Apple has overtaken Microsoft to become the world’s biggest tech company in terms of market value. Apple is now valued at $222 billion ahead of Microsoft’s market value of a paltry $219 billion. Losers.
To put these figures in perspective, the last time Apple was valued ahead of Microsoft, the Berlin Wall was still standing, if only just. That was 1989, and for over 20 years Microsoft has ruled the tech business world.
Looking at the men at the top, TechRadar notes that when Steve Ballmer took over at Microsoft in January 2000 the company had a market capitalisation of $556 billion, while when Steve Jobs returned to Apple in its market capitalisation value was $15.6 billion.
The BBC meanwhile notes that Microsoft still enjoys higher profits than Apple. Its most recent annual net profit was $14.6 billion, compared with $5.7 billion for Apple. Microsoft also reported bigger full-year revenues of $58.4 billion, with Apple on $36.5 billion.
The value of a listed company, known as market capitalisation, is calculated by multiplying the number of shares in a company by the current share price. Apple’s shares closed Wednesday trading down 0.4%, while Microsoft fell by 4%.








