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Apple Now World's Largest Tech Company

3255 Views 29 Replies 14 Participants Last post by  Dr.Dave
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

While market cap is but a single metric, it's an interesting factoid all the same...
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As anyone who lived through the tech bubble of the late 90s will tell you, stock price isn't always the best measurement of a company. Here are the sales and profit figures for a few tech companies that come to mind.

AAPL Revenue $36.54B Net Income $5.70B

MSFT Revenue $58.44B Net Income $14.57B

IBM Revenue $95.76B Net Income $13.43B

HP Revenue $114.55B Net Income $7.66B
Not that it really matters but the revenue/ net income numbers for AAPL posted in this thread are incorrect.
I just did a copy and paste from The numbers are from the last fiscal year end. (Sep/09 for Apple)
The numbers for net income almost double. It's not because they sold that much more, but just the way the accounting is now done. It's not that much of a leap to speculate next years annual numbers will almost match microsofts revenue/ net income
You're right. I was vaguely aware of the accounting changes but I had no idea how significant they were. Now I AM impressed.
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