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Apple closes in on Microsoft's status as the second biggest US company by market capitalisation

More MSFT drop than AAPL rise

Apple closes in on Microsoft's status as the second biggest US company by market capitalisation
It seems like a long time ago that I prognosticated about whether Apple's share price - then just under $240 - might have peaked.

Today, it's over $246 (although it did peak at $272.46 at the end of April), valuing the company at $224.54 billion

Only Microsoft (mcap $230 billion) and Exxon Mobile ($283 billion) are more highly valued.

Mac the knife

Of course, it's the symbolic closeness of Apple overcoming Microsoft that's got stock watchers checking the relative movements of each company.

Will Jobs finally overcome Gates and Ballmer thanks to mobile phones rather than computers? There would be a certain amount of delicious irony should it happen.



It should be pointed out that the reason for this potential occurrence happening now is the relative collapse of Microsoft's share price - down 11 percent over the past two weeks. During that time, Apple's share price has only dropped 3 percent.

And the wider context is a 21 percent rise in Apple's share price over the past six months, compared to an 12 percent decline in Microsoft's.
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.