Back in March, Microsoft was about $50 billion in advance of Apple in market place cap. That gap was still enormous, nonetheless it was the closest the 2 had been in that measurement of value in decades. The pattern was obvious: I predicted that Apple would pass Microsoft, it was only a issue of when.
Not even I believed it could be this shortly.
Today, Apple has just handed Microsoft in market cap. Now,
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Best Netbook 2011 - Best Netbooks 2011 Reviews, so this might change prior to the market closes. But as of right now, Apple is ahead, and has long been for the past number of minutes.
Some publications documented this milestone happened back in April, but which was a a bit different metric. Which was the marketplace cap within the S&P 500,
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Of course, just how much this number means is a matter of debate. The truth is that it really doesn’t mean that much in terms how strong or weak a company is from a financial perspective. Nevertheless it is a good indicator of trends, and obviously stock performance. That pattern is obviously that above the past five years or so, Apple has long been destroying Microsoft is gaining stock value.
Over those past five years,
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Regardless of how the marketplace closes right now, you can likely expect Apple marketplace cap to surge in advance in the coming days. A week from this coming Monday is Steve Jobs’ keynote at Apple’s WWDC event. There, he’s widely expected to unveil the new iPhone — and undoubtedly some other things. The mere speculation about what he’ll unveil will fuel the price. Microsoft, meanwhile, is losing key executives.
Boom,
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Update: And as the markets near closing time, Apple is now nearly $3 billion forward of Microsoft.
Update 2: And sure enough, Apple did close the day ahead of Microsoft: $222.07 billion vs. $219.18 billion.