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Apple Passes Microsoft as World�s Largest Tech Company

May 26, 2010, 20:50 (5 Talkback[s])
(Other stories by Dylan F. Tweney)

"Apple's market capitalization officially passed Microsoft's this afternoon, making the Cupertino company, for the first time, the largest technology company in the world.

"With a market cap of $241.5 billion versus Microsoft's $239.5 billion, Apple also became the second-largest company on the S&P 500, according to Standard & Poor's analyst Howard Silverblatt. At the moment, only Exxon Mobil is bigger.

"Market cap is a measure of the total value of all the outstanding shares of a company, and it's a proxy for what investors think the company is worth, taking into account future earnings and future growth. As such, it's a measure of expectations, not reality: Apple's annual revenue was $42.9 billion in the most recent fiscal year, versus Microsoft's $58.4 billion. Both look puny next to Exxon Mobil's $301.5 billion in annual revenue."

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