A couple of days back Apple [AAPL] took over Microsoft [MSFT] in market capitalization. When, it comes to US companies the fruit company is now second in the list and sits below Exxon Mobil Corporation which is a multinational oil and gas corporation. However, this is definitely a sweet achievement for Apple and it has definitely put a smile on Steve Job’s face.
Recently we have seen that Apple shares have been going up and it is now somewhere around $251 USD. In the past we have seen Apple cross Walmart and also a few other big names and ever since the company has been making its way to the top.
In the last 10 years everyone has seen a amazing growth in the company and I am very sure we will see some more amazing innovation from the company in years to come.
Update: When asked Steve Ballmer about Apple’s increased capitalization he commented that Apple is good competitor and but Microsoft was still the most profitable technology company in the world. read here
Source: Mashable