Apple surpasses Microsoft as most valuable technology company

     Apple, the maker of iPods, iPhones and iPads, overtook Microsoft, the computer software giant, on Wednesday to become the world's most valuable technology company. According to a New York Times report, in intraday trading in the afternoon session, Apple shares rose 1.8 percent, which gave the company a value of 227.1 billion dollars. Shares of Microsoft declined about one percent, giving the company a market capitalization of 226.3 billion dollars. This changing of the guard caps one of the most stunning turnarounds in business history, as Apple had been given up for dead only a decade earlier. But the rapidly rising value attached to Apple by investors also heralds a cultural shift. It seems that consumer tastes have overtaken the needs of business as the leading force shaping technology.

Custom Search



Home    Contact Us
NOTE:
 Free contributions of articles and reports may be sent to indianewstimes@yahoo.com
DISCLAIMER
All Rights Reserved © indiatraveltimes.com