NEW YORK (CelebrityAccess MediaWire) — Apple, maker of the iPhone, iPod and Macintosh computers has muscled it's way to the top of the heap among US technology companies in terms of raw market value.
Apple edged out Microsoft at the close of the market on Wednesday when Apple shares close at 244.05 with an overall market value of 222.07 billion while Microsoft closed down 4% at 25.01 for a total market cap. of 219.18 billion.
Microsoft retains its dominance in the world of consumer and business-oriented software with about 90% of the world's computers running a Microsoft operating system. However Apple has taken the lead in developing consumer electronics and supporting online services such as their App Store and the iTunes music service.
This marks the first time since 1989 that Apple has found itself ahead of Microsoft in overall market capitalization. – CelebrityAccess Staff Writers
