It's the end of the world as we know it... and Apple feels fine.

The inevitable has happened. Apple has officially overtaken Microsoft in market capitalization, becoming the world's largest tech company.

Via AppleInsider:

Apple's market capitalization hit $222 billion on Wednesday, leaving it ahead of rival Microsoft as the largest technology company in the world when the closing bell rang on Wall Street.

The dethroning of Microsoft now makes Apple -- for now -- the second largest American company, behind only Exxon-Mobil. Apple has a ways to go to catch the oil giant, which has a market capitalization of nearly $280 billion.

Microsoft is in dire need of fresh blood with new ideas about how to compete in markets that would give them room for growth. And by the way, shoving Windows 7 on tablet devices is NOT the way to do it. I hear 2 positions opened up recently!

Of course, market capitalization doesn't tell the whole story. But it definitely proves one thing...

"The times, they are a-changin'."

- Bob Dylan

Full story via AppleInsider HERE.

Comments

[Dirkus]

Holy crap. Just... Holy crap. You just know Steve called Bill to rub that one in... From his iPhone. :-)

[Dirkus]

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