's iPhone, and now its iPad tablet

computer, have taken on more of the personal computing tasks once handled by

computers running Microsoft's Windows operating system and other programs.



Market cap is the dollar value of a company's outstanding shares. On

Wednesday, Apple Inc.'s shares slipped $1.11 to close at $244.11, making its

market cap about $222 billion.



But Microsoft Corp.'s stock fell $1.06, or 4.1 percent, to close at $25.01,

for market cap of about $219 billion.



The only U.S. business with a higher market value is Exxon Mobil Corp. The

oil company's market cap is about $279 billion, based on Wednesday's closing

price of $59.31.

 

[VanguardLH]

Greg Russell wrote:



> SEATTLE - Apple has surpassed Microsoft as the largest technology company in

> the world by market capitalization.

>

> Apple's move comes as the company's iPhone, and now its iPad tablet

> computer, have taken on more of the personal computing tasks once handled by

> computers running Microsoft's Windows operating system and other programs.

>

> Market cap is the dollar value of a company's outstanding shares. On

> Wednesday, Apple Inc.'s shares slipped $1.11 to close at $244.11, making its

> market cap about $222 billion.

>

> But Microsoft Corp.'s stock fell $1.06, or 4.1 percent, to close at $25.01,

> for market cap of about $219 billion.

>

> The only U.S. business with a higher market value is Exxon Mobil Corp. The

> oil company's market cap is about $279 billion, based on Wednesday's closing

> price of $59.31.



So you're here to prove you are a plagarist?

 

[Paul]

Greg Russell wrote:

> SEATTLE - Apple has surpassed Microsoft as the largest technology company in

> the world by market capitalization.

>



I think articles like this are more interesting.



http://www.macobserver.com/tmo/article/apples_cash_on_hand_vs._microsoft/



Tech companies are "one-hit wonders". They're dependent on making

winning products, one after another, to provide continuous success.



The "insurance" for such companies, is "cash on hand". If you hit

a "dry patch", and aren't producing any big, winning products,

it is the "cash on hand" that helps keep you in business. And

that Macobserver article, shows Apple could go through a

significant dry spell if necessary. I vaguely remember a time

years ago, when Apple didn't have much money left, but I'm having

trouble finding an article that addresses that period of time.



Paul