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Apple's share price drops $1.17 but it's worth more than Microsoft for the first time

Redmond drops even more

Apple's share price drops $1.17 but it's worth more than Microsoft for the first time
Despite its share price dropping $1.17 or 0.48 percent on the day, as predicted, Apple finally overtook Microsoft as the second most valuable company on the US stock exchange, measured by market capitalisation.

At the end of trading, Apple was worth $222.07 billion and Microsoft - its share price dropped 4.07 percent or $1.06 on the day - was worth $219.18 billion.

Only Exxon Mobile - valued at $278.6 billion - is worth more in the US.

Of course, shares can go up as well as down, and how either company will perform relatively in these future troubled economic times is hard to judge.

While Apple is selling more iPhones quarter on quarter and seems likely to announce more sparkling iPad figures over the weekend as it launches in nine new countries, its revenue is based on personal expenditure compared to Microsoft's more business focused sales.

Maybe the second round of the Steves will go in Ballmer's favour?
Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.