Apple Usurps Microsoft As The World's Biggest Tech Company
Based on market capitalization, Apple has official become the largest tech company in the world, passing Microsoft. Thanks in large part to ridiculously successful sales of the iPhone, iPod, and now the iPad as well as continually growing Mac sales, the company has slowly but steadily chipped a way at a market once entirely dominated by Windows-based products. Market cap, according to Wikipedia, is “a measurement of size of a business enterprise (corporation) equal to the share price times the number of shares outstanding of a public company.” During regular trading hours today, Apple’s shares (AAPL) dropped $1.11 to finish the day at $244.11, which sets its market cap somewhere around $222 billion. By comparison, Microsoft’s stock (MSFT) fell $1.06 to $25.01, for market cap of about $219 billion. Although this is mostly important to stock investors, specifically those who invest in those two companies, it is a huge first for Apple and is a title I’m sure they are hoping to hold on to for quite some time.

