updated 03:40 pm EDT, Mon May 24, 2010
Interest in Apple may see it pass MS in value
A combination of factors has led Apple's market cap to where it may pass Microsoft's in a matter of days or weeks. Thanks to a rush on the stock on Monday, the Mac maker now has a roughly $228 billion market cap where sell-offs have dropped Microsoft's own value has fallen to just over $232 billion. The $4 billion gap is just fraction of the $51 billion that existed between the two in March.
The rapid closure mirrors different attitudes towards the companies' long-term futures. Apple has reached multiple record highs in the past few months due both to the iPad as well as consistently outperforming its guidance. Some of its actual revenue growth has been hidden until this year as Apple has said accounting rules required it spread the revenue of each iPhone and Apple TV over two years.
Microsoft has had its own record quarters but to this day still depends almost exclusively on its Office, server and Windows businesses. The Xbox 360 has been relatively successful for the company, but Internet services, Windows Mobile and Zune have all either had negligible profits or repeated losses as they struggle to compete against Apple and Google. [via SAI]