Okay, so this actually happened on Wednesday 26th May, and the web has already gone crazy over it. (I was half waiting to see if Microsoft bounced back to be bigger than Apple so I could write a comedy post to that effect, but with the iPad launching in Europe today, Apple stock is still on the up).
Apple overtakes Microsoft. Only took 30 years.
As an Apple – and Steve Jobs – fanboy for over three decades, I find this a remarkable turn of events. But while a close techie friend and I love to torment ourselves by looking at Apple’s stock price graph (we both nearly invested several times a couple of years ago, but I still don’t hold any US stocks directly) I wouldn’t bet on Apple outperforming from here.
It’s now the second biggest company in the US, and one of the world’s largest, too. Just doubling its market cap is subject to ‘the law of large numbers’.
Also, sooner or later it will do something evil. Big companies always do.
(Source: Business Insider)
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