Apples passes Microsoft

Apple has pushed past arch-rival Microsoft to become the world’s biggest technology company.

Changes in the share price values of the two in Wednesday’s choppy trading left the total value of Apple at $222bn (£154bn).

Microsoft is now valued by investors at $219bn.

However, Microsoft still enjoys higher profits than Apple. Its most recent annual net profit was $14.6bn (£10bn), compared with $5.7bn for Apple.

Microsoft also reported bigger full-year revenues of $58.4bn, with Apple on $36.5bn.

Apple’s shares closed Wednesday trading down 0.4% at $244.11, while Microsoft fell by 4% to $25.01.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s