Apple zoomed past Microsoft as the world’s biggest tech company as measured by market value on Wednesday. Apple’s shares rose 1% on Nasdaq on Wednesday, pushing its market value up to US$225.1 billion and ahead of Microsoft’s $222.7 billion, according to “Reuters” data (http://news.yahoo.com/s/nm/20100526/tc_nm/us_apple_stock_1).
Apple shares were up 1% above $247 in late afternoon trading. Microsoft shares were down 2.2% to $25.50. Apple now only trails Exxon Mobile as the most valuable company in the US. Exxon’s full market value is reportedly $283.06 billion compared to Apple’s $227.10 billion. Microsoft’s full market value is currently $226.72 billion.