Gadget Sales Help Apple Knock Microsoft out of Top Spot
Apple fans say it was inevitable, Microsoft supporters aren't too happy. The numbers are in and it's official: Apple has surpassed Microsoft to become the world's largest tech company by market value.
Apple ended the day (Wednesday) with a market value of almost $223 billion, compared with Microsoft's $219 billion. The changing of the guard comes amid one of the most celebrated comebacks in business history.
The key to Apple's success? Gadgets, gizmos and goodies as the firm reports earning twice as much from mobile devices and music than from its computer sales, underscoring a revolutionary shift happening in the tech industry.
Last year alone, smartphone sales surged at a pace five times faster than traditional PCs!
To many analysts, this news not only represents important economic news, it also signals the end of the era of desktop computers and the beginning of mobile devices.
