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."
Related Links:
http://www.nytimes.com/2010/05/27/technology/27apple.html
