Apple valuation edges out Microsoft as top U.S. tech firm

Apple is now the most valuable technology company in the United States, with a total market capitalization of 222.07-billion, edging out Microsoft that has a current market cap of 219.18-billion.

Apple more recently overtook Wal-Mart’s second position with the higher market capitalization. Wais about 187-billion.

Apple shares today closed nearly at par at $244.05 per share.

Microsoft remains in the third position, just marginally behind Apple, with a 219.18-billion market cap as at 4:30pm New York City time. Microsoft shares (NASDAQ:MSFT) closed down today just over 4-percent to $25.01 per share.

The Apple stock has experienced exponential in the last year alone, with the stock surpassing $270 per share, compared to about an $85 price tag per share in April 2009.

Days ago, an analyst at Morgan Stanley increased projections concerning the Apple stock price, saying the true value of the company is between $310-$400 per share.

The biggest U.S. company remains the oil giant, Exxon Mobil, with a total market capitalization of 278.64-billion


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Peggy holds a Bachelor Arts degree with honors in Economics from York University in Toronto, Canada. She is a Certified Management Accountant (CMA). She has also passed Level I of the Chartered Financial Analyst (CFA) Program. She is also a realtor. Write to peggy@business2press.com
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