Apple Passes Microsoft As Biggest Tech Company

On Wednesday, Apple passed Microsoft to become the world's biggest technology company, as measured by market cap. Microsoft still makes more money than Apple, but Apple's growing much faster.

RENEE MONTAGNE, host:

NPR's business news starts with a new king of technology.

(Soundbite of music)

MONTAGNE: Apple starts the day as the most valuable U.S. technology company. Apple toppled Microsoft from its perch yesterday. When the stock market closed, Apple's total market capitalization, the value of all shares and a common measure of a company's size, was about $225 billion. Microsoft's market cap was $223 billion.

A change in stock prices could alter the new order, but Apple's rise had been anticipated. It's had a string of popular products in recent years, including iPods, iPhones and now the iPad.

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