Apple overtakes Microsoft as most valuable tech company


More than a decade Microsoft is the leading tech company in US.But now the situation is changed Microsoft lost that position to apple .



The ranking is based on market value of the companies.Wall Street valued Apple at $222.12 billion and Microsoft at $219.18 billion.

The company that went near to extinction in 1985 is now the number one tech company in US.Three months back apple surpassed Wal-Mart to hold the third position.But now its behind the Exxon Mobil and leading one in Tech companies list.




The market value of apple rose to a peak because of the Ipad.over 450,000 ipads in US alone, where the countries outside US is yet to ship.In addition 3.5 million ipad apps,64% Mobile market share.

The market value of these two companies has very small difference which makes frequent swapping in positions.

"No technology company on the planet is more profitable than we are,"

Said by Steve Ballmer on hearing this news

While rival company Google has the market share $151.43 billion dollars. I think Android is yet to make a noise.

Via: NYtimes

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