In one of the biggest and unlikeliest turnarounds in business history, Apple is the most valuable company in technology, passing Microsoft in market capitalization.
Apple’s market cap has passed $227.1 billion — ahead of Microsoft’s $226.3 billion. Apple is up about 1.8% today, and Microsoft down about 1%.
Of course, this may change tomorrow, but for the moment, Apple is the new king of technology.
What a difference a decade makes, when Apple was on the ropes and Microsoft look unassailable. Now, Apple is clearly at the forefront of the next huge wave in tech: mobile. Microsoft isn’t even in the game.
