And…Boom: Apple Worth More Than Microsoft

And there it is. Today Apple, not Microsoft is the world’s most valuable technology company.

As I write this Apple (AAPL) shares are trading at $244.87, giving it a market capitalization of $223.1 billion. Meanwhile, shares of Microsoft (MSFT) are trading at $24.79 and the company’s market cap sits at $217.78 billion (see table below; click to enlarge).

And so Cupertino has finally surpassed Redmond in total value. The only American company with a market cap greater than Apple is Exxon Mobil (XOM).

A remarkable and somewhat ironic milestone considering it was Microsoft that breathed new life into a struggling Apple back in 1997 with a $150 million investment in the company. What was it Bill Gates said at the time? “We think Apple makes a huge contribution in the computer industry. And we think it’s going to be a lot of fun helping out.”

Good times.