Apple Passes Microsoft As Biggest Tech Company
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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