Wednesday, May 26, 2010

Apple overtakes Microsoft in Market Cap....

Apple, the maker of iPods, iPhones and iPads, overtook Microsoft, the computer software giant, on Wednesday to become the world’s most valuable technology company.

In intraday trading shortly after 2:30 p.m., Apple shares rose 1.8 percent, which gave the company a value of $227.1 billion. Shares of Microsoft declined about 1 percent, giving the company a market capitalization of $226.3 billion. (Let's see if it holds up).

The only American company valued higher is Exxon Mobil, with a market capitalization of $282 billion.

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