Wednesday, 2 June 2010

Apple gains the upper hand over Microsoft

Apple surged past Microsoft as the world's biggest tech company based on market value on Wednesday, the latest milestone in the tech manufacturer's revival.

In January 2000, Steve Ballmer took over as head of Microsoft. It was a company that bestrode the technology world, with a market capitalisation of $556-billion compared with its one-time deadly rival in personal computers, Apple, whose returning chief executive Steve Jobs was gradually nursing it back to health. Even so, Apple was a minnow: its market value was just $15,6-billion.

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