SEATTLE, May 27 (UPI) — Wednesday, May 27th was a surprising day in the world of Technology when Apple finally surpassed Microsoft based on their market capitalization.
The Seattle Times reported Microsoft stock fell 4 percent to close at $25.01 for a market capitalization of $219.1 billion while Apple stock slipped 0.5 percent to close at $244.11 and a market capitalization of $222.1 billion.
Apple’s tightly knit community, dedication to excellence, and continued success with items such as the iPod, iPhone and iPad have sprung them to the forefront of technology as computing, television and mobile phones converge.
When it comes to sales and profits, Microsoft is still in command, turning a $14.6 billion profit on $58.4 billion in sales last year compared with Apple’s $5.7 billion profit on $36.5 billion in sales.
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