And…Boom: Apple Worth More Than Microsoft
“We have to let go of the notion that for Apple to win, Microsoft needs to lose.”
— Apple CEO Steve Jobs, August 1997
And there it is. Today Apple, not Microsoft is the world’s most valuable technology company.
As I write this Apple (AAPL) shares are trading at $244.87, giving it a market capitalization of $223.1 billion. Meanwhile, shares of Microsoft (MSFT) are trading at $24.79 and the company’s market cap sits at $217.78 billion (see table below; click to enlarge).
And so Cupertino has finally surpassed Redmond in total value. The only American company with a market cap greater than Apple is Exxon Mobil (XOM).
UPDATE: Apple closed the day well ahead of Microsoft. Its market cap: $222.07 billion; Microsoft’s: $219.18 billion.