At last. Bill Gates is conquered.
APPLE DETHRONES MICROSOFT AS TOP US TECH COMPANY!
As of Wednesday, Microsoft was officially second.
Microsoft shares shed 4.07 percent on Wednesday to close at 25.01 dollars, dropping its market capitalization -- the number of shares outstanding multiplied by the stock price -- to 219.18 billion dollars.
Apple shares lost 0.45 percent meanwhile to close at 244.05 dollars, giving the company a market value of 222.07 billion dollars.
The only US company with a larger market capitalization than the Cupertino, California-based Apple is ExxonMobil at 278.64 billion dollars.
Apple stock has risen steadily over the past few years as chief executive Steve Jobs, who returned to Apple in 1997, piloted the release of a string of hit products starting with the iPod in 2001, following by the iPhone in 2007 and the iPad this year.
Huh. I guess we all had to expect it.
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