New York
– Apple (NASD:  AAPL) became the world’s most valuable technology company on Wednesday, when
its market capitalization reached $227.1 billion, overtaking Microsoft’s (NASD:  MSFT) $226.3
billion valuation, The New York Times reported. Apple is now second only to
Exxon Mobil in the U.S.,
whose market capitalization is $282 billion.

The Times noted the rapid
turnaround seen at Apple over the past decade, and noted that "the rapidly
rising value attached to Apple by investors also heralds a cultural shift:
Consumer tastes have overtaken the needs of business as the leading force
shaping technology."


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