Back in March, Microsoft was about $50 billion forward of Apple in marketplace cap. That gap was nonetheless massive, but it was the closest the two had been in that measurement of value in decades. The trend was clear: I predicted that Apple would pass Microsoft,
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Not even I believed it could be this soon.
Today, Apple has just passed Microsoft in market place cap. Now, the stocks are fluctuating very a tad, so this might change prior to the market place closes. But as of proper now, Apple is in advance, and has become for your past number of minutes.
Some publications noted this milestone happened again in April, but which was a somewhat distinct metric. That was the market cap within the S&P 500, which uses float-adjusted numbers. Today’s milestone is straight-up industry cap: numbers of shares outstanding multiplied by share price.
Of course,
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Over those past five years, Microsoft’s stock has become largely stagnant: it’s up about 4%. Apple’s stock, meanwhile,
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Regardless of how the marketplace closes right now,
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Boom! Fanboys go wild.
Update: And as the markets near closing time, Apple is now nearly $3 billion ahead of Microsoft.
Update 2: And sure enough,
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