Microsoft spent most of the trading day fending off Apple relentless assault — sometimes by excruciatingly small amounts — but, at approximately 2:15pm EDT, shares of Apple rose $4.35, or 1.78%, to $249.57, putting Apple's market value at $227.10 billion and finally overtaking Microsoft's which declined $0.20, or 0.77%, to 25.87, putting their market cap at $226.72 billion.
[i]What I can't figure out is why he (Steve Jobs) is even trying (to be the CEO of Apple)? He knows he can't win[/i]. - Bill Gates, June 1998
Expect the companies to trade positions back and forth in the near term, but Apple should put the derivative Microsoft in their rearview mirror soon enough.
As per NYSE, the top five U.S. publicly-traded companies, based on full market values, are:
1. Exxon Mobil (XOM) - $283.06B
[b]2. Apple (AAPL) - $227.10B[/b]
3. Microsoft (MSFT) - $226.72B
4. Wal-Mart (WMT) - $189.57B
5. Berkshire hathaway (BRKA) - $175.76B
Everything I said has come to pass.
I think the words I am looking for are " I told you so..."
Apple Macs are outselling the PC market by a massive margin.
The iPhone has revolutionised the mobile phone markets
The iPad and its successors will dominate mobile computing space for the next 10 years.
Deal with it.
Oh yes - I will be buying a 1 year old LS460 later this year purely from profits from AAPL. All those who took my advice congratulations!!! Oh wait...
*gone*