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Apple - The Most Valueable Technology Company
Apple, the proud inventor of iPods, iPhones and iPads, out performed Microsoft shares, the computer software giant, on Wednesday to become the world's most valuable technology company.
The Wednesday market witnessed Apple shares rise by 1.8 percent, which gave the company a value of 227.1 billion dollars. Shares of Microsoft on the other hand declined about one percent, giving the company a market capitalization of 226.3 billion dollars.
Once earlier Apple had recorded a higher share price than Microsoft in December 19th 1989 according to Thomson Reuters Datastream. Apple's shares are 10 times higher than what it was 10 years ago. Thanks to it's products such as iPhone and iPads.
This changing of the guard caps one of the most stunning turnarounds in business history, as Apple had been given up for dead only a decade earlier. But the rapidly rising value attached to Apple by investors also heralds a cultural shift. It seems that consumer tastes have overtaken the needs of business as the leading force shaping technology.
Microsoft's
operating
system
runs
on
World's
personal
computers.
They
have
not
been
able
to
match
the
growth
rates
and
thus
their
stocks
went
down
by
20
percent.
Microsoft
however
still
rules
over
Apple
in
matters
of
sales.
According
to
Reuters,
Microsoft
reported
.5
billion
in
revenue
compared
with
Apple's
.5
billion.
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