The moment came when Apple surpassed Microsoft in Market Cap [*].
A few numbers:
Market Cap: Microsoft at $219 billion – Apple at $222 billion (yesterday)
Revenue: Microsoft at $58.4 billion – Apple at $42.9 billion
Net income: Microsoft at $14.6 billion – Apple at $5.7 billion
Cash: Microsoft at $39.7 billion – Apple at $23.1 billion
Microsoft is still has bigger earnings, but Apple has the momentum. Apple still sells computers, but twice as much revenue is coming from hand-held devices and music. And smartphone sales are growing faster than PCs.
Worse for Microsoft, analyst perceived that “The battle has shifted from Microsoft against Apple to Apple against Google,” as said Tim Bajarin, a technology analyst following Apple.
Google has a market cap of $151 billion.
Read original NYT Article: Apple Passes Microsoft as No. 1 in Tech